Twitter CEO Elon Musk warns company is at risk of bankruptcy

Twitter CEO Elon Musk warned Twitter employees that the company could face bankruptcy, according to a Platformer report. Elon told employees that the company could lose billions of dollars next year, depending on the severity of the economic downturn. He even went as far as saying that the company could face bankruptcy if it doesn’t find a way to make money soon.

If you’ve been seeing any of Elon’s recent replies on Twitter, you might have seen that he has jokingly been asking people for $8 whenever they criticize the dual-verification checkmarks that were being trialled. It seems like Elon’s requests for $8 aren’t really a joke after all, and that the company desperately needs money.

On Thursday, we reported that Elon has told employees to prepare for difficult times ahead and that remote work was now being banned at the company. It will be interesting to see what happens to the company going forward and whether Elon can turn the company’s fortunes around.

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