Twitter suffered additional senior executive departures as owner Elon Musk said bankruptcy is a possibility for the company
Twitter Inc. suffered additional senior executive departures as owner Elon Musk said bankruptcy is a possibility for the company, adding to the chaos that has engulfed the social media platform in the two weeks since the billionaire took it over.
Mr. Musk’s bankruptcy comment came in an all-hands meeting with Twitter’s staff on Thursday, according to people familiar with the matter, on the heels of a memo to employees in which he warned of the “dire” economic challenges facing the company. During the meeting, Mr. Musk also spoke about ending remote work for most Twitter employees, saying they needed to come to the office if able, the people said. He also gave the first public explanation for his recent sale of Tesla Inc.
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