“Difficult Times Ahead”: Musk Says Twitter Bankruptcy Possible As FTC Expresses “Deep Concern”

“Difficult Times Ahead”: Musk Says Twitter Bankruptcy Possible As FTC Expresses “Deep Concern”

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Twitter boss Elon Musk told employees at a recent all-hands meeting that the company is losing so much money that “bankruptcy is not out of the question,” according to  The Information . Twitter, which hasn’t turned a profit since 2019, has seen a “massive drop” in revenue according to Musk, as advertisers step back from spending campaigns. Musk also suggested during the meeting that the company’s future depends on the success of the revamped $8 per month Twitter Blue subscription service – which is currently being bombarded by bots, scammers, and impersonators. Okay twitter blue has been such a success...
Source: https://www.newswars.com/difficult-times-ahead-musk-says-twitter-bankruptcy-possible-as-ftc-expresses-deep-concern/