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Elon Musk says Twitter 'not on the fast lane to bankruptcy anymore'

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The billionaire has not had an easy ride since taking control of the platform in October, but he says “overall, it seems to be going in a good direction”.
Elon Musk says Twitter is “not on the fast lane to bankruptcy anymore”, but admits there is “still much work to do”.
Since he took control of the social networking platform in October, having paid $44bn (£38bn) for it, Musk has not had an easy ride.
He made a number of controversial policy decisions and lost many major advertisers as concern grew about the platform’s direction – and about its ability to pay interest on the $13bn (£10.8bn) debt he took on to buy it.
Last month, within two weeks of buying the company, he warned Twitter employees that the company may not “survive the upcoming economic downturn”.
In a podcast released over the weekend, he told All-In: “It has been quite a rollercoaster… It has its highs and lows, to say the least, but overall it seems to be going in a good direction.

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