Musk is confident that Twitter is not in danger of bankruptcy yet

The owner of the social network Twitter, Elon Musk, said that the company is not yet in danger of bankruptcy. On his web page , the entrepreneur wrote: «Twitter isn't secure yet, just not in the fast lane to bankruptcy. Still much work to do.»

However, just a month ago, Musk did not rule out the bankruptcy of the newly acquired company if Twitter could not earn more money than it spends. In November, the businessman told the company's employees that next year the platform could face an outflow of funds of several billion dollars.

Recall that in October, Elon Musk finally closed a $44-billion acquisition of Twitter. He promised to liberalize the editorial policy of the social network, which was previously much criticized for strict censorship, and also to create a content moderation council. And until the council is created, Musk has promised not to make global decisions about editorial policy and the restoration of blocked accounts.

However, since the beginning of his tenure as the new manager of the social network, Musk has faced a barrage of criticism regarding his reforms. The other day, he even organized a poll on whether he should leave the post of head of Twitter, promising to stick to the results of the vote. Most of the respondents supported the resignation of Musk.