WebNov 23, 2024 · November 23, 2024, 4:00 PM. Elon Musk has warned of dire financial challenges facing Twitter, the social media company he took over for $44 billion in October. WSJ’s Mark Maurer explains how the company is trying to fix its finances and avoid a potential bankruptcy. Photo Illustration: Laura Kammermann. WebNov 11, 2024 · STORY: Could Twitter go bankrupt? The platform’s new owner Elon Musk told staff on a Thursday call he could not rule that possibility out, according to Bloomberg. …
A day of chaos brings Twitter closer to the brink - CNN
WebTwitter might go bankrupt, according to Elon Musk. What actual assets did the 44 billion get him? A huge database of data, the source code of Twitter and a few Twitter offices among others, but the main things are the data and the code. Which won't be worth shit if the platform dies commercially because of his misuse. WebNov 27, 2024 · Musk took the company private last month with a $44 billion buyout. In the process, he cashed in some of his Tesla stock but also saddled Twitter with $13 billion in debt. The problem is, Twitter generated only $632 million in cash flow last year to pay for debt and other expenses, NPR noted. The company’s current debt is roughly seven times ... chris watts penpal
Is Elon Musk’s Twitter in too much trouble to cover its debts?
WebNov 11, 2024 · In May, the FTC issued an order to Twitter, requiring the firm to pay a $150 million fine for using its users’ phone numbers and email addresses to serve targeted ads. WebAnswer (1 of 8): Twitter Problem is its spending on R&D and its Selling/General/Admin. Expenses: contains forecasts, by Forbes Stacking Twitter's R&D And Marketing Costs Against Facebook This is likely the reason why Twitter laid out people, namely 8% of the staff but will that be enough to ... WebNov 11, 2024 · An end to the disruption seemed nowhere in sight on Friday. In its latest reversal on the matter, Twitter said it would re-introduce a gray “Official” badge for select accounts to help confirm ... ghent chevy