Why Elon Musk Says Twitter Bankruptcy Is a Possibility | WSJ
November 23, 2022
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as posted by the channelElon Musk bought Twitter for over $44 billion in October. The entrepreneur is now warning of dire financial challenges facing the social media company as it hasn’t turned a profit for eight of the past ten years.
WSJ’s Mark Maurer explains how the company is trying to fix its finances and avoid a potential bankruptcy amid thousands of layoffs and advertisers pausing their spending.
Photo Illustration: Laura Kammermann
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