Elon Musk devalues Twitter to $20 billion.

Elon Musk told Twitter employees that the company is now worth about $20 billion, less than half the amount he paid for it. Musk provided the $20 billion figure in an email sent to staff on Friday to announce a new stock compensation program. Musk also said in the email that he believed Twitter could someday be worth $250 billion. Musk warned workers that Twitter remained in a precarious financial position and, at one point, had been four months away from running out of money.