Elon Musk Says Recent Valuation Of Twitter Shows It's Worth 'Less Than Half Of The Acquisition Price'

Elon Musk said that he recently valued Twitter and it was worth less than half of what he paid for the social media platform.

What Happened: Musk's comments were made in a Monday night interview with Fox News host Tucker Carlson.

The Twitter owner said that he recently valued the platform at "less than half" of the acquisition price.

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Why It Matters: Musk acquired Twitter in October last year at $54.20 in a transaction valued at $44 billion.  

Banks that lent $13 billion to purchase Twitter were reportedly looking to book losses in December.

The largest part of that debt, or around $10 billion, is backed by Twitter's assets and might have to be written down by nearly 20%.

Musk offered new equity grants to Twitter employees in March. Those grants came with a valuation of nearly $20 billion.

In an email to staff at the time, Musk said, "I see a clear, but difficult, path to a >$250B valuation, meaning stock granted now would be worth ten times more."

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