Because Twitter is now a privately owned company, it no longer has to account to shareholders. However, the company’s bottom line still has to be improved. It is responsible for nearly $1 billion in year interest payments on the debt Musk incurred when he purchased the firm. Twitter lost $270 million in the three months ending June 30th. So, it has to produce more money and/or cut expenditures as soon as possible.
Image Source - Twitter
