Musk Values Twitter at Less Than Half Original Purchase Price, Remains Optimistic
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Elon Musk purchased Twitter for $44 billion in what was one of the biggest tech acquisitions in history. Today it's worth less than half of that -- $20 billion to be exact, according to The Wall Street Journal -- and the world's sometimes richest man sounds pleased as punch.
Seemingly channeling Monty Python's Black Knight," Musk told Twitter employees the company's harsh downturn is barely a scratch. He said he's optimistic the company would eventually be worth -- get this -- more than $250 billion, and their private stock grants would increase tenfold. Already facing major headwinds, Musk and Twitter have a long flight ahead of them if they're going to reach that goal.
Source Fool.com
