In only the third week of ownership of the social media giant Twitter, Elon Musk laid out a precarious financial situation amid another exodus of executives at the company.
“Without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn,” Musk said in the email. “We need roughly half of our revenue to be subscription.”
Three top security officials resigned, prompting warnings from the Federal Trade Commission.
Yoel Roth, the head of safety and integrity who had been deputized to publicly address concerns advertisers and users had about the platform, is reportedly the latest to leave the company.
Musk downplayed concerns about how a slim Twitter workforce would be able to maintain privacy and data security standards.