Report: Elon Musk admits 'bankruptcy isn't out of the question' for Twitter

(Image credit: Britta Pedersen-Pool/Getty Images)

published 10 November 2022

Embattled Twitter CEO Elon Musk admitted on Thursday that bankruptcy for the social media platform "isn't out of the question" as the site reels from a series of high-profile resignations, and reports of growing discord among staff.

Musk's comment, first reported by Platformer's Zoë Schiffer, came as part of an employee all-hands meeting, during which he also reportedly encouraged employees to simply "be more hardcore" in the face of company troubles. Musk also allegedly reiterated his ban on remote work, telling attendees that "if you can physically make it to an office and you don't show up, resignation accepted."

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Rafi Schwartz has worked as a politics writer at The Week since 2022, where he covers elections, Congress and the White House. He was previously a contributing writer with Mic focusing largely on politics, a senior writer with Splinter News, a staff writer for Fusion's news lab, and the managing editor of Heeb Magazine, a Jewish life and culture publication. Rafi's work has appeared in Rolling Stone, GOOD and The Forward, among others.

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