Elon Musk, Twitter’s new owner and newly CEO, revealed to employees in a mass call that bankruptcy of the social media should not be ruled out. The announcement comes hours after a mass e-mail, in which Musk warned that the company might not “survive the upcoming economic downturn” if it fails to boost subscription revenue to offset the diminishing income from advertising. Reuters reports that the disarray in Twitter was also fueled by the exit of key executives, including the Chief Information Security Officer and Yoel Roth, the Head of Trust & Safety. Roth was overseeing Twitter’s...
Source: https://www.gsmarena.com/twitter_could_go_bankrupt_musk_warns_employees-news-56489.php
