Twitter ‘trending to break-even’ claims Elon Musk after bankruptcy threat

Elon Musk says Twitter Inc is “trending to break-even” after he had to save it from bankruptcy.

The billionaire said in a tweet on Sunday that the last three months were “extremely tough”. He had to juggle the rescue of the social-media platform with responsibilities at two other companies he oversees – Tesla Inc and Space Exploration Technologies Corp, or SpaceX.

“Wouldn’t wish that pain on anyone,” Mr Musk said.

Daily user count and user minutes are “still strong”, Mr Musk said in a follow-up tweet.

Pat Kenny’s ‘last great spin on the roundabout’ is a slow-burn success story for Irish radio

---

Taxation on investments: What changes might be on the way?

---

Will AI replace stock market analysts?

---

Ibec wants end to retirement relief ceiling

---

Mr Musk last year completed a $44 billion deal for Twitter that gave him control of the company for $54.20 a share. Also last year, he became the first person in history to have $200 billion erased from his fortune, according to the Bloomberg Billionaire’s Index.

[ Elon Musk and Tesla found not guilty in fraud case by US jury ]

[ Ad spending on Twitter falls by over 70% in December, data shows ]

[ Twitter has roughly 2,300 active employees, says Musk ]

Since the takeover, Mr Musk has openly and frequently talked about the possibility of bankruptcy for Twitter. Still, the platform made its first interest payment on the $12.5 billion in debt that the new owner used to take it private last year, bolstering confidence in his ability to avert bankruptcy in the near term. – Bloomberg