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TechRadar
Christian Guyton

Elon Musk’s Twitter gamble has already cost him $24 billion - and he's still digging

Cartoon of Elon Musk with flaming dollar bills in the background

Oh, Elon. When will you learn? Never, if this latest development is anything to go by: according to a memo reported on by the Wall Street Journal, an internal valuation has just placed Twitter’s total value at around 20 billion dollars. Hilariously, that’s less than half of the $44 billion Musk originally paid for the social media site back in October 2022.

But it seems Elon isn’t content with just sitting in the hole he’s fallen into; some unpaid intern has handed him a shovel, and he’s gonna keep on digging down until everyone on Twitter is paying for Twitter Blue - or the site collapses entirely.

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