this post was submitted on 20 Sep 2023
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Twitter was not in danger of going bankrupt before. They are now due to Musk's actions and financial setup. They did actually make decent profits (over $1B) in 2019 and 2018. The previous organization could have made modest cuts and improved efficiency to become profitable... also they were paying good salaries to over 8,000 people, and more advertisers and users were benefiting from the platform than are now. Musk's destruction of the company was entirely unnecessary.