Musk warns of Twitter 'bankruptcy' as key executives quit

The US FTC is monitoring the company with 'deep concern'

clock • 4 min read
Elon Musk warns of Twitter 'bankruptcy' as key executives quit
Image:

Elon Musk warns of Twitter 'bankruptcy' as key executives quit

Twitter may go bankrupt, said new owner Elon Musk, capping a chaotic day that saw three senior executives quit the company and the US regulator send a warning.

According to Bloomberg News, Musk told Twitter employees on a call that the company was losing so much money that bankruptcy was not out of the question. After acquiring Twitter for $44 billion ...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
CMA invites comments on Microsoft and Amazon AI partnerships

Legislation and Regulation

Regulator has warned against Big Tech's growing AI dominance

clock 25 April 2024 • 3 min read
ICO breaks silence on Bank of America fraud case

Legislation and Regulation

Data regulator has maintained a 'no comment' policy for months

clock 11 April 2024 • 3 min read
Musk's X pushed fake Iran-Israel headline generated by AI chatbot Grok

Threats and Risks

AI-generated story that Iran had fired missiles at Tel Aviv were amplified by X's own systems

clock 08 April 2024 • 2 min read

More on Corporate

Critics dismiss Broadcom's 'anti-cloud' licencing changes for VMware

Critics dismiss Broadcom's 'anti-cloud' licencing changes for VMware

Trade body CISPE demands EU investigation

clock 23 April 2024 • 3 min read
Stability AI cutting staff in the name of restructuring

Stability AI cutting staff in the name of restructuring

Following the departure of CEO Emad Mostaque, UK AI unicorn is shedding employees

Muskan Arora
clock 19 April 2024 • 1 min read
More layoffs at Google, as company fires protesters

More layoffs at Google, as company fires protesters

28 terminated over Israel protest

John Leonard
clock 18 April 2024 • 1 min read