Kathmandu: Elon Musk recently expressed his concerns about Twitter's financial situation, stating that the platform is still facing losses. He attributed this ongoing struggle to a combination of high debt and a significant decline in advertising revenue. In response to a suggestion from a Twitter user that Musk should assemble a consortium to purchase Twitter's debt, he highlighted the company's financial discomfort.

Musk took to Twitter to address the issue, stating, "We're still experiencing negative cash flow, primarily due to a substantial drop of around 50% in advertising revenue, along with a heavy debt burden. We need to achieve positive cash flow before we can consider anything else."

Meanwhile, Meta (formerly known as Facebook) has introduced a new feature called Threads, which bears similarities to Twitter. As discussions surrounding the financial state of Twitter intensified, rumors began circulating on social media platforms, including Facebook and Twitter itself, about a potential cage fight between Elon Musk and Mark Zuckerberg. These rumors quickly went viral and attracted significant attention.

In a surprising turn of events, Elon Musk announced his decision to acquire Twitter for a staggering amount of $44 billion USD. This unexpected acquisition by Musk has sparked widespread speculation and interest in the tech and social media industries. It remains to be seen how this acquisition will impact the future of Twitter and whether Musk's involvement will help steer the platform towards profitability and growth.