Twitter: Elon Musk rules out any risk of bankruptcy

Elon Musk remains confident. While the billionaire has multiplied the controversial outings since his takeover of Twitter for $44 billion, he assured that the company would not go bankrupt, not without hiding the difficulties of the American company: “It’s a real roller coaster.. There are oops. and setbacks, to say the least, but overall it seems to be heading in the right direction.” “We have managed to control expenses and the company is therefore no longer on the fast track to bankruptcy,” he explained in a podcast published on YouTube and broadcast by BFM TV on Sunday, December 25, 2022.

Internally, the entrepreneur has a completely different position. He fears that Twitter will not survive “the next economic recession”. And the situation may not get any better. In fact, some advertisers are leaving the platform, especially because of the positions taken by Elon Musk.

ALSO READ

Twitter: Elon Musk soon in the European Parliament to testify?

The billionaire was aware of the need for reassurance and promised to improve his behavior: “My error rate and my role as chief tweeter will decrease over time, but in the beginning we will make many more mistakes because I am new”, he assured in the podcast posted on online.

ALSO READ

Should Elon Musk remain Twitter boss? Here’s what his staff said

Leave a Comment