Elon Musk said Twitter is like a crashing plane with its 'engines on fire' in a discussion of the platform's financial issues

Dec 21 2022 by Business Insider

 
Elon Musk acquired Twitter on October 27.

Getty Images

Elon Musk said Twitter is like "a plane headed towards the ground" in a Twitter Space on Tuesday. He explained that he had cut costs because Twitter had a predicted negative cash flow of $3 billion next year. Musk has slashed staff numbers by nearly two-thirds since buying Twitter in October.

Elon Musk compared Twitter to a plane crash, as he explained his rationale for cutting costs at the company by enacting mass layoffs in the weeks...

Continue Reading Elon Musk said Twitter is like a crashing plane with its 'engines on fire' in a discussion of the platform's financial issues