Elon Musk warns of possible bankruptcy of Twitter
As it loses stems
After a chaotic day on Twitter, with the departure of top executives and a warning from a US transparency institution, Elon Musk raised the issue of the company’s bankruptcy.
In particular, the tycoon in his first mass meeting with Twitter employees, told them that he cannot rule out the possibility of bankruptcy, two weeks after the acquisition of the platform for $44 billion.
Earlier in the day, Musk sent an email to all Twitter staff, warning that the company won’t be able to ” survive the coming economic downturn ” if it can’t increase subscription revenue to offset declining advertising revenue. advertisements.
Yesterday, the head of the Trust & Safety department, i.e. the one responsible for combating hate speech, disinformation and spam, also resigned.