Owners and CEOs of global technology giant companies are among the highest earners in the recent period. However, the techno-rich, who could not find what they expected in the post-pandemic period, began to experience losses.
Chief among these is Elon Musk, the owner of huge companies such as Tesla and SpaceX. In the process that started with the acquisition of Twitter, Musk loses both money and reputation to a large extent.
IT WAS BUYED FOR 44 BILLION DOLLARS, MORE THAN HALF OF IT FLOODED
Elon Musk, who bought Twitter for $44 billion in November 2022 and is its CEO, offered stock grants to the employees of the social media company at a valuation of approximately $20 billion. It was stated that Musk announced this in an e-mail he sent to Twitter staff. This reveals that more than half of the $44 billion that Musk paid to buy the social media platform has evaporated.
For Twitter, which has lost value since the end of last year and has made many of its features monetized, Elon Musk said in December that Twitter is on track to become a “roughly cash flow breakeven point” in 2023, as top advertisers reduced their spending on the social media platform after the billionaire’s takeover. .
THE MOST LOSSES OF TECHNOLOGY GIANTS WAS
The post-pandemic era is tough for tech’s leading billionaires. Especially in 2022, techno giants, which experienced great losses, started to lay off their companies. Elon Musk suffered the biggest loss during this period. Faced with many criticisms since taking Twitter, Musk’s loss continues.
