Elon Musk says Twitter 'not on the fast lane to bankruptcy anymore'

Australia News News

Elon Musk says Twitter 'not on the fast lane to bankruptcy anymore'
Australia Latest News,Australia Headlines
  • 📰 SkyNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 67%

The billionaire has not had an easy ride since taking control of the platform in October, but he says 'overall, it seems to be going in a good direction'

Elon Musk says Twitter is"not on the fast lane to bankruptcy anymore", but admits there is"still much work to do"., Musk has not had an easy ride.

He made a number of controversial policy decisions and lost many major advertisers as concern grew about the platform's direction - and about its ability to pay interest on the $13bn debt he took on to buy it.

"We've got the expenses reasonably under control, so the company's not on the fast lane to bankruptcy anymore." Later in a tweet, he added:"Twitter isn't secure yet, just not in the fast lane to bankruptcy. Still much work to do."

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:

SkyNews /  🏆 35. in UK

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk insists Twitter's 'suicide prevention feature' is still intact after reports it had been removedElon Musk insists Twitter's 'suicide prevention feature' is still intact after reports it had been removedTwitter's head of safety, Ella Irwin, told Reuters that the ThereIsHelp feature had been 'temporarily removed' while the company is 'fixing and revamping our prompts'.
Read more »

One of lockdown's breakout online music stars issues warning over future of social mediaOne of lockdown's breakout online music stars issues warning over future of social mediaPatrick Dexter became a social media sensation during lockdown - and 'no matter what happens' to Twitter under Elon Musk, the Irishman has vowed to keep playing the cello that made him famous.
Read more »

Musk vows not to sell Tesla shares as US carmakers face Uyghur ‘forced labour’ probeMusk vows not to sell Tesla shares as US carmakers face Uyghur ‘forced labour’ probe🔴 US Senators are investigating whether car makers including Tesla and General Motors are using parts and materials made with forced labour in China’s Xinjiang region
Read more »

Dermie McClenaghan: Tributes paid to Derry civil rights campaignerDermie McClenaghan: Tributes paid to Derry civil rights campaignerActivist Dermie McClenaghan, one of the organisers of the historic civil rights march in Londonderry on 5 October 1968, dies after an illness
Read more »

Bilic wants to put right that 'unacceptable' night at MillwallBilic wants to put right that 'unacceptable' night at MillwallThe defeat at performance at Millwall in October is still something that hurts Watford head coach Slaven Bilic
Read more »



Render Time: 2025-03-23 20:03:07