In a call with employees on Thursday (Nov 10), Twitter Inc.’s new owner, Elon Musk, raised the specter of bankruptcy for the social-media company if it doesn’t start generating more cash.
It was a surprising scenario to envision for a company he had purchased for US$44 billion (RM203.6bil) just two weeks earlier, in part with US$13 billion (RM60.15bil) of loans from Wall Street banks.
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