Musk warned since November that Twitter faced bankruptcy if its financials didn’t improve.
. Twitter’s remaining employees were required to “opt in” to a “hardcore” work environment or leave the company.
Musk has confirmed the search for his successor as Twitter CEO is already underway, though he hasn’t provided an exact timeline for when he will step aside. In addition to his responsibilities at Twitter, Musk was recently called to take the stand as a key witness in a trial with Tesla shareholders. The shareholders had alleged that a 2018 tweet in which Musk claimed to have “funding secured” to take Tesla private had caused them to suffer massive losses after the deal never materialized.A San Francisco jury ruled in Musk’s favor last Friday, determining that he was not liable for misleading investors with the 2018 tweet.
Tesla has since rallied, with shares surging 75% since the start of 2023. Last quarter, the company reported
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