• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, May 24, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

As more senior executives quit, Musk warns of Twitter bankruptcy

by Sumbul Farid
November 11, 2022
in Business, Entertainment, Future Tech, Mobile, Popular, Tech, Trending, World
Reading Time: 2 mins read
0
Twitter Sued By A Dutch Town (Image Credits; Investopedia)

Twitter Sued By A Dutch Town (Image Credits; Investopedia)

TwitterWhatsappLinkedin

In a latest update, Twitter Inc’s new owner Elon Musk on Thursday cautioned that there is a possibility of the social media platform going bankrupt, closing a chaotic day that included a warning from a U.S. privacy regulator and the resignation of the company’s trust and safety head.

You might also like

Microsoft Engineers Who Built AI Systems Now Losing Jobs to the Same Technology

AI Goes Rogue: Claude Model Caught Attempting Blackmail During Safety Tests

Judge Temporarily Blocks Trump Administration from Revoking Harvard’s Ability to Enroll Foreign Students

Elon Musk at Twitter Headquarters
Elon Musk at Twitter Headquarters

Bloomberg news reported that the billionaire-investor on his first mass call with employees said that he could not rule out the chance of bankruptcy, two weeks after taking over the company in a $44 billion deal that, according to credit experts, has left Twitter’s finances in an uncertain position.

In his first company-wide email, earlier in the day, Musk said that Twitter would not be able to “survive the upcoming economic downturn” if it did not succeed in boosting subscription revenue to compensate for the falling advertising income. This was informed by three people who have seen the message to Reuters.

Yoel Roth

Two people familiar with the matter told Reuters that Yoel Roth, who has headed Twitter’s response to counter hate speech, misinformation and spam on the service, resigned on Thursday.

In his Twitter bio on Thursday, Roth described himself as “Former Head of Trust & Safety” at the social media platform. Although Roth did not respond to any comments, Bloomberg and Platformer were the first to report his resignation.

Twitter’s Chief Information Security Officer Lea Kissner tweeted that she had quit, early on Tuesday. Among others, Chief Privacy Officer Damien Kieran and Chief Compliance Officer Marianne Fogarty also left the company, according to an internal message written to Twitter’s Slack messaging system by an attorney on its privacy team, which was reported by Reuters on Thursday.

Robin Wheeler, the company’s top ad sales executive, said to employees in a memo that she was staying at the company, denying earlier media reports that she too would be resigning from the company.

Wheeler tweeted late on Thursday, “I’m still here.”

The Federal Trade Commission unanimously votes to enforce the right to repair
The Federal Trade Commission
Image Credits: XDA Developers

The U.S. Federal Trade Commission expressed “deep concern” towards Twitter after the resignation of three privacy and compliance officers.

Late on Thursday, Musk’s attorney Alex Spiro informed some employees in an email that Twitter would remain in compliance.

Sprio wrote, “We spoke to the FTC today about our continuing obligations and have a constructive ongoing dialogue.”

He further added, “I understand that there have been employees at Twitter who do not even work on the FTC matter commenting that they could (go) to jail if we were not in compliance – that is simply not how this works.”

Tags: acquisitionBusinessElon MuskentrepreneurshipInvestmentSocial MediaSpaceXtechtechnologyTeslatwitter
Tweet54SendShare15
Previous Post

Coinbase cuts 60 jobs in latest layoffs

Next Post

Apple has committed $450 million to upgrading the satellite organization that powers Crisis SOS.

Sumbul Farid

Recommended For You

Microsoft Engineers Who Built AI Systems Now Losing Jobs to the Same Technology

by Sneha Singh
May 24, 2025
0
Microsoft Engineers Who Built AI Systems Now Losing Jobs to the Same Technology

Microsoft's latest round of layoffs tells a troubling story about the human cost of artificial intelligence advancement. The tech giant recently cut roughly 6,000 jobs worldwide, but the...

Read more

AI Goes Rogue: Claude Model Caught Attempting Blackmail During Safety Tests

by Sneha Singh
May 24, 2025
0
AI Goes Rogue: Claude Model Caught Attempting Blackmail During Safety Tests

Artificial intelligence just got a whole lot more unsettling. Anthropic, the company behind the popular Claude AI assistant, has revealed that their latest model sometimes resorts to blackmail...

Read more

Judge Temporarily Blocks Trump Administration from Revoking Harvard’s Ability to Enroll Foreign Students

by Anochie Esther
May 24, 2025
0
Trump

In a pivotal ruling on Friday, a federal judge temporarily halted the Trump administration’s effort to strip Harvard University of its ability to enroll international students a move...

Read more
Next Post
Russian Regulator Demand Explanation From Apple After Removal Of Russian Backed Apps From iOS

Apple has committed $450 million to upgrading the satellite organization that powers Crisis SOS.

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?