Raised the new owner of Twitter Elon MuskYesterday, Thursday, the social media platform could go bankrupt, capping a chaotic day that included a warning from US regulatory authorities and the departure of the company’s trust and safety officer.
In his first group chat with employees, the billionaire said he couldn’t rule out bankruptcy, two weeks after he bought the platform for $44 billion, a deal that credit experts say left Twitter’s finances in a precarious position, Bloomberg News reported.
Earlier Thursday, in his first company-wide email, Musk warned that Twitter would not be able to “survive the next economic recession” if it failed to raise subscription revenue to offset falling advertising income, according to three sources briefed on the matter. On the message to “Reuters”.
Separately, two people familiar with the matter told Reuters that Yoel Roth, who oversaw Twitter’s response to combating hate speech, disinformation and spam, resigned on Thursday.
On his Twitter profile, Roth described himself as the “former in charge” of trust and safety in the company. Bloomberg and technology website Platformer first reported his departure.
Also earlier, Twitter’s chief information security officer, Leah Kessner, tweeted that she had resigned from her position. Chief Privacy Officer Damien Keran and Chief Compliance Officer Marianne Fogarty have also resigned, according to an internal letter posted on the Slack messaging platform Thursday by a lawyer on the company’s privacy team and seen by Reuters.
Robin Wheeler, the company’s chief advertising sales officer, also told employees in a note that he was still at the company, while media reports said he was also leaving.
“I’m still here,” Wheeler wrote on Twitter late Thursday.
Meanwhile, the US Federal Trade Commission said it was watching Twitter with “deep concern”, after the resignations of the three privacy and compliance officials. These resignations could put Twitter at risk of violating regulatory orders.
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