Elon Musk Cautions Twitter Could Go Bankrupt Without More Cash

Elon Musk warned that filing for bankruptcy was a distinct possibility for his newly acquired company, after he laid off half of the staff, which numbered 7,500 earlier this year, and made changes to the platform that are causing users, brands, and advertisers to fly the coop. “Sorry that this is my first email to the whole company, but there is no way to sugarcoat the message,” Musk wrote to employees. “Without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn.” Musk sold nearly $4 billion worth of Telsa stock since reaching his… Read Full Article