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Elon Musk does not rule out Twitter bankruptcy, as massive resignations of managers continue

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After sending an email to his employees that “hard times lie ahead”, Elon Musk this Thursday I met them in person to warn them Twitter’s failure cannot be ruled outwhich undergoes the massive resignations of many of its administrators.

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“We can’t rule out filing for bankruptcy,” he said at a meeting with workers at the San Francisco headquarters. Also, she reminded them that remote work is prohibited if he does not approve and everyone must go back to the offices, otherwise they will be fired.

Musk, who last Friday said the company was losing $ 4 million a day and now admits he sold 19.5 million shares (for nearly $ 4 billion) of his electric car company Tesla for ” save “Twitter, he already Doesn’t seem so sure he can.

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If he sent a message to all employees on Wednesday acknowledging that “the economic outlook is alarming,” he told them on Thursday that the company urgently needed to convince users to pay the $ 8 required for verified accounts, an idea. very controversial and which generates controversy in the network itself.

The advertisers, for their part, have not been clear about Musk’s plans and there have been several – including General Motors or Volkswagen – who, out of prudence they withdrew their advertising until you have an idea of ​​the future of the platform.

For its part, the Federal Trade Commission intervened Thursday, via a spokesperson, and said it was following the latest developments on Twitter closely “with deep concern”, reminding Musk that “no CEO is above the law” and has stressed that having sufficient tools “to ensure compliance” with regulations.

Mass resignation of executives on Twitter

This climate of uncertainty within American society has strengthened in recent days with the resignation of several directors. Among them, Robin Wheeler and Yoel Roth, who has been listed as an emerging Twitter star and to whom Musk had dedicated several tweets.

Both Roth and Wheeler had accompanied the billionaire in his first steps on Twitter as a sole proprietorship and had helped him to outline a new content moderation policy that was intended to reassure users, but especially advertisers, the main source of income for that. social network.

However, now those two names add to the abandonment of other executives: Lea Kissner, Damien Kieran and Marianne Foggerty, who have passed to be the heads of the user security units.

Of them, only Lea Kissner has communicated her decision. “I made the difficult decision to leave Twitter. I have had the opportunity to work with amazing people and I am so proud of the privacy, IT and security teams. I can’t wait to find out what comes next,” he said. tweeted.

The New York Post newspaper did not hesitate to describe what happened as “abandonment of a sinking ship”.

With information from EFE.

Source: Clarin

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