Musk warns of Twitter bankruptcy as senior executives quit, advertisers flee

Musk warns of Twitter bankruptcy as senior executives quit, advertisers flee

Elon Musk's twitter account is seen on a smartphone in front of the Twitter logo in this photo illustration taken, April 15, 2022. REUTERS/Dado Ruvic/Illustration

Twitter’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 US regulator and departures of senior executives viewed as future leaders.

The billionaire told Twitter employees on a call that he could not rule out bankruptcy, Bloomberg News reported, two weeks after buying it for $44 billion—a deal that credit experts say has left Twitter’s finances in a precarious position.

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