Elon Musk reveals the truth about Twitter's bankruptcy

Elon Musk, head of Twitter, confirmed that the social media platform is no longer "on the fast track to bankruptcy." Despite this, Musk said that there is a lot to be done on the platform, but overall it seems to be moving in a good direction.

Musk stated in an audio broadcast that the company will not file for bankruptcy soon.

He added, "We have controlled expenses reasonably, so the company is not at risk of rapid bankruptcy anymore. There is a great deal of volatility. The least that can be said is that it has ups and downs, but it seems that the company is moving in a good direction overall."

He continued, "My error rate and being the president of the company will decrease over time, but at first we will make more mistakes because I am new, I just came," and continued, saying: "If you look at the real amount of improvement that has occurred in Twitter in terms of costs that are not huge ... I think that's great, we're doing business well."

Musk had previously warned of the possibility of bankruptcy "Twitter" just a few weeks after its acquisition of the social networking platform.

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