November 11, 2022

Elon Musk raised possibility of Twitter Going bankrupt

Elon Musk in a meeting warned that the company may

lose billions of dollars next year.

Twitter’s Chief Information Security Officer, Chief Privacy Officer and Chief Compliance Officer have

reportedly resigned .

Departure of senior employees has

raised concerns

about the company’s ability to keep its platform secure and comply with regulations, as per a Bloomberg report.

The U.S. Federal Trade Commission said it was watching Twitter with

"deep concern"

after the three privacy and compliance officers quit.

He previously claimed the company was losing more than

$4 million a day

because advertisers left the company after the acquisition.

After the acquisition, Twitter has

$13 billion in debt

and faces interest payments totalling close to $1.2 billion in next 12 months.

Musk has started charging

$8 per month

for its Twitter Blue service.