Elon Musk, the new owner of Twitter, recently announced the possibility of bankruptcy of the company, which he bought for $ 44 billion. The billionaire’s plan to develop Twitter is to reduce costs as much as possible while increasing profits. The new owner plans to increase the revenue share from paid subscriptions to 50%.

In his first company-wide email, Elon Musk warned that Twitter “will not survive the impending economic crisis” unless the social network can increase subscription revenue to offset falling ad revenue.

Yoel Roth, who oversees Twitter’s response to fighting hate speech, misinformation and spam on the service, resigned on Thursday. Roth called himself the company’s “former head of trust and security” on his Twitter account on Thursday.

Also Thursday, Lea Kissner, Twitter’s director of information security, announced her resignation. Chief Privacy Officer Damien Kieran and Chief Compliance Officer Marianne Fogarty also resigned. The US Federal Trade Commission said it was watching Twitter with “deep concern” after key privacy and compliance staff members resigned. These resignations potentially expose Twitter to the risk of regulatory breaches. Source