"A day of chaos brings Twitter closer to the brink"
https://www.cnn.com/2022/11/11/tech/twitter-chaos-musk/index.html
"Exodus continues at Twitter as Elon Musk hints at possible bankruptcy"
"Under the company’s settlement with the FTC, Twitter is required to
perform privacy reviews before it makes any changes to its products. But
in a letter posted to Slack by an attorney on the company’s privacy team
and reported by the Verge, the author says that they heard the company’s
head of legal, Alex Spiro, “say that Elon is willing to take on a huge
amount of risk in relation to this company and its users, because ‘Elon
puts rockets into space, he’s not afraid of the FTC.’” The company’s legal team is now asking engineers to “self-certify” that their features comply with FTC rules and privacy standards, according to the Verge."
"Exodus continues at Twitter as Elon Musk hints at possible bankruptcy"
"The departures compound the issues plaguing the social media platform
since Musk bought it. Musk’s takeover and the resultant confusing back-and-forth on product launches and content moderation policies have
led many brands including General Mills to pause ad buys on Twitter – a development the billionaire attempted to rectify in the live stream for advertisers. The duo leading the live stream, Roth and Wheeler, have now
both left the company.
“So the two people Elon brought forward to talk with advertisers in an attempt to convince them to keep partnering with the company just quit,” tweeted Rashad Robinson, the president of Color of Change."
https://www.theguardian.com/technology/2022/nov/10/exodus-twitter-elon-musk-possible-bankruptcy
Because of the way it's dragging down his Tesla stock a Twitter bankruptcy might be his least expensive way out of this mess.
TB
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