Nothing seems to be going in favor of Elon Musk as the billionaire was reportedly seen declaring Twitter’s high probability of entering bankruptcy.

The news comes just a few days after the world’s richest person opted to acquire the firm for a staggering value of $44 billion. But little did he know about the dangers and the issues that would pop up after the high-profile acquisition.

Elon Musk has been making headlines for a while now. And most of them have to do with his mega changes in rules and policies on the app. But now, Musk has confirmed that the corporation is facing bankruptcy, leaving critics and finance analysts shocked.

Just last month, we saw the number of users dip down to a new low. And some of the new features that had been announced included paid verification systems not to mention a major layoff spree for the company’s workforce.

But now, Elon Musk is reported as informing his staff members that the company might not even exist in the first place as its currently going through a phase of bankruptcy.

As mentioned recently by The Guardian, Musk says bankruptcy is not a part of the question. He was even seen addressing so many of his employees for the first time during the start of this week too.

The world’s richest man adds that without the right type of subscription revenue, there was a pretty good chance that the platform wouldn’t be able to survive the upcoming economic uncertainty.

He adds that the firm really requires the figures for its subscription to increase and without that, things are definitely painting out to be a gloomy picture.

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