WASHINGTON ― Twitter head Elon Musk has confirmed that the social media platform is no longer “in the fast lane to bankruptcy.”
“But overall it seems to be going in a good direction,” he said.
Musk said over the weekend on the All-In podcast that the company will not be filing for bankruptcy soon.
He said, “We’ve got the expenses reasonably under control, so the company’s not in the fast lane to bankruptcy anymore. It has been quite a roller coaster. It has its highs and lows, to say the least, but overall it seems to be going in a good direction.”
Following the podcast, Musk tweeted saying that Twitter is not secure yet and there is still “much work to do.”
The Twitter boss further shared on the podcast: “My error rate and sort of being the chief twit will be less over time but, in the beginning, we’ll make a lot more mistakes because I’m new. Hey, I just got here, man.”
He added, “If you look at the actual amount of improvement that has happened at Twitter in terms of having costs that aren’t insane and shipping product that, on balance, is good, I think that’s great – We’re executing well, and getting things done.”
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