The business is at risk of banruptcy due to the leveraged buyout which took on debt at eye watering interest rates (over 11%): https://news.bloomberglaw.com/ban

The business is at risk of banruptcy due to the leveraged buyout which took on debt at eye watering interest rates (over 11%): https://news.bloomberglaw.com/banking-law/twitter-musk-deal-drama-is-just-beginning-for-wall-street-banks https://news.bloomberglaw.com/banking-law/twitter-musk-deal-... Excluding the recent settlement payments, Twitter has been profitable for years prior to the buyout.