Elon Musk Says That Twitter “Not in the Fast Lane to Bankruptcy”

But there is "still much work to do".

Tesla founder and current owner of Twitter, Elon Musk said that Twitter is not in danger of going bankrupt right now. A businessman tweeted about this.

The billionaire discussed Twitter's financial health in a podcast at the end of the previous weekend. "We've got the expenses reasonably under control, so the company's not on the fast lane to bankruptcy anymore" said Musk. The businessman also noted that the company "be going in a good direction."

Elon Musk became the new owner of Twitter in October 2022. During the leadership of the company, he became a participant in a number of scandals. The loudest of them are the mass dismissal of employees and changes in the verification system on the platform (Blue mark).

In mid-December, the billionaire launched a vote. He asked users about stepping down as Twitter CEO. After its completion, he promised to leave the post after finding "someone foolish" to replace him.