Elon Musk Says Twitter Is ‘Trending to Breakeven' After Near Bankruptcy

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Elon Musk Says Twitter Is ‘Trending to Breakeven' After Near Bankruptcy
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Since acquiring the company for $44 billion late last year, Musk has carried out a rocky takeover of the social media platform.

Labor attorney Shannon Liss-Riordan has filed hundreds of demands for arbitration and a proposed class action lawsuit against Twitter on behalf of affected employees. According to a, she is arguing that former Twitter employees who were laid off or forced to resign are owed more severance than Musk's team offered them.

Besides cutting costs, the company has tried to drum up new lines of revenue or income. Twitter auctioned off everything fromThe company also launched — and relaunched — an updated Twitter Blue subscription service in December, after Musk had pulled and delayed the service in November.

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