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."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
David Sacks: the conservative investor who will be Trump's crypto and AI czarIn the Spotlight Trump appoints another wealthy ally to oversee two growing — and controversial — industries
-
Judge rejects Elon Musk's $56B pay package againSpeed Read Judge Kathaleen McCormick upheld her rejection of the Tesla CEO's unprecedented compensation deal
-
DOJ seeks breakup of Google, ChromeSpeed Read The Justice Department aims to force Google to sell off Chrome and make other changes to rectify its illegal search monopoly
-
Bluesky: the social media platform causing a mass X-odusThe Explainer Social media platform is enjoying a new influx but can it usurp big rivals?
-
What Trump's win could mean for Big TechTalking Points The tech industry is bracing itself for Trump's second administration
-
Racist texts tell Black people in US to prepare for slaverySpeed Read Recipients in at least a dozen states have been told to prepare to 'pick cotton' on slave plantations
-
Australia proposes social media ban before age 16Speed Read Australia proposes social media ban before age 16
-
FTC bans fake online product reviewsSpeed Read The agency will enforce fines of up to $51,744 per violation
