{"id":1735323,"date":"2022-11-11T12:48:36","date_gmt":"2022-11-11T17:48:36","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1735323"},"modified":"2022-11-11T12:48:40","modified_gmt":"2022-11-11T17:48:40","slug":"musk-warns-of-twitter-bankruptcy-as-senior-executives-quit","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/musk-warns-of-twitter-bankruptcy-as-senior-executives-quit\/","title":{"rendered":"Musk Warns of Twitter Bankruptcy as Senior Executives Quit"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmusk-warns-of-twitter-bankruptcy-as-senior-executives-quit%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1735323&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Katie Paul and Paresh Dave<\/p>\n<p>(Reuters)\u2014Twitter Inc&#8217;s new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a U.S. privacy regulator and the exit of the company&#8217;s trust and safety leader.<\/p>\n<p>The billionaire on his first mass call with employees said that he could not rule out bankruptcy, Bloomberg News reported, two weeks after buying it for $44 billion\u2014a deal that credit experts say has left Twitter&#8217;s finances in a precarious position.<\/p>\n<p>Earlier in the day, in his first company-wide email, Musk warned that Twitter would not be able to &#8220;survive the upcoming economic downturn&#8221; if it fails to boost subscription revenue to offset falling advertising income, three people who have seen the message told Reuters.<\/p>\n<p>Yoel Roth, who has overseen Twitter&#8217;s response to combat hate speech, misinformation and spam on the service, resigned on Thursday, two people familiar with the matter told Reuters.<\/p>\n<p>In his Twitter profile on Thursday, Roth described himself as &#8220;Former Head of Trust &#038; Safety&#8221; at the company.<\/p>\n<p>Roth did not respond to requests for comment. Bloomberg and tech site Platformer reported his exit first.<\/p>\n<p>Earlier on Thursday, Twitter&#8217;s Chief Information Security Officer Lea Kissner tweeted that she had quit.<\/p>\n<p>Chief Privacy Officer Damien Kieran and Chief Compliance Officer Marianne Fogarty also resigned, according to an internal message posted to Twitter&#8217;s Slack messaging system on Thursday by an attorney on its privacy team and seen by Reuters.<\/p>\n<p>Robin Wheeler, the company&#8217;s top ad sales executive, told employees in a memo that she was staying at the company, a person who had seen the message said, diverging from earlier media reports that she too would be leaving.<\/p>\n<p>&#8220;I&#8217;m still here,&#8221; Wheeler tweeted late on Thursday.<\/p>\n<p>The U.S. Federal Trade Commission said it was watching Twitter with &#8220;deep concern&#8221; after the three privacy and compliance officers quit. These resignations potentially put Twitter at risk of violating regulatory orders.<\/p>\n<p>Musk attorney Alex Spiro told some employees in an email late on Thursday that Twitter would remain in compliance.<\/p>\n<p>&#8220;We spoke to the FTC today about our continuing obligations and have a constructive ongoing dialogue,&#8221; Spiro wrote.<\/p>\n<p>He stated that only Twitter, not individual employees, could be held liable against the orders.<\/p>\n<p>&#8220;I understand that there have been employees at Twitter who do not even work on the FTC matter commenting that they<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Katie Paul and Paresh Dave (Reuters)\u2014Twitter Inc&#8217;s new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a U.S. privacy regulator and the exit of the company&#8217;s trust and safety leader. The billionaire on his first mass call with [\u2026]<br \/>\nThe post Musk Warns of Twitter Bankruptcy as Senior Executives Quit appeared first on Washington Free Beacon.<\/p>\n","protected":false},"author":66,"featured_media":1735326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-1735323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1735323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1735323"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1735323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1735326"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1735323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1735323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1735323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}