Twitter chief Elon Musk claimed Sunday he had to ‘save’ the app from bankruptcy and that the last three months had been ‘extremely’ challenging. Musk’s claims were in response to a report on ‘personal challenges’ faced by the billionaire, of whom a jury this week said his 2018 tweets about Tesla, Inc. did not deceive investors in the automobile/clean energy giant.
“(The) last 3 months were extremely tough, as I had to save Twitter from bankruptcy while fulfilling essential Tesla & SpaceX duties. Wouldn’t wish that pain on anyone,” Musk said.
He also appreciating ‘public support’ for his decisions.
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“Thank goodness, the wisdom of the people has prevailed! I am deeply appreciative of the jury’s unanimous finding of innocence in the Tesla 420 take-private case,” he tweeted after the verdict came out.
Since his headline-grabbing $44bn buyout of the social media giant, Musk has been often complained about the massive drop in revenues and blamed it on activist groups ‘pressuring’ advertisers. Since his arrival Twitter has seen many changes, including controversial layoffs of thousands of employees and charging of fees for the coveted ‘tick mark’ of verified accounts.
In his tweet Musk also said ‘the platform still needs changes but it is now trending to break even if we keep at it’. Amid claims about the possibility of Twitter going bankrupt, the platform has made its first interest payment on the $12.5 billion Musk borrowed to complete his purchase, Bloomberg reported.