Tesla CEO and Twitter chief Elon Musk has confirmed that the social media company is no longer “in the fast lane to bankruptcy.” Nonetheless, the billionaire emphasized that there is still much work to do on the platform. “But overall it seems to be going in a good direction.”
Twitter Won’t Go Bankrupt Anytime Soon, Says Elon Musk
Tesla CEO and Twitter chief Elon Musk revealed over the weekend that Twitter will not be filing for bankruptcy anytime soon. He said on the All-In podcast Saturday:
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,” he added. “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 clarifying that Twitter is not secure yet and there is still “much work 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.”
He continued: “If you look at the actual amount of improvement that has happened at Twitter in terms of having costs that aren’t insane and shipping product that, on balance, is good, I think that’s great — We’re executing well, and getting things done.”
The billionaire first warned about the prospect of bankruptcy for Twitter just a few weeks after he perėmė the social media platform. Sharing Twitter’s finansinių problemų in his first email to Twitter employees in November, he wrote:
The economic picture ahead is dire … Bankruptcy isn’t out of the question.
After purchasing Twitter for about $44 billion at the end of October, Musk immediately made some drastiškų pokyčių to the platform as he focused on free speech. Soon the company lost half of its top 100 advertisers which made up a large chunk of Twitter’s revenue. Musk has been trying to generate income for the social media company ever since, including charging $8 a month for the „Twitter“ mėlyna varnelė ($11 for iPhone users).
Muskusas neseniai pažadėjo to step down as head of Twitter. “I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams,” he tweeted last week.
Do you think Elon Musk is doing a good job running Twitter? Let us know in the comments section below.
Vaizdo kreditai: „Shutterstock“, „Pixabay“, „Wiki Commons“
Atsakomybės neigimas: Šis straipsnis skirtas tik informaciniams tikslams. Tai nėra tiesioginis pasiūlymas pirkti ar parduoti ar jo prašymas arba bet kokių produktų, paslaugų ar bendrovių rekomendacija ar patvirtinimas. Bitcoin.com neteikia patarimų investavimo, mokesčių, teisinių ir apskaitos klausimais. Nei įmonė, nei autorius nėra tiesiogiai ar netiesiogiai atsakingi už bet kokią žalą ar nuostolius, kuriuos sukėlė ar tariamai sukėlė bet koks šiame straipsnyje minimo turinio, prekių ar paslaugų naudojimas ar priklausymas nuo jų.
Source: https://news.bitcoin.com/elon-musk-twitter-no-longer-in-fast-lane-to-bankruptcy/