Twitter On The Verge Of Bankruptcy As Top Officials Resign: Elon Musk

Twitter’s new chief Elon Musk suggested on Thursday that Twitter might go bankrupt as more senior executives leave the company.

The warning occurred amid a turbulent beginning to Musk’s leadership at the social media business, a two-week period during which he dismissed half of Twitter’s personnel, ousted the majority of the senior executives, and ordered the remaining staff to stop working from home.

Two weeks after buying the company for a whopping $44 billion, Musk told Twitter employees on a conference call that he could not rule out bankruptcy, according to media reports.

Yoel Roth and Robin Wheeler, who moderated a Twitter Spaces discussion with Elon Musk on Wednesday as he attempted to allay advertisers’ fears, had quit. Requests for response from Roth and Wheeler were not immediately entertained.

Thursday morning, Lea Kissner, Twitter’s chief security officer, tweeted her resignation, “I’ve made the hard decision to leave Twitter. I’ve had the opportunity to work with amazing people and I’m so proud of the privacy, security, and IT teams and the work we’ve done.”

According to an internal statement posted on Twitter’s Slack chat system on Thursday by an attorney on its privacy team and reviewed by Reuters, Chief Privacy Officer Damien Kieran and Chief Compliance Officer Marianne Fogarty both quit.