Elon Musk says Twitter could have gone bankrupt if he didn’t take steps to cut costs and that it has a shot of being cash-flow positive in months
CEO says company faced ‘massive decline in advertising’ and could have gone bankrupt if he didn’t cut costs
Elon Musk, who bought Twitter in October, said the likely time to put in place a new person to take over the day-to-day management of the social-media platform could be toward the end of 2023. He spoke remotely at the World Government Summit in Dubai. Photo: Kamran Jebreili/Associated Press
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