Twitter CEO Elon Musk has reportedly indicated that the social media platform is now valued at less than $20 billion.

According to technology news websites Platformer and the Information, who broke the story first, the estimate of Twitter’s valuation was based on Musk’s offer of equity grants to employees, reports BBC.

A poo emoji was automatically sent in response to a BBC request for comment via Twitter’s press office email account, after Musk’s announcement of the strategy in a tweet earlier this month.

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Meanwhile, Twitter reports that parts of the source code that powers multi-billionaire Elon Musk’s social media platform have been leaked online.

It claimed that the code was uploaded to the Microsoft-owned website GitHub, where developers share code, the report said.

After Twitter made a request for its removal, it was taken down.

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After cutting more than a third of Twitter’s staff and dealing with a loss of advertising since acquiring the company in October of last year, the leak presented Musk with a new challenge, said the report.