Twitter: Elon Musk predicts bankruptcy.

Following the resignation of the company’s key and safety leaders, Elon Musk, the new owner of Twitter, has announced the possibility of the platform going bankrupt.

In his first company-wide email on Thursday, the business magnate and investor warned that if the platform does not increase subscription revenue to offset falling advertising income, it will be unable to “survive the upcoming economic downturn.”

This follows the resignations of two key leaders, Chief Security Officer Lea Kissner and Head of Trust and Safety Yoel Roth.

Lea Kissner, who reportedly stepped down with other key privacy executives, tweeted, “I have made the hard decision to leave Twitter.”

While Roth on Thursday, on his Twitter profile, addressed himself as Twitter’s “Former Head of Trust & Safety.”

The convulsions came after unveiling the site’s long-awaited Twitter Blue tick subscription service, which allows users to pay $7.99 per month for a coveted blue tick, as well as a separate grey “official” badge for some high-profile accounts.

But the release descended into tumult on Wednesday when Musk scrapped the new grey label almost immediately, overshadowing the launch of the payment service, which is currently available on the mobile app on iPhones and in the United States only.

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