> adding that “bankruptcy is not out of the question” if the company can’t “bring in more cash than we spend."
> “We can’t scale to a billion users and take massive losses along the way, that’s not feasible,” Musk said, speaking at an all-hands meeting for Twitter’s product team. But “if you have a compelling product, people will buy it. That has been my experience at SpaceX and Tesla"
Banks are on the hook for about $12b, plus he convinced a handful of shareholders to roll over their multi-billion dollar investments so he didn't have to buy them out, notably @jack and the Saudi group
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[ 4.1 ms ] story [ 22.3 ms ] thread> “We can’t scale to a billion users and take massive losses along the way, that’s not feasible,” Musk said, speaking at an all-hands meeting for Twitter’s product team. But “if you have a compelling product, people will buy it. That has been my experience at SpaceX and Tesla"