Its new owner Twitter, Elon Musk, highlighted on Thursday the possibility of an eventual bankruptcy of the mentioned social networking platform
All this comes after another chaotic day, which included a warning from a US regulator and the departure of senior executives at the company.
The billionaire told Twitter employees during a phone call that cannot rule out the possibility of bankruptcy.
As he reported it Bloomberg News, its financial situation Twitter Inc is volatile, two weeks after Musk completed a deal to buy it for $44 billion (€43,26 billion).
Two Twitter executives, Mr Joel Roth and Robin Wheeler, who moderated a discussion with Musk on Wednesday in an effort to assuage concerns raised by advertisers, have already resigned, according to what he told the Reuters a source that has received relevant information.
Ο Roth and Wheeler did not immediately respond to requests for comment. Bloomberg and tech news site Platformer first reported the two departures.
Earlier Thursday, Twitter's security chief, Leah Kisner, said in a post that she also resigned.
The Federal Trade Commission of USA (FTC) announced that it is following developments at Twitter with "deep concern" following the resignations of three high-ranking executives, as they expose Twitter to the risk of possible violations of federal rules.
In his first meeting with employees on Thursday afternoon, Musk warned that the company is likely to lose billions of dollars next year, the tech news site reported The Information.
Twitter did not immediately respond to requests for comment on the potential bankruptcy, the FTC warning or the executive departures.
Wheeler has been the face of Twitter's ads since Musk took control of the company. Roth, who was in charge of security, said that Twitter has reduced the view of harmful content in search results by 95%, compared to the situation before Musk bought the platform.
Musk, who moved without hesitation to clean up the situation at the company after completing its acquisition on October 27, has said that Twitter Inc has financial losses of 4 million per day, mainly due to the departure of advertisers since he took control.
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