Raised the new owner of Twitter Elon MuskYesterday, Thursday, the social media platform could go bankrupt, closing a chaotic day that included a warning from U.S. regulators and the departure of the company’s trust and security 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.
On Thursday, in his first corporate-wide email, Musk warned that Twitter wouldn’t be able to “survive the next economic downturn” if it didn’t increase subscription revenue to offset the drop in ad revenue, according to three informed sources. on the matter. the message to “Reuters”.
Separately, two people familiar with the matter told Reuters that Yoel Roth, who oversaw Twitter’s response to the fight against hate speech, disinformation and spam, resigned on Thursday.
On his Twitter profile, Roth described himself as the “former manager” of trust and security in the company. Bloomberg and the tech website Platformer first reported his departure.
Also earlier, Twitter’s head of information security Leah Kessner tweeted that she resigned from her position. Chief Privacy Officer Damien Keran and Chief Compliance Officer Marianne Fogarty also resigned, according to an internal letter posted Thursday on the Slack messaging platform by an attorney from the company’s privacy team and viewed by Reuters.
Robin Wheeler, the company’s head of advertising sales, also told employees in a statement that he was still at the company, while the media claimed he would be leaving too.
“I’m still here,” Wheeler tweeted late Thursday.
Meanwhile, the US Federal Trade Commission said it was viewing Twitter with “deep concern” after the three privacy and compliance officials resigned. These resignations could put Twitter at risk of violating regulatory orders.
