Twitter's new owner Elon Musk on Thursday expressed the possibility of the social media platform going bankrupt. According to the report, the world's richest man Elon Musk has told Twitter employees that the possibility of bankruptcy of the company cannot be ruled out.
Musk bought the micro-blogging platform Twitter two weeks ago for $44 billion. After this deal, credit experts said that this expensive deal is going to have a direct impact on the financial condition of Twitter.
A person familiar with the matter told Reuters that two of Twitter's top executives, Joel Roth and Robin Wheeler, have resigned from their posts. He moderated a Twitter space chat with Musk on Wednesday to try to assuage concerns about advertisers turning away. It is being told that Roth and Wheeler have not commented on the questions asked about it so far.
Earlier on Thursday, Twitter's Chief Security Officer Lee Kissner tweeted that she was resigning from her position. Not only this, Chief Privacy Officer Damien Kieran and Chief Compliance Officer Marianne Fogarty have also designed. All these resignations have also pointed to the poor financial condition of Twitter.
The US Federal Trade Commission says it is monitoring Twitter following the resignation of the privacy and compliance officer. These resignations put Twitter at risk of violating regulatory orders. On Thursday, Musk had his first meeting with Twitter employees.
According to media reports, he said during this meeting that the company may lose billions of dollars next year. However, there was no response from Twitter to questions about possible bankruptcy, FTC warnings, or resignations.
After buying Twitter on October 27, Elon Musk has taken one big decision after another. From the top executives to many other employees working in the company, they were thrown out of the company. Now Elon Musk says that as soon as they took over the command of the company, the advertisers thought it right to leave us instead of supporting us. Because of this Twitter is losing $ 4 million every day.
