Bloomberg Law
Nov. 7, 2022, 9:17 PM

Twitter’s Big Debt Bills Add Urgency to Musk’s Turnaround Plans

Kurt Wagner
Kurt Wagner
Bloomberg News

Elon Musk has wasted no time in transforming Twitter Inc. since buying the company for $44 billion on Oct. 27. He’s fired most of the senior executive team, including the chief executive officer and the chief financial officer; fired about half the staff over email; has told people at the company he’ll repeal its work-from-anywhere policy, forcing employees back to the office after years of remote work; and proposed changes to try to pull in significantly more revenue from the company’s fledgling subscription service.

There’s a reason for the urgency: Twitter has big new bills to pay. The deal was a leveraged buyout, ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.