Twitter saved from bankruptcy, now trending to breakeven said Musk

Elon musk (Photo: IANS)


Owner of Twitter Elon Musk opened up on the status of the social media platform saying it has saved from bankruptcy and is now in for a breakeven.

Elon Musk tweeted on Sunday, “Last three months were extremely tough, as had to save Twitter from bankruptcy, while fulfilling essential Tesla & SpaceX duties.  Wouldn’t wish that pain on anyone. Twitter still has challenges, but is now trending to breakeven if we keep at it. Public support is much appreciated!”

Daily user count and user minutes are “still strong,” Musk said in a follow-up tweet.

Musk on October 2022 completed a $44 billion deal for Twitter that gave him control of the company for $54.20 a share. After takeover of company musk was openly and frequently  talking about chances of getting bankruptcy of twitter.

The platform made its first interest payment on the $12.5 billion in debt that the new owner used to take it private last year, boosting confidence in his ability to avert bankruptcy in the near term.