Elon Musk Warns Twitter Staff of Bankruptcy As Chaos Deepens

In his first all-hands with Twitter employees, Elon Musk painted a bleak picture of the company's future. During the meeting, Musk raised the possibility of the company going bankrupt.

The meeting capped off a tumultuous day for Twitter where more senior executives resigned. It was also warned by the Federal Trade Commission.

Musk warned employees of tough days ahead in an email sent earlier.

First an email and then an all-hands, Musk has been busy getting in touch with his new group of employees. This is the first time the new CEO talked to Twitter employees directly.

The chaos and uncertainty that began after Musk's takeover are yet to settle. His warning about a possible bleak future will only add to the uncertainty surrounding Twitter.