Twitter Could Face Bankruptcy As Musk Warns Of ‘Difficult Times Ahead’

In a recent all-hands meeting with Twitter employees, new owner, Elon Musk, announced that “bankruptcy is not out of the question” as the company continues to bleed money. While Twitter has been struggling financially for several years and has not earned a profit since 2019, the social media platform has experienced a “massive drop” in revenue as several advertisers have pulled away from the platform since Musk’s takeover two weeks ago.

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Free Speech Returns To Twitter – Musk Reduced Employees With Access To Censorship Tools From Hundreds To 15

In addition to removing Twitter’s CEO, CFO, and the head of its legal department last week, Elon Musk has also reduced the number of employees with access to Twitter’s censorship tools from hundreds to 15 according to people familiar with the situation. The move comes a week ahead of the highly anticipated midterm elections on November 8th.

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