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Elon Musk warns of Twitter bankruptcy

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Elon Musk has warned that a Twitter bankruptcy is a possibility

Twitter boss Elon Musk says bankruptcy is not out of the question as he attempts to make his mark on the social media platform.

Musk has reportedly held an all-hands meeting with Twitter employees, in an attempt to find solutions and breathe life back into into the company.

The new owner says his company has financial problems so serious that “bankruptcy is not out of the question”, if Twitter doesn’t start generating significantly more revenue.

Musk purchased the tech platform for a whopping $44 billion. He’s hoping it will have a “net negative cash flow of several billion dollars” by 2023.

He warned employees “without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn”.

Musk claims Twitter is losing more than $4 million per day. This is as it suffers through a “massive drop in revenue” largely due to companies pausing advertisement deals.

Musk hopes a subscription model will heal Twitter’s financial woes.

The $8-per-month plan for blue ticks likely won’t make much of a dent in the company’s debt payments.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Leading podcast cuts through finance commentary noise

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With so much financial commentary out there, how do you find clarity?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by host of ‘This Is Money’ Podcast, Glen James. #wyld money #trending

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Will slashing immigration curb the housing crisis?

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The Australian Coalition has revealed its strategy to tackle the housing crisis by reducing migration numbers.

Opposition Leader Peter Dutton’s proposal to cut immigration by a quarter aims to tackle the housing crisis but has been met with skepticism for overlooking deeper structural issues.

Mark Wyld from MW Wealth joins to discuss. #trending #featured #wyld money

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Apple Music’s controversial top 10 albums of all time

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Apple Music has released its highly anticipated “100 Best Albums of All Time” list, with the top 10 rankings causing a bittersweet symphony of destruction for some music lovers.

The list was curated by a panel of experts and based on various factors including cultural impact, critical acclaim, and commercial success, with the aim to celebrate the most influential and timeless albums across genres.

As reported by the official Apple Music Newsroom blog post, the top ten best albums of all time are the following:

10. Lemonade (2016), Beyoncé

9. Nevermind (1991), Nirvana 

8. Back to Black (2006), Amy Winehouse

7. good kid, m.A.A.d city (2012), Kendrick Lamar

6. Songs in the Key of Life (1976), Stevie Wonder

5. Blonde (2016), Frank Ocean

4. Purple Rain (1984), Prince & The Revolution

3. Abbey Road (1969), The Beatles

2. Thriller (1982), Michael Jackson

1. The Miseducation of Lauryn Hill (1998), Lauryn Hill

In other news, Apple recently became the first company to hit a $3 trillion stock market value, before falling just below that milestone, as reported by Reuters.

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