Twitter May Not Go Bankrupt Soon, But Isn't Secure Yet: Elon Musk

Musk recently showed his interest in offering people to invest in Twitter at the original $54.20 per share.

Musk said that there's "still much work to do."

Source : AFP

Responding to a Twitter user, Elon Musk has said that the microblogging platform is not going bankrupt but is not secure yet. Farzad Mesbahi, a YouTuber who covers future technologies, tweeted: "On today's All In podcast @elonmusk says, We've gotten the expenses (of Twitter) under control, so the company isn't on the fast lane of Bankruptcy anymore".

To which Musk replied: "Twitter isn't secure yet, just not in the fast lane to bankruptcy. Still much work to do".

“Twitter isn’t secure yet, just not in the fast lane to bankruptcy” - Elon Musk pic.twitter.com/92Ytkx1kRd

— StockMKTNewz - Evan (@StockMKTNewz) December 25, 2022

Earlier, Musk in his monetisation drive to save Twitter, rolled out Blue tick subscription, which costs $8 per month to purchase on the web or $11 per month via the iOS App Store.

The microblogging platform said that those who initially subscribed on iOS for $2.99 or $4.99/month will need to upgrade their subscription to $8/month on the web or $11/month (or your local pricing) on iOS or lose their subscription.

A few days ago, Musk showed his interest in offering people to invest in Twitter at the original $54.20 per share, at which he acquired the company for $44 billion.

According to news portal Semafor, Musk's money manager Jared Birchall has reached out to potential investors, "offering shares of Twitter at the same price, $54.20, that Musk paid to take the company private in October".

Meanwhile, Elon Musk has denied that Twitter removed suicide prevention feature for its users, said the reports were "fake". Media reports earlier claimed that Twitter removed a feature that promoted suicide prevention hotlines and other safety resources. The reports, quoting Twitter executives, claimed the feature was removed and was being revamped.

"False, it is still there," Musk said in a tweet.

(With inputs from IANS)