Twitter Valuation $44 to $20 Billon: Elon Musk Did it !
I. Introduction: Recently, news emerged that Elon Musk had sent an email to Twitter employees announcing a new stock compensation program. Musk stated that Twitter’s current valuation is about $20 billion, a significant drop from the $44 billion he paid to acquire the social network in October. The news has implications for both Elon Musk and Twitter. For Elon Musk, the news is significant because it contributes to his net…