These strange statements come two weeks after Illon Musk had completed the acquisition of Twitter for $ 44 billion, and this specifically prompted observers to question the validity of what he said, considering that it is a “tactic” to fear employees and justify his steps, as no one can buy a company Disciplinary is facing billions of dollars.
Despite the skepticism faced by Musk’s statements about bankruptcy, Twitter’s financial numbers scrutiny show that his words have some truth.
Ali Al -Idrisi, a professor of economics at the Arab Academy for Maritime Transport, says in an interview with the “Sky News Arabia Economy” website, that the main goal of Musk is to take the acquisition step on Twitter is to achieve profits, but when the issue is approached financially, Twitter cannot become a company Rabah if it continues to work as the previous approach, indicating that this reality is proven by numbers that did not show Twitter any annual profits since 2019.
Al -Idrisi explains that the Mask, and immediately after receiving the Twitter administration, has reduced the expenses by laying down a large number of employees, indicating that this step is not sufficient, as it is necessary to work to raise the company’s revenues significantly in order to be able to fulfill its financial obligations, especially since the money that Musk borrowed it to complete the acquisition, it will be included as two hands on Twitter.
Al -Idrisi stressed that talking about the bankruptcy of Twitter is premature, as he possesses a mask, who is the richest man in the world, the ability to pump more money, but at the same time it cannot be said that what was announced is a “tactic” to intimidate the employees but rather to urge them to diligence in the work, Because the company’s financial situation is accurate and needs hard work to transfer it to the bank of safety.
For his part, a member of the Executive Committee at the World Economic Forum, Dr. Alfred Riachi, said in an interview with the “Sky News Arabia Economy” website, that the words of Musk do not come from a vacuum, so it is true that the company will not go bankrupt immediately, but when checking the numbers we find that the debts that surround Twitter Very huge, and this prompted a mask to deliver a message to the employees that “either work until the company is successful or bankruptcy.
”
Riachi notes that Mask bought Twitter for $ 44 billion, as he borrowed about $ 13 billion from banks to complete this deal, and this is what made the company face interest payments, amounting to about $ 1. 2 billion in the next 12 months, which will put it under great pressure.
Riachi adds that what Musk said is not a new maneuver from him, as if Twitter employees do not work with an effort, it may be difficult to cover the $ 1.
2 billion as a payment of debts and benefits, which puts the company under the danger of bankruptcy, especially since Twitter is currently losing 4 million dollars per day..
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