Twitter Inc CEO Elon Musk has offered the social-media company's employees stock grants at a valuation of nearly $20 billion (S$26 billion), the Information reported on Saturday (March 25), citing a person familiar with an email Musk sent to Twitter staff.

The reported valuation is less than half of the $44 billion that Musk paid to acquire the social media platform, pointing to a drop in Twitter's value.

ALSO READ:&nbsp;<a href="https://www.asiaone.com/world/elon-musk-who-chief-spar-twitter-over-un-agencys-role" target="_blank">Elon Musk, WHO chief spar on Twitter over UN agency's role</a>

Twitter did not immediately respond to a Reuters' emailed request for a comment.

Musk said in December that Twitter is on track to be "roughly cash flow break-even" in 2023 as top advertisers slashed their spending on the social-media platform after the billionaire' s takeover.

Twitter logo and a photo of Elon Musk are displayed through magnifier in this illustration taken, on Oct 27, 2022. 

Elon Musk

Twitter

Social media

Reuters

Twitter Inc CEO Elon Musk has offered the social-media company's employees stock grants at a valuation of nearly $20 billion (S$26 billion), the Information reported on Saturday (March 25), citing a person familiar with an email Musk sent to Twitter staff. The reported valuation is less than half of the $44 billion that Musk paid to acquire the social media...

Elon Musk puts $26 billion value on Twitter: Report