Twitter Could Go Bankrupt as More Top Officials Resigns

twitter-could-go-bankrupt-as-more-top-officials-resigns

Highlights

  • Following the resignation of several top executives, Elon Musk has raised the possibility of the platform going bankrupt.
  • According to the tesla tycoon, the site is losing $4 million every day.
  • Yoel Roth, the head of trust and safety, Damien Kieran, the chief privacy officer, and Marianne Fogarty, the chief compliance officer, have all resigned from their positions.

Elon Musk, the new ceo of Twitter, on Thursday warned that Twitter may go bankrupt as more senior executives leave the company.

According to sources, Musk informed Twitter employees on a conference call that he could not rule out the platform’s bankruptcy.

Yoel Roth, who oversaw Twitter’s efforts to tackle spam, disinformation, and hate speech on the service, announced his resignation on Thursday.

Damien Kieran, Twitter’s chief privacy officer, and Marianne Fogarty, its chief compliance officer, also submitted their resignations, according to an internal message shared on Twitter’s Slack messaging platform.

In the meeting held on Thursday, Twitter’s new owner also declared that the firm would no longer permit remote work, implying that anyone who failed to show up in person for work would be fired.

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