X (Twitter) to file for bankruptcy in 2024?
Market Rules
According to media reports, X's former CEO Elon Musk addressed employees of the company in 2022 stating that bankruptcy was a possible scenario for Twitter and that his idea of a subscription service, Twitter Blue, was relevant to increase the company's revenues. The drastic decrease in advertisement revenue since the company went private also drives conversations on the company's commercial feasibility.
If by December 31, 2024, Twitter files for bankruptcy protection through the mechanisms of the US Bankruptcy Code this market will resolve to “Yes”.