Advertisers are still fleeing Twitter and Twitter is still in deep trouble

It’s Wednesday Twitter’s still in trouble and money is tight for the social media giant. According to reports, more than 500 big time advertisers have fled the company all together following Elon Musk ‘s disastrous takeover. According to the Financial Times, the company has been left with some ‘unpalatable options’ on the table as it seeks to stop an uncertain future. To make matters worse for the company — its debt payments are also coming due at the end of the month which amount to about $1.5B a year.

Critics are exercising concern that the company may soon end up in bankruptcy proceedings if it fails to make the first massive debt payment later this month.