Musk claims to have saved Twitter from bankruptcy and red ink
Musk claims to have saved Twitter from bankruptcy and has the social media site on a solid path
Despite the talk of bankruptcy, Twitter was able to make the first interest payment on the $12.5 billion of debt that Musk borrowed to complete the purchase of Twitter. Being able to make the payment on time probably gave Musk the confidence to tweet his claim. Personally, though, Musk has been going through some tough times. Last year, he became the first person to have the dubious honor of losing $200 billion in wealth during a single year. Over the past year, Tesla’s shares have declined by 37% accounting for most of the evaporation of his wealth.