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telecomDecember 28, 2022

Twitter won’t go bankrupt anytime soon: Musk

Elon Musk, the CEO of Twitter, has stated that the social media platform is no longer “in the fast lane to bankruptcy.” However, Musk said that there is a lot that needs to be done on the platform. “But overall it seems to be heading in a good direction,” he said.

Musk said over the weekend on the All-In podcast that the company will not be filing for bankruptcy soon.

He said, “We’ve got the expenses reasonably under control, so the company’s not in the fast lane to bankruptcy anymore. It has been quite a roller coaster. It has its highs and lows, to say the least, but overall it seems to be going in a good direction.”Following the podcast, Musk tweeted saying that Twitter is not secure yet and there is still “much to do.” The Twitter boss further shared on the podcast: “My error rate and sort of being the chief twit will be less over time but, in the beginning, we’ll make a lot more mistakes because I’m new. Hey, I just got here, man!”

After purchasing Twitter for about $44 billion at the end of October, Musk immediately made some drastic changes to the platform.