Elon Musk, CEO of Tesla and Chief of Twitter Social media companies are no longer the ‘fast lane to bankruptcy’. Nonetheless, the billionaire emphasized that there is still a lot of work to be done on the platform. } Twitter won’t go bankrupt anytime soon, says Elon Musk
Tesla CEO and Twitter CEO Elon Musk revealed over the weekend that Twitter won’t file for bankruptcy anytime soon Did. He said in his All-In podcast on Saturday:
The company is no longer on the highway to bankruptcy because expenses are being rationally managed. Is not …
“It was quite a rollercoaster,” he added. “There have been ups and downs to say the least, but overall things seem to be going in the right direction.”
Twitter Boss further stated on the podcast: First off, I’m new and I’ll make more mistakes… Hey, I just got here, man.
He continued: We are running well and getting things done. ”
The billionaire first warned of Twitter’s possible bankruptcy just weeks after taking over his social media platform. In his first email to his Twitter employees in November, he shared his Twitter financial troubles, writing:
After acquiring Twitter for about $44 billion at the end of October, Musk quickly made significant changes to the platform with a focus on free speech. The company quickly lost half of the top 100 advertisers that accounted for most of Twitter’s revenue. Since then, Musk has tried to generate income for social media companies, including charging Twitter’s blue check mark $8 a month (he’s $11 for iPhone users).
Musk recently pledged to step down as head of Twitter. “I will step down as CEO as soon as I find someone stupid enough to take it on! After that, just run Software & Server his team,” he tweeted last week.
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