Most tech companies have taken a valuation hit. I would guess that twitter would be worth a lot less even if Musk had not taken it over. It was losing money so it would be a primary candidate to sell now that tech companies are out of favor and its stock would have lost a lot of value anyways.
My guess is that twitter will continue to exist. It's Musk's loud horn and he'll support it as long as has the finances and it continues to have the reach.
I would even say that all the stock grants to employees will do really well once the markets pick up again.
Given the fact that he overpaid to begin with I highly doubt it is worth $20B today. Twitter's reputation will never recover, no matter where it will end up after Musk is done with it. What is interesting though is that it doesn't look like he's extracted any lessons from all of this.
My guess is that twitter will continue to exist. It's Musk's loud horn and he'll support it as long as has the finances and it continues to have the reach.
I would even say that all the stock grants to employees will do really well once the markets pick up again.