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Tesla CEO and Twitter chief Elon Musk has confirmed that the social media firm is now not “within the quick lane to chapter.” Nonetheless, the billionaire emphasised that there’s nonetheless a lot work to do on the platform. “However general it appears to be stepping into a very good path.”
Twitter Received’t Go Bankrupt Anytime Quickly, Says Elon Musk
Tesla CEO and Twitter chief Elon Musk revealed over the weekend that Twitter is not going to be submitting for chapter anytime quickly. He mentioned on the All-In podcast Saturday:
We’ve acquired the bills moderately beneath management, so the corporate’s not within the quick lane to chapter anymore.
“It has been fairly a curler coaster,” he added. “It has its highs and lows, to say the least, however general it appears to be stepping into a very good path.”
Following the podcast, Musk tweeted clarifying that Twitter shouldn’t be safe but and there’s nonetheless “a lot work to do.”
The Twitter boss additional shared on the podcast: “My error charge and kind of being the chief twit can be much less over time however, to start with, we’ll make much more errors as a result of I’m new … Hey, I simply acquired right here, man.”
He continued: “If you happen to take a look at the precise quantity of enchancment that has occurred at Twitter by way of having prices that aren’t insane and transport product that, on steadiness, is nice, I feel that’s nice — We’re executing effectively, and getting issues achieved.”
The billionaire first warned concerning the prospect of chapter for Twitter only a few weeks after he took over the social media platform. Sharing Twitter’s financial troubles in his first electronic mail to Twitter staff in November, he wrote:
The financial image forward is dire … Chapter isn’t out of the query.
After buying Twitter for about $44 billion on the finish of October, Musk instantly made some drastic changes to the platform as he centered on free speech. Quickly the corporate misplaced half of its high 100 advertisers which made up a big chunk of Twitter’s income. Musk has been making an attempt to generate earnings for the social media firm ever since, together with charging $8 a month for the Twitter blue checkmark ($11 for iPhone customers).
Musk just lately promised to step down as head of Twitter. “I’ll resign as CEO as quickly as I discover somebody silly sufficient to take the job! After that, I’ll simply run the software program & servers groups,” he tweeted final week.
Do you suppose Elon Musk is doing a very good job working Twitter? Tell us within the feedback part under.
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