Twitter is now “trending to breakeven” according to owner Elon Musk. <\/p>\n\n\n\n
The billionaire also claimed he saved the social media giant from “bankruptcy.” <\/p>\n\n\n\n
In a recent tweet, Musk said the past two months were \u201cextremely tough.\u201d <\/p>\n\n\n\n
He added that while rescuing the social media platform<\/a><\/strong>, he had to fulfill the responsibilities at his two other companies, Tesla and SpaceX. <\/p>\n\n\n\n READ MORE: ELON MUSK WINS SECURITIES FRAUD LAWSUIT OVER 2018 TESLA TWEET<\/a><\/strong><\/p>\n\n\n\n Mr. Musk said: \u201cWouldn\u2019t wish that pain on anyone.\u201d<\/p>\n\n\n\n In a follow-up tweet, Musk said daily user numbers and user minutes are “still strong.” <\/p>\n\n\n\n Musk bought Twitter last October in a $44 billion deal, having complete control of the firm for $54.20 a share. <\/p>\n\n\n\n Shortly after the takeover he broke the Guinness World Record<\/a><\/strong> as the first person to have the largest loss of personal fortune.<\/p>\n\n\n\n The Twitter buyout has made him sell large blocks of Tesla<\/a><\/strong> shares, which hurt the stock.<\/p>\n\n\n\n Need Career Advice? <\/strong>Get employment skills advice at all levels of your career<\/strong><\/a><\/p>\n\n\n\n His wealth plummeted after that, eventually entering the record book for a $200 billion loss.<\/p>\n\n\n\n Since the purchase, Musk has publicly and frequently addressed the risk of Twitter going bankrupt.<\/p>\n\n\n\n Nonetheless, the platform paid its first interest<\/a><\/strong> payment on the $12.5 billion in debt used by the company’s new owner to take it private last year.<\/p>\n\n\n\n It raised confidence in his capability to avoid bankruptcy in the foreseeable future.<\/p>\n\n\n\n Source: <\/strong>Fortune<\/strong><\/a><\/p>\n\n\n\n Follow us on YouTube<\/strong><\/a>, Twitter<\/strong><\/a>, LinkedIn<\/strong><\/a>, and Facebook<\/strong><\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Elon Musk claims he saved Twitter from \u201cbankruptcy\u201d and that the platform is now \u201ctrending to breakeven.\u201d<\/p>\n","protected":false},"author":5,"featured_media":36155,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2456,1065],"tags":[686,329],"class_list":["post-36153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-twitter-news","category-us-business-news","tag-elon-musk","tag-twitter"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts\/36153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/comments?post=36153"}],"version-history":[{"count":0,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts\/36153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/media\/36155"}],"wp:attachment":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/media?parent=36153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/categories?post=36153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/tags?post=36153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}