In emails to his new employees, Musk painted a dire picture of the future for the social network's remaining employees.
Emails that were reviewed by the New York Times show that Musk is repeating the same message internally as he is on his own account.
The serial CEO wrote that there was a good chance that the social network wouldn't survive the economic downturn.
At a company meeting today, Musk told employees thatbankruptcy isn't out of the question.
It's not a great way to start a friendly CEO-staff relationship, but it's still the position Musk is taking as he makes sweeping changes to the social network that are very unpopular with some of the workers left at the company.
One disgruntled employee wrote in an email to coworkers that "Elon has shown that he cares only about recouping the losses he's incurred as a result of failing to get out of his binding obligation to buy" "This will put huge amount of personal, professional and legal risk onto engineers, I expect that all of you will be pressured by management into pushing out changes that will likely lead to major incidents."
Under Musk's deal, Twitter is going to have to pay $1 billion in interest every year, and it's in serious financial trouble. Advertisers' increasing wariness about the site's trajectory and other factors are making things not look good.
The new CEO is going to follow through with his $8 verification plan, despite the fact that this whole mess is going to be as bad as predicted.
We have to ask if the plan was killed all along.
There is more Musk, he is selling stock like crazy.
All Rights Reserved © 2024
