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Musk says he saved Twitter from bankruptcy and is on the way to the "break-even point"
Musk closed a US$44 billion deal for Twitter last year, which gave him control of the company at US$54.20 per share. Also last year, he became the first person in history to have US$200 billion wiped from his fortune, according to Bloomberg's Billionaires Index.
Since the acquisition, Musk has openly and frequently discussed the possibility of Twitter's bankruptcy. Nevertheless, the platform made its first interest payment on the US$12.5 billion debt that the new owner used to take it private last year, reinforcing confidence in its ability to avoid bankruptcy in the short term.