Elon Musk Twitter

➡ Since Musk took over the company, ad revenue has significantly decreased.

Elon Musk finally spoke to the remaining employees of the company two weeks after taking control of Twitter, and his message was depressing. Musk stated during a staff meeting that Twitter is losing so much money that

Bankruptcy is not out of the question.

The Information and Platformer reported.

Since Musk took control of the company in 2019, Twitter has not made a profit, and advertisers have stopped using the platform as a result. Musk claimed during the all-hands meeting that Twitter

Net negative cash flow of several billion dollars.

According to The Information, in 2023. He also said that the success of the redesigned Twitter Blue subscription service will determine Twitter’s future.

The reason we’re going hardcore on subscribers is to keep Twitter alive, he said.

The company’s previous “work from anywhere” policy has been reversed, according to Musk, who also reiterated to employees that they are expected to work from Twitter’s office. He said, according to Platformer’s Zoe Schiffer,

If you can physically make it to an office and you don’t show up, resignation accepted.

Top Twitter executives who avoided Musk’s layoffs are also leaving the company at a rapid rate.

Recently, the company’s chief privacy officer, chief information security officer, and chief compliance officer all announced their resignations, putting the company at risk of additional FTC penalties.

Elon Musk Twitter

Additionally, according to Bloomberg, two other well-known executives, VP of client solutions Robin Wheeler and head of trust and safety Yoel Roth, resigned on Thursday.

Read more:
“Content is actually improving, not getting worse,” Elon Musk tells Twitter advertisers

Just one day prior, the two had joined Musk in a town hall intended to reassure Twitter’s advertisers.

The new Blue subscription’s rollout, meanwhile, has been bumpy. After introducing and swiftly eliminating a different

“official” checkmark, there’s been a surge in scammers and pranksters impersonating politicians, celebrities, and brands. Musk reportedly told employees that rooting out scammers abusing the checkmark was a “top priority.”

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