Elon Musk Admits His $44 Billion X Takeover ‘may Fail, As So Many Have Predicted’

 

Elon Musk Admits His $44 Billion X Takeover ‘may Fail, As So Many Have Predicted’

Instagram chief Adam Mosseri confirmed on Friday that Threads’ web version was close to a debut.

“It’s a little bit buggy right now, you don’t want it just yet,” Mosseri said. “As soon as it is ready, we will share it with everybody else.”

If X were to fail at some point, it would mark one of the costliest business disasters in history. Musk was forced to sell off a significant chunk of Tesla stock to fund the $44 billion deal.

Earlier this month, Yaccarino claimed that

X is close to breaking even from a revenue perspective following Musk’s extensive cost-cutting measures, including mass layoffs.