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Elon Musk values Twitter at nearly $20 billion and offers stock grants to employees at that valuation
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This is half of what he paid for the micro-blogging site last year
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Musk expects Twitter to be "roughly cash flow break-even" in 2023, despite a decline in top advertisers' spending after his takeover
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Musk fired nearly 70% of Twitter's staff and claimed his company was losing $4 million a day
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Advertising spending on Twitter dropped by 71% in December 2021, and Twitter's revenue was down 40% year over year
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To increase revenue, Musk has rolled out subscription-based verification and offered heavy discounts to lure advertisers back