THE Elon Muskits new owner Twitter highlighted yesterday, Thursday, the possibility of an eventuality bankruptcy of the platform, after a chaotic day that included a warning from a US regulator, but also the departures of high-ranking company executives.
The billionaire told Twitter employees during a phone call that cannot rule out the possibility of bankruptcy.
As reported by Bloomberg News, Twitter’s financial situation is unstable, two weeks after its completion agreement to acquire it from Musk for a price of 44 billion dollars (43.26 billion euros).
Two Twitter executives, Mr Joel Roth and Robin Wheeler, who moderated a discussion with Musk on Wednesday in an effort to assuage concerns expressed by advertisers, have already resigned, according to what a img who has received relevant information told Reuters. Roth and Wheeler did not immediately respond to requests for comment. Bloomberg and tech news site Platformer first reported the two departures.
Earlier yesterday, Twitter security chief Leah Kisner said in a post that she also resigned, according to an internal message posted yesterday by a lawyer within his private group on Twitter’s internal messaging system. Reuters has read this message.
The US Federal Trade Commission (FTC) said it is watching developments at Twitter with “deep concern” following the resignations of three top executives, as they expose Twitter to the risk of potentially violating federal rules.
In the first meeting he had with the workers yesterday afternoon, Musk warned that the company could lose billions of dollars next yearas reported by technology news site The Information.
Twitter did not immediately respond to requests for comment on the potential bankruptcy, the FTC warning or the executive departures.
Wheeler has been the face of Twitter’s ads since Musk took control of the company. Roth, who was in charge of security, said that Twitter has reduced the view of harmful content in search results by 95%, compared to the situation before Musk bought the platform.
Musk, who moved without hesitation to clean up the company after the acquisition was completed on Oct. 27, has said Twitter is losing $4 million a day, largely due to advertisers leaving since he took control. .
Source: News Beast
I’m Robert Neff, a professional writer and editor. I specialize in the entertainment section, providing up-to-date coverage on the latest developments in film, television and music. My work has been featured on World Stock Market and other prominent publications.
