Twitter going bankrupt? High level execs also leave the company

Things are stirring at Twitter offices and Elon himself gave the message that things aren't looking good.

With all the controversy surrounding Twitter nowadays, it’s no surprise that more executives are biting the dust. Furthermore, Elon Musk has told Twitter staff that Twitter may be headed for bankruptcy in the wake of controversy that has seen numerous advertisers pulling their ads from the platform, resulting in millions in potential losses for the company.

In the lead-up to his official purchase of Twitter, Musk stated that Twitter was actively hiding information from him, which initially seemed to be centered around the bots on the platform that give advertisers a false impression that their ads are reaching a lot of people’s eyes and ears. A free platform that depends on ads simply cannot exist if advertisers find out that the money they’re spending on ads is going to waste because their perceived ‘audience’ is not even real.

This is one of the primary reasons behind the changes to Twitter blue, the ‘premium’ membership on the platform. With a higher price tag and the promise of a ‘blue check’ of verification on all real users who subscribe to the platform, this ensures that advertisers can see their ads are being seen by real people. This move, however, pushes Twitter toward a more subscriber-based business model, and that hasn’t been well-received among all users. While the platform is still free to use, users that do not pay for Twitter Blue will not have access to the same features as those that do.

According to Reuters through US News, Elon Musk’s acquisition of Twitter and subsequent losses of revenue streams has put the company into debt to the tune of over $13 billion, much higher than the $5.29 billion in debt that the company carried before Musk’s acquisition. The interest payments alone will incur additional costs of $1.2 billion to the company, and it isn’t certain what sort of action was taken by Twitter before the acquisition to refinance that original debt it carried.

Furthermore, Twitter has not actually profited since 2019, and doesn’t look like it will profit in 2022, either. The company has lost massively the last year, going in the red to the tune of $221 million in 2021, and $1.14 billion in 2020.

It seems in light of all this bad news, the rats are scurrying away from the seemingly sinking ship, as several high-level executives have departed the company. Those executives are: Head of sales Robin Wheeler, chief information security officer Lea Kissner, chief privacy officer Damien Kieran, chief compliance officer Marianne Fogarty, and most notably, head of safety and integrity Yoel Roth.

Five major executives departing just a day after an optimistic Twitter spaces interview with Musk, Roth, and Wheeler seems like a rather oddly-timed occurrence, with two of those execs being part of the interview in question. In my mind it means that Elon finally found the bodies, in a manner of speaking.

Yoel Roth in particular is not particularly surprising considering what a controversial figure he is, with a history of hyperpartisan tweets that made users question Musk’s decision to keep him on with the company up to this point. Not only that, but Yoel Roth is the one who made the decision to outright censor the Hunter Biden laptop story, a story which undoubtedly would have drastically changed the outcome of the 2020 election, had it been allowed to circulate organically instead of being labeled ‘Russian disinformation’ by big tech at the behest of government agencies, which is now accepted as a false narrative.

An internal slack communication posted by an unidentified lawyer for Twitter gives a little insight into what’s going on within the company, along with announcing the departures of three of the five execs as of Wednesday night.

It appears more like a mutiny is going on within Twitter, with this individual imploring ‘Tweeps’ ( Twitter people, their employees ) not only to take their Paid Time Off as needed, preferably all at the same time, as another measure to sway Musk’s decision-making with the boycott/mutiny, but to consider not returning to the company at all.

”Twitter is a remote-first workplace, and has operated as such for years. It is a fundamental change to our employment contracts to require a 40hr a week in-office requirement. I do not, personally, believe that Twitter employees have an obligation to return to office. Certainly not on no notice (if at all).”

“I also remind all Tweeps (at least in the US) that we have an unlimited PTO policy. All Tweeps are able to take PTO. Perhaps today is a good day to take some rest and recharge,” said the unidentified individual.

”Elon has shown that his only priority with Twitter users is how to monetize them.” the unidentified lawyer declared sanctimoniously.

It seems the psychopath leftists aren’t going quietly into the night, they’re trying to loot the silverware before abandoning ship. Furthermore, the slack message seems to suggest that Twitter could face billions in fines from the Federal Trade Commission for changes being made to the company not being authorized under the FTC Consent agreement to which the company is apparently beholden. They’re professing also that engineers will likely bear the brunt of any inquiries into these violations, an indirect way of trying to encourage those that don’t otherwise walk out to second-guess their decision to work on any initiatives that the company wants to take.

If the leftists can’t control your thoughts, it seems that they want to burn down the world’s premiere digital town square to prevent freedom of speech from prevailing in a prominent bastion among restricted mediums.

No matter this whole situation shakes out, I don’t think there will be red wine on tap at Twitter anymore after all this.

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