Elon Musk Says That Under His Brilliant New Management, Twitter Will Likely Go Out of Business

  • 📰 futurism
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

Just moments ago, he admitted that 'bankruptcy isn't out of the question.'

It's not a great way to start a friendly CEO-staff relationship, to say the least, but it's nevertheless the posture Musk is taking as he makes sweeping changes to the social network that are, unsurprisingly, very unpopular with some of the workers left at the company following his"Elon has shown that he cares only about recouping the losses he’s incurring as a result of failing to get out of his binding obligation to buy Twitter," one disgruntled employee wrote in an email to...

To be fair, Twitter is now in some seriously dire financial straits under its new ownership, and per theis going to be required to pay $1 billion annually in interest under Musk's deal. Paired with advertisers' increasing wariness about the site's trajectory, things aren't looking great in Twitterland.

Nevertheless, this whole mess is indeed shaping up to be as bad as many predicted, with the new CEO following through with his

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Turn around a company during economic downturn? ... don't know how I did it!

hehe

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 85. in BUSİNESS

Business Business Latest News, Business Business Headlines