Elon Musk on Twitter's Bankruptcy Risks

Elon Musk, the owner of Twitter, believes that the company is not currently facing an imminent risk of bankruptcy. “Twitter is not yet secure, but it is not on the brink of bankruptcy; there is still a lot of work to be done,” Musk wrote on his Twitter page.

In November, it was reported that Musk had not ruled out the possibility of Twitter filing for bankruptcy if the social network could not generate more revenue than it spends. According to the report, he told the company's employees that next year the platform could face a "drain of dollar funds."

At the end of October, Musk finally completed the acquisition of Twitter for $44 billion. He promised to liberalize the platform's editorial policy, which has been widely criticized for severe censorship, and to create a content moderation council. However, until the council is operational, there are no global decisions on editorial policy and the restoration of blocked accounts.

Musk also warned that the social network would “do a lot of stupid things” in the near future. The company intends to "keep what works and change what doesn't."