As more of Twitter’s top executives leave, Elon Musk says the company will soon go bankrupt.

After a hectic day that included a warning from a US privacy regulator and
the departure of the company’s trust and safety chief, Twitter Inc’s new
owner Elon Musk raised the potential of bankruptcy for the social media
site on Thursday.

Two weeks after purchasing Twitter for $44 billion, Bloomberg News reported
that the company’s finances were in jeopardy due to comments made by the
billionaire owner on his first company-wide call.

Earlier in the day, Musk sent his first company-wide email, in which he
expressed concern that Twitter would “survive the upcoming economic
downturn” if it did not increase subscription revenue to compensate for
falling advertising income, according to three people with knowledge of the
email which spoke with Reuters.