Since Elon Musk has taken over Twitter all are problems for the company. The billionaire has taken over the social network to make it free, but finally I may go bankrupt sooner. According to reports ReutersElon Musk warns of a possible bankruptcy of Twitter while we see how your staff is reducedincluding the high positions to which some are asking to return.
This information Elon Musk himself told it in a group call to its employees, just two weeks after its purchase for 44,000 million. In order to survive, Musk is looking for new revenue, such as the increase in the Blue subscription to $8, revenue that can offset the losses he is taking on advertising. Even the US Federal Commission is concerned for the economy of the company.
Twitter is running out of high positions, something that can lead the social network to breach some regulatory laws that can further jeopardize the company's situation. In any case, advertising losses added to the debt of 13,000 million whose interests amount to about 1,200 million, an amount that exceeds the company's cash.
With decreasing income from advertising and with the different decisions of the new CEO of the company, we do not know what future holds for twitterbut if you do not increase your income, you may can't withstand the next economic downturn.
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