Elon Musk has valued Twitter at $20 billion USD.

In a weekend email to his Twitter staff, Elon Musk acknowledged that the social media platform's value has decreased significantly since he acquired it for USD 44 billion. The New York Times obtained the email and reported that employees were informed of a new stock compensation program. Musk cautioned that Twitter is still in a financially unstable position and defended the radical changes made to the company, including cost-cutting measures and mass layoffs, as necessary to avoid bankruptcy and streamline operations. Despite these efforts, Twitter's value has dropped to less than half of its acquisition price under Musk's leadership. The email also announced a new stock compensation program that would provide Twitter employees with stock in X Corporation, the holding company used by Musk to purchase Twitter. Although the stock awards would be valued under USD 20 billion, Musk expressed confidence that Twitter will eventually be worth USD 250 billion. The company will allow employees to sell the stock every six months.

As the New York Times reported, Twitter's computer code, which is integral to its operations, was recently leaked online, coinciding with the social media platform's valuation. Legal filings confirmed the news and underscored the company's ongoing struggle to address technical issues and safeguard intellectual property. Twitter issued a copyright infringement notice to GitHub, an online collaborative platform for software developers where the code was posted. Although GitHub complied with the request, it is still being determined how long the code was available before Twitter became aware of the leak. The company is investigating the incident to determine who posted the code. Still, with 75% of former employees having been laid off or resigned, it may be challenging to identify the culprit. The leak is a cause for concern for Twitter, highlighting potential vulnerabilities. It is worth noting that the leak occurred shortly after Elon Musk promised to make Twitter's code public, stating that "Twitter will open source all code used to recommend tweets on March 31st." The individual who leaked the code went by the username "FreeSpeechEnthusiast" on GitHub.