The new date is Nov 10, 2022.
According to multiple reports, the company has financial problems so serious that "bankruptcy is not out of the question" if it does not start generating more revenue.
The exhibition will take place in Washington on March 9, 2020. In this photo, Susan Walsh.
According to the Information, Musk told employees that the company would have a negative cash flow next year.
The comment comes after Musk said in his first company-wide email, " Without significant subscription revenue, there is a good chance we won't survive the upcoming economic downturn." The time is Eastern.
Last week, Musk claimed that Twitter is losing more than $4 million per day, and that it has had a massive drop in revenue due to companies pausing ad buys on the platform.
The trust and safety team leader resigned Thursday, according to multiple reports. As a way to assure those concerned about the platform's future, Musk often pointed to the moderation policies explained in the thread.
$18.6 billion That's how much debt the social networking site has. Musk took loans from banks to finance his deal to take over the platform.
The $8-per-month plan he's offering for blue verified checkmarks won't make a big difference in the company's debt payments. The pay-for-play model to get a verified check mark has already caused problems with misinformation, while instances of hate speech have risen since Musk took over.
At an investor conference last week, Musk claimed that he believed that the company could become the most valuable in the world.
Musk told the staff of the social network that they might have to file for Chapter 11.
It won't be enough for Musk to pay his bills on his social media accounts.
There are reports that the latest company to pull ads from the social media site after the sale of the company.
Eli Lilly said it wasn't offering free Insulin after a fake account posted it on social media.
All Rights Reserved © 2024
