Musk reportedly told Twitter staff that bankruptcy isn't out of the question at all-hands meeting

Published November 10, 2022 2:03 PM, by TJ Denzer

As we trek through another day in Twitter’s Elon Musk-led era, things are reportedly a bit dire behind closed doors. Elon Musk and other management are said to have called an emergency meeting with all employees, and in said meeting, Musk took a number of questions and concerns by employees. In that conversation, the health of the company came up and Elon reportedly said that Twitter might be in threat of bankruptcy if things don’t improve.

This emergency all-hands meeting reportedly took place on November 10, 2022, with various sources reporting on the details, including Platformer’s Zoë Schiffer and NYT’s Mike Isaac. It was in the meeting that Elon Musk answered various questions about the state of the company, what comes next, and how certain Twitter’s future is. Specifically, Elon Musk made a grim prediction if the company should fail to shape up to his expectations.

“Bankruptcy isn’t out of the question,” Elon Musk reportedly told employees.

This comes after a number of important staff just resigned and left Twitter, including its CISO, Chief Privacy Officer and Chief Compliance Officer. This also comes on top of a highly controversial rollout of Twitter Blue, which included axing the new official Verification checkmark system on Twitter. The situation at Twitter certainly hasn't simplified much since Musk took over. In fact, in many cases, it now seems to be more complicated and Musk’s words today regarding bankruptcy may be seen as indicative of that chaos.

Nonetheless, Musk continues to steer the Twitter ship. Whether the company actually faces bankruptcy or not remains to be seen. That said, there’s likely plenty more activity coming from Elon’s Twitter as he tries to make the company profitable. Stay tuned for further updates.