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Elon Musk says Twitter on ‘fast track to bankruptcy’ since May




Twitter CEO Elon Musk received an offer Sunday from an MIT researcher and podcast host to run the social media platform for free, and in response, Musk said his investment has been “on the fast track to bankruptcy” since before the takeover in May.

MIT researcher and podcast host Lex Fridman tagged Musk in a post on Sunday, offering to take over Twitter.

Elon Musk says Twitter on ‘fast track to bankruptcy’ since May

In this photo illustration, the image of Elon Musk is shown on a computer screen and the logo of twitter on a mobile phone in Ankara, Turkiye on October 6, 2022. (Muhammed Selim Korkutata/Anadolu Agency/Getty Images)

“Let me run Twitter a little bit,” Fridman said. “No pay. All in. Focus on good engineering and increasing the amount of love in the world. Just offering my help in the unlikely event it’s helpful.”

ELON MUSK TWEETS “THE BIRD IS FREE” AFTER FINALizing $44 BILLION ACQUISITION

Shortly after Fridman made the offer, Musk responded.

“You must be in as much pain,” he said. “One catch: you have to invest your savings in Twitter, and it’s been on the fast track to bankruptcy since May. Do you still want the job?”

“Yes. We’ll turn it around,” Fridman said.

ELON MUSK SELLS $3.5 BILLION WORTH OF TESLA SHARES

The Twitter boss bought the social media platform on Oct. 27 for $44 billion, and experts like Wedbush Securities analyst Dan Ives said that was the easy part of the acquisition.

The “Everest-like” uphill battle to fix “this troubled resource” would be the hard part, he added.

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Ives also said the purchase would go down as one of the most overpaid tech buys in the history of M&A deals on the street.



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