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Twitter’s new boss Elon Musk has warned employees that the company’s “bankruptcy is not out of the question” as the social media platform hemorrhages money.
Musk reportedly issued the warning to staff at a recent all-hands meeting with Twitter employees.
According to Musk, Twitter, which hasn’t turned a profit since 2019, has seen a “massive drop” in revenue as “ woke ” advertisers pause spending campaigns to protest his free speech plans for the platform.
During the meeting, Musk also suggested that the company’s future depends on the success of the revamped $8 per month Twitter Blue subscription service.“The reason we’re going hardcore on subscribers is to keep Twitter alive,” Musk said, according to The Information . “Without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn,” he warned.Musk also announced that Twitter’s “work from anywhere” policy is now canceled.He told Platformer that employees were […]
Read the rest of this story here: slaynews.com
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