Shulou(Shulou.com)11/24 Report--

Beijing, Nov. 11 (Xinhua) the executive editor of technology news and communications service Platformer said on Twitter on Thursday that Elon Musk, the new boss of Twitter, told employees that he was not sure what the company's operating rate (based on current revenue) was, and that bankruptcy was not impossible.

Musk is attending a Twitter staff meeting, according to a person familiar with the matter. He told employees that he recently sold Tesla shares to "save Twitter". Musk has laid off about half of his employees since he took over Twitter. Part of the purpose of his staff meeting is to motivate the remaining employees to work harder.

To fund the deal to privatize Twitter, Mr Musk sold at least $3.95 billion of Tesla shares last week. He sold another 19.5 million shares of Tesla, according to documents released by the Securities and Exchange Commission on Tuesday. Before that, he sold more than $8 billion worth of Tesla shares in April and about $7 billion worth of Tesla shares in August.

Twitter has not commented.

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