{"id":20109,"date":"2022-11-11T09:42:26","date_gmt":"2022-11-11T09:42:26","guid":{"rendered":"https:\/\/www.africa-press.net\/angola\/all-news\/musk-says-twitter-may-see-multibillion-losses-bankruptcy-next-year-reports-say"},"modified":"2022-11-11T10:04:48","modified_gmt":"2022-11-11T10:04:48","slug":"musk-says-twitter-may-see-multibillion-losses-bankruptcy-next-year-reports-say","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/angola\/all-news\/musk-says-twitter-may-see-multibillion-losses-bankruptcy-next-year-reports-say","title":{"rendered":"Musk Says Twitter May See Multibillion Losses, Bankruptcy Next Year, Reports Say"},"content":{"rendered":"

Africa-Press – Angola. <\/strong><\/span>US billionaire entrepreneur Elon Musk told Twitter employees that the media giant may see a \u201cnet negative cash flow of several billion dollars\u201d next year with chances of bankruptcy, according to reports.<\/b><\/p>\n

\u201cWe can\u2019t scale to a billion users and take massive losses along the way, that\u2019s not feasible,\u201d the report cited Musk as saying. \u201c[But] if you have a compelling product, people will buy it. That has been my experience at SpaceX and Tesla.\u201d<\/p>\n

In Musk\u2019s view, Twitter\u2019s \u201cbankruptcy is not out of the question\u201d if his new acquisition will not be able to earn more than it spends, the report said on Thursday.<\/p>\n

The billionaire added that making Twitter more profitable may entail introducing video content and creating more attractive compensation conditions for content creators, according to the report.<\/p>\n

Musk closed a $44 billion deal to purchase Twitter on October 28 after months of negotiations and legal disputes with the company about the number of fake accounts on the social media platform, which the entrepreneur believed was much higher than the company reported.<\/p>\n

For More News And Analysis About Angola<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Angola. US billionaire entrepreneur Elon Musk told Twitter employees that the media giant may see a \u201cnet negative cash flow of several billion dollars\u201d next year with chances of bankruptcy, according to reports. \u201cWe can\u2019t scale to a billion users and take massive losses along the way, that\u2019s not feasible,\u201d the report cited […]<\/p>\n","protected":false},"author":84,"featured_media":20108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,337,329],"class_list":["post-20109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-angola","tag-angola"],"yoast_head":"\nMusk Says Twitter May See Multibillion Losses, Bankruptcy Next Year, Reports Say - Angola<\/title>\n<meta name=\"description\" content=\"US billionaire entrepreneur Elon Musk told Twitter employees that the media giant may see a \u201cnet negative cash flow o ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/angola\/all-news\/musk-says-twitter-may-see-multibillion-losses-bankruptcy-next-year-reports-say\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Musk Says Twitter May See Multibillion Losses, Bankruptcy Next Year, Reports Say\" \/>\n<meta property=\"og:description\" content=\"US billionaire entrepreneur Elon Musk told Twitter employees that the media giant may see a \u201cnet negative cash flow o ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/angola\/all-news\/musk-says-twitter-may-see-multibillion-losses-bankruptcy-next-year-reports-say\" \/>\n<meta property=\"og:site_name\" content=\"Angola\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-11T09:42:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-11T10:04:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/11\/postQueueImg_18-636e1e26127b4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/musk-says-twitter-may-see-multibillion-losses-bankruptcy-next-year-reports-say#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/musk-says-twitter-may-see-multibillion-losses-bankruptcy-next-year-reports-say\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Musk Says Twitter May See Multibillion Losses, Bankruptcy Next Year, Reports Say\",\"datePublished\":\"2022-11-11T09:42:26+00:00\",\"dateModified\":\"2022-11-11T10:04:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/musk-says-twitter-may-see-multibillion-losses-bankruptcy-next-year-reports-say\"},\"wordCount\":201,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/musk-says-twitter-may-see-multibillion-losses-bankruptcy-next-year-reports-say#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/11\/postQueueImg_18-636e1e26127b4.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Angola\",\"Angola\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/angola\/all-news\/musk-says-twitter-may-see-multibillion-losses-bankruptcy-next-year-reports-say#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/musk-says-twitter-may-see-multibillion-losses-bankruptcy-next-year-reports-say\",\"url\":\"https:\/\/www.africa-press.net\/angola\/all-news\/musk-says-twitter-may-see-multibillion-losses-bankruptcy-next-year-reports-say\",\"name\":\"Musk Says Twitter May See Multibillion Losses, Bankruptcy Next Year, Reports Say - 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