• Twitter may not survive the oncoming economic collapse.
• Bankruptcy should not be ruled out if the company fails to increase subscription revenue.
• The company’s Chief Privacy Officer and Chief Compliance Officer both quit.

Twitter may not “survive the oncoming economic collapse,” said CEO Elon Musk in a conference call with staff. Twitter’s new owner has stated that bankruptcy should not be ruled out if the company fails to increase subscription revenue to offset the decline in ad revenue.

According to sources, several important officials, including the Chief Information Security Officer and Yoel Roth, the Head of Trust & Safety, have left the firm, leaving Twitter in chaos.

Roth was in charge of dealing with hate speech, misinformation, and spam on Twitter, and his account bio now states that he is a “Former Head” at the firm. The company’s Chief Privacy Officer and Chief Compliance Officer both quit, according to an internal Slack post. According to a source close to the situation, Robin Wheeler is now the top ad executive, at least for the time being.

Following all of these major changes within the firm, the US Federal Trade Commission (FTC) is now watching Twitter with “great concern,” especially since prominent executives have gone. These violations put Twitter at risk of getting many regulatory fines, but Musk’s attorney, Alex Spiro, claims that the current Twitter staff is engaged in “ongoing constructive engagement” on the problem.

The FTC is focusing on Twitter because the social media behemoth has previously mishandled personal information, such as providing phone numbers to marketers on the platform. Spiro’s response to the matter has been inadequate. “Elon shoots rockets into space, and he’s not afraid of the FTC,” he remarked, without explaining the relationship.

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