Elon Musk claims Bankruptcy is no longer a looming fear for Twitter Because the expenses are now “under control”.
during his presence All-in Podcast with David Sachs, a member of paypal mafiaMusk made some comments about Twitter’s latest feature that allows users to see how many people read their tweets: “Overall, it’s going in a good direction.”
“Expense [de Twitter] are reasonably under control,” Musk then said. “The company is no longer headed for bankruptcy.”
In a tweet in response to a user who quoted the billionaire, Musk reiterated it: “Twitter is not sure yet, it is not headed for bankruptcy. There is still a lot of work to do.”
business Insider It was published in November that Musk raised the possibility of bankruptcy in his first meeting with Twitter employees, when a worker asked him what would happen if his plan to increase revenue failed.
At Tesla and SpaceX, Elon Musk was a jerk with a big vision; he’s just an idiot on twitter
In June, Musk said he was concerned about keeping Tesla afloat amid supply chain problems.
Bankruptcy is usually a last resort for troubled companies, but it could be beneficial for Twitter after Musk borrowed more than $10 billion to finance his $44 billion purchase.
Twitter has not responded to a request for comment business Insider,