As the world’s richest man, Musk also has plenty of firepower to keep the company afloat, and he could potentially inject more cash into Twitter if things became dire. That, however, would likely require selling more shares of Tesla Inc., a threat to the electric carmaker’s stock price. — Photography OLIVIER DOULIERY/AFP
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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