Elon Musk, the CEO of Twitter, has acknowledged that the social media platform is now not “in the fast lane to bankruptcy.” However, Musk mentioned that there’s a lot that must be executed on the platform. “But overall it seems to be heading in a good direction,” he mentioned.
Musk mentioned over the weekend on the All-In podcast that the corporate is not going to be submitting for chapter quickly. He mentioned, “We’ve got the expenses reasonably under control, so the company’s not in the fast lane to bankruptcy anymore. It has been quite a roller coaster. It has its highs and lows, to say the least, but overall it seems to be going in a good direction.”
Following the podcast, Musk tweeted saying that Twitter shouldn’t be safe but and there may be nonetheless “much to do.”
The Twitter boss additional shared on the podcast: “My error rate and sort of being the chief twit will be less over time but, in the beginning, we’ll make a lot more mistakes because I’m new. Hey, I just got here, man!”
He added: “If you look at the actual amount of improvement that has happened at Twitter in terms of having costs that aren’t insane and shipping product that, on balance, is good, I think that’s great. We’re executing well, and getting things done.”
The billionaire first warned in regards to the prospect of chapter for Twitter just some weeks after he took over the social media platform.
After buying Twitter for about $44 billion on the finish of October, Musk instantly made some drastic modifications to the platform as he targeted on free speech. Soon the corporate misplaced half of its prime 100 advertisers which made up a big chunk of Twitter’s income.
Since then Musk has been attempting to generate income for the social media firm, together with charging $8 ($11 for iPhone customers) a month for the Twitter blue checkmark.
