Twitter value as of April 2022 has a market cap of $34.42 billion, making the social media platform the world's 542nd most valuable company by market cap.

Market capitalization is the total market value of a publicly-traded company's outstanding shares. It is usually used to measure how much a company is worth, according to Companies Market Cap.

Recently, billionaire Elon Musk backed out of his decision to join Twitter's board, which opens the door to a "hostile takeover" that could lead to volatility in the stock, according to analysts.

Meanwhile, the Tesla CEO has made a big offer for Twitter.

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Elon Musk Proposal to Twitter

Elon Musk proposed paying $54.20 for each share of the influential social media platform, which makes Twitter's value at $43 billion, according to a CNET News report.

Musk currently runs Tesla and SpaceX, among other companies. He already owns 9.2 percent of Twitter.

Musk wrote a letter to the chairman of Twitter's board of directors, Bret Taylor. In his letter, Musk said that he now realizes the company will "neither thrive nor serve its societal imperative" with its current form.

The Tesla CEO also noted that the social media platform has "extraordinary potential" and that he will "unlock it."

Musk said that his offer is his "best and final" in the latest news of the partnership between Musk and Twitter.

Musk turned down a seat on Twitter's board of directors, which triggered speculation that the Tesla CEO would try to take over the company.

Musk is no longer under an agreement to keep his stake below 14.9 percent by not joining the board.

Many analysts noted that Musk could bolster his stake and eventually try and establish control, according to a CNBC News report.

Gordon Haskett Research Advisors' Don Bilson noted that Twitter must deal with a wild-card investor that already owns nine percent of the company and has the resources to buy the remaining 91 percent.

Musk is currently worth about $260 billion compared to Twitter's market valuation of about $37 billion, according to a Bloomberg report.

Twitter Net Worth 2022

Twitter's net worth is around $13.316 billion, according to Go Banking Rates report.

The evaluation of the company's net worth considered factors such as profit and revenue, with the resulting value being more conservative but based on concrete numbers.

The social media platform went public in November 2013 and enjoyed a strong share price of $45 due to investors' interest.

It started as a "micro-blogging" site in 2006 by Evan Williams and Jack Dorsey, along with others.

It has become more well-known over time and reached 100 million users per day in 2012.

Dorsey previously left Twitter to start another company named "Square," which is now known as "Block."

In 2015, he returned as CEO but he did not give up his role at Square/Block, according to a Seeking Alpha report.

The social media platform has become one of the most influential social media companies.

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This article is owned by Latin Post.

Written by Mary Webber

WATCH: Elon Musk Offers To Buy Twitter For More Than $40 Billion - from TODAY