Elon Musk raised possibility of Twitter Going bankrupt

Elon Musk in a meeting warned that the company may lose billions of dollars next year.

[{"selector":"#anim-0adfb049-11a9-4c4a-9b1b-8f13823d8a69","keyframes":{"transform":["translate3d(117.74744%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d76b5ec2-a5b2-41b4-bfbb-40a4f9bffcce","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0a128ea5-ffed-47d9-8cac-0ed17a07968f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

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

[{"selector":"#anim-931b79a3-2982-457c-9a4a-1ac8d03ed060","keyframes":{"transform":["translate3d(119.01408%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6abc1703-5509-4cd9-b3d4-1f9e0dfcd273","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-22907368-04e5-498e-9226-504e77477587","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Learn more

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.

[{"selector":"#anim-bc4b2d80-9936-464a-9c42-166ebcc712d0","keyframes":{"transform":["translate3d(123.04965%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-84bcbe6c-ade0-42dd-81ef-fbdfdd0dde55","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-28163daa-2641-4578-87d1-3088537a4ad2","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

The U.S. Federal Trade Commission said it was watching Twitter with "deep concern" after the three privacy and compliance officers quit.

[{"selector":"#anim-34622560-6592-4473-9e1b-ba26ea7aa2e1","keyframes":{"transform":["translate3d(131.32075%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-82bbdab9-c542-46b6-be3c-d1efe6872c97","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c18c8584-0878-41aa-bdf5-070de28c3cb6","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-805a1e03-21c9-458e-8ca4-0caf3c4329cf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(56.54000723859812%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

He previously claimed the company was losing more than $4 million a day because advertisers left the company after the acquisition.

[{"selector":"#anim-2a3d547a-5d6a-4f9b-ba1e-6bd718b24476","keyframes":{"transform":["translate3d(115.46052%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3fa9fdc1-aa94-4a32-a73b-160640fa3101","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b05d97f-4f53-4f5c-b0ff-b1e8f0ca9094","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Learn more

After the acquisition, Twitter has $13 billion in debt and faces interest payments totalling close to $1.2 billion in next 12 months.

[{"selector":"#anim-ed66e3b6-b744-48fa-92cc-0702bb27e754","keyframes":{"transform":["translate3d(123.38130%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-33a2e514-d85a-44b7-be0e-dfb92f748ce0","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f78b1b7d-c959-4694-86da-143786065982","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-ddc697d9-824d-4dfc-a20c-12cb812fa46b","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1758d1ce-64ee-48fb-a1dd-3c02e3f7f02f","keyframes":{"transform":["translate3d(-100.48544%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Musk has started charging $8 per month for its Twitter Blue service.

[{"selector":"#anim-124397b5-0c98-4901-8de1-e3ad6cc4770c","keyframes":{"transform":["translate3d(530.59690%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-5b9e24b7-8e1c-4f9e-be30-2ff824aeb65e","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] [{"selector":"#anim-809f3b01-bb18-43b4-96f8-c968f54516a7","keyframes":{"opacity":[0,1]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0d4c55db-2dbc-4172-ba71-647ad070c54c","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] More crypto stories...