Google News
Elon Musk has returned to talks about his purchase of the social platform for 44 billion dollars. In his latest statements, he responded to the Wall Street Journal's accusations, defining himself as the one who saved Twitter from bankruptcy.
He said: "The last 3 months have been extremely difficult, as I had to save Twitter from bankruptcy, while fulfilling the essential duties of Tesla and SpaceX. I would not wish that pain on anyone. Twitter still has challenges to overcome, but it is moving towards breaking even.
User support is greatly appreciated!" There's no doubt that his actions could have led to a better financial situation since he bought Twitter, but the perception of the blue bird seems to have gotten worse since he's been CEO.
Musk has said in other tweets that Twitter's daily user count and minutes spent on the social network are high and rising. However much one may speak of failure, therefore, there are important signs of a potential recovery.
Meanwhile, Musk would be interested in having services like peer-to-peer transactions, savings accounts and debit cards as part of a global plan to roll out a new application that can incorporate messaging, payments and commerce.Last 3 months were extremely tough, as had to save Twitter from bankruptcy, while fulfilling essential Tesla & SpaceX duties. Wouldn’t wish that pain on anyone.
Twitter still has challenges, but is now trending to breakeven if we keep at it.Public support is much appreciated! — Elon Musk (@elonmusk) February 5, 2023
The platform could become a direct competitor of Paypal and Apple Pay, since in addition to allowing online and in-store payment, it will also propose to offer money transfer services between users, and this will pave the way for other applications that for now we can only imagine.
The platform will work with standard currencies and payment methods before introducing cryptocurrency support. Meanwhile, Elon Musk testified in California in the trial that he is accused of a series of tweets in 2018 in which he claimed to have the necessary funds for the delisting of Tesla.
The lawsuit against Musk over his tweets was initiated by a shareholder and could cost him billions of dollars in damages if a jury finds him guilty. According to the suing shareholder, Musk did not have the funds to delist Tesla and acted recklessly in discussing the plan.