Twitter’s gonzo bloodletting is starting to pay off for Elon Musk, who claims the financially troubled company was just 120 days away from bankruptcy.
Thanks to a loss of advertising revenue in part due to uncertainty around the change in owner, together with $1.5 billion in annual interest payments on the debt he added from the takeover, Musk said the company only had enough cash to survive for four more months when he took over in October.
