27 and has said the company was losing more than $4 million a day, largely because advertisers started fleeing once he took over. Musk ruthlessly moved to clean house after taking over on Oct. Twitter, Musk and Spiro did not respond to requests for comment on a potential bankruptcy, the FTC warning, or the departures. Musk added in the email to workers that remote work would no longer be allowed and that they would be expected in the office for at least 40 hours per week. In his first meeting with many employees at Twitter on Thursday afternoon, Musk warned that the company may lose billions of dollars next year, the Information reported. 'I understand that there have been employees at Twitter who do not even work on the FTC matter commenting that they could (go) to jail if we were not in compliance - that is simply not how this works,' he wrote. He stated that only Twitter, not individual employees, could be held liable against the orders.

'We spoke to the FTC today about our continuing obligations and have a constructive ongoing dialogue,' Spiro wrote. Musk attorney Alex Spiro told some employees in an email late on Thursday that Twitter would remain in compliance. These resignations potentially put Twitter at risk of violating regulatory orders.

The US Federal Trade Commission said it was watching Twitter with 'deep concern' after the three privacy and compliance officers quit. 'I'm still here,' Wheeler tweeted late on Thursday. Robin Wheeler, the company's top ad sales executive, told employees in a memo that she was staying at the company, a person who had seen the message said, diverging from earlier media reports that she too would be leaving. Bloomberg and tech site Platformer reported his exit first.Įarlier on Thursday, Twitter's Chief Information Security Officer Lea Kissner tweeted that she had quit.Ĭhief Privacy Officer Damien Kieran and Chief Compliance Officer Marianne Fogarty also resigned, according to an internal message posted to Twitter's Slack messaging system on Thursday by an attorney on its privacy team and seen by Reuters. Roth did not respond to requests for comment.

In his Twitter profile on Thursday, Roth described himself as 'Former Head of Trust & Safety' at the company. Yoel Roth, who has overseen Twitter's response to combat hate speech, misinformation and spam on the service, resigned on Thursday, two people familiar with the matter told Reuters. The billionaire on his first mass call with employees said 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.Įarlier in the day, in his first company-wide email, Musk warned that Twitter would not be able to 'survive the upcoming economic downturn' if it fails to boost subscription revenue to offset falling advertising income, three people who have seen the message told Reuters. Palo Alto, California: Twitter Inc'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 privacy regulator and the exit of the company's trust and safety leader.

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