'Twitter has a lot of problems as soon as Musk buys it, maybe in a second he will sell the company.'
There are too many stories about Elon Musk and the company he just bought, Twitter Inc, but one of the most attention-grabbing is the possibility of Burung Biru falling into bankruptcy as early as next year.
The statement came from the mouth of the world's richest billionaire himself during his first mass call with employees since the official $44 billion acquisition of the company a few weeks ago.
Musk appeared to make no secret of his doubts about Twitter's ability to 'survive in the face of economic gloom' with the company facing financial issues, problems with regulators and executive layoffs.
It is understood that Twitter has now lost the Head of the Trust and Security Division, Yoel Roth who is said to have resigned because he was not 'on board' with the changes brought by Musk.
The Trust and Safety Division is a key department that curbs hate speech, misinformation and spam on the Twitter service, and Musk's approach to free speech is seen as contradictory.
In addition, Twitter's Chief Information Security Officer, Lea Kissner, is also said to have resigned, including the Chief Privacy Officer and Chief Compliance Officer.
So far the individuals have not issued any follow-up statements.
In the meantime, the United States Federal Trade Commission (FTC) is said to continue to examine Twitter following the termination of the 3 executives.
This is because the resignation has the potential to violate regulatory orders, after Twitter was found to be laying off large-scale workers without notice.
If Twitter is found guilty, the FTC could impose fines as the company faces $13 billion in debt and interest payments of about $1.2 billion that must be settled over the next 12 months.
