The billionaire told Twitter employees on a call that that he could not rule out bankruptcy, Bloomberg News reported, two weeks after buying it for US$44 billion — a deal that credit experts say has left Twitter's finances in a precarious position.
The US Federal Trade Commission said it was watching Twitter with"deep concern" after these three privacy and compliance officers quit. These resignations potentially put Twitter at risk of violating regulatory orders. Mr Wheeler was the face of Twitter for advertising after Mr Musk took over. Mr Roth, who was head of safety and integrity at Twitter, has said Twitter had reduced views of harmful content in search results by 95 per cent compared to before Mr Musk's acquisition.
Mr Musk announced plans to cut half its workforce last week, promised to stop fake accounts and is charging US$8 a month for the Twitter Blue service that will include a blue check verification."We are tracking recent developments at Twitter with deep concern," Mr Douglas Farrar, the FTC's director of public affairs, told Reuters.
In the internal note cited above, the attorney mentioned hearing Twitter's legal chief Alex Spiro say that Mr Musk was willing to take a"huge amount of risk" with Twitter."Elon puts rockets into space, he's not afraid of the FTC," the attorney quoted Mr Spiro as saying.
no one in history has run something into the ground so quickly
elonmusk
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