from Elon Musk Twitter, which has not disappeared from our agenda with his arrival, has not been going through the best financial times lately. So much so that it was recently revealed that Twitter lost $50 million in November and December. In addition, current debts 13 billion dollars was also mentioned.
That’s why Musk started taking steps to cut costs, as we’ve seen with other tech companies. Now it appears that Musk wants to take another step regarding Twitter’s bad course.
Musk is trying to raise $3 billion to pay off some of the $13 billion debt
According to a report from the Wall Street Journal, which is based on sources close to the subject, Musk wants to halt the company’s continuously deteriorating financial situation and raise money to pay off its debts.
The report says Musk’s team is trying to repay some of the $13 billion debt. $3 billion fund explored reported. It was also reported that Musk is considering selling Twitter stock for $3 billion in December.
This huge debt comes after Musk took over $13 billion from several banks to complete his Twitter purchase in October. was charged to the company.
Musk denied the claim
After the allegation emerged, users asked Musk if it was true. Musk said “no” He denied it by answering.
Musk is trying to minimize spending due to financial problems that have dragged Twitter to the bottom in recent months. The famous billionaire had not even paid rent in his offices, in addition to laying off thousands of his employees. We’ve even seen the office supplies auctioned off recently.
Source: Web Tekno
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