Elon Musk told Twitter employees that failures are not out of the question

Elon Musk told Twitter employees that failures are not out of the question

It’s been another day for Twitter. Two weeks after Elon Musk took over the social media giant, Musk implemented more changes while warning that the company would not survive what he described as a possible economic downturn.

as reported in section New York Times, Musk sent an email to employees earlier today calling the projected economic picture “dire.” He also said that Twitter is too dependent on advertisers, many of whom have stopped spending on the platform in recent weeks, and that “the absolute priority is to find and stop verified bot/troll/spam.”

Musk then held a meeting for Twitter employees, according to reports Zoë Schiffer. Speaking about the decision to end remote work for Twitter employees, Musk told Twitter employees, “If you physically go to an office and don’t show up, your resignation is accepted.”

Musk also denounced plans to turn Twitter into a peer-to-peer payments platform, saying that “failure is not out of the question” and that Twitter employees “need to be more motivated.”

Twitter could be at risk of billions in fines

Musk’s reported comments come amid a chaotic period for the company. Earlier this week, Twitter rolled out its own New Twitter Blue verification strategywhich saw accounts claiming to be everyone from LeBron James to Nintendo posting crude photos and fake news under a blue banner — a traditional mark of trustworthiness on that platform.

Meanwhile, Twitter continues to cut staff through a combination of layoffs and voluntary exits. Several executives are said to be leaving the company, including Chief Trust and Security Officer Yoel Roth and Chief Information Security Officer Lea Kissner.

As Twitter moves at breakneck speed to implement Musk’s requested changes, an in-house lawyer warned in a memo about Slack seen by The Verge that engineers could be at “personal, professional and legal risk” to the company. That’s partly due to a 2011 settlement with the Federal Trade Commission that gives the body authority over its own data security practices, as breaches can result in hundreds of millions or even billions of dollars in fines.

A spokesperson for the Federal Trade Commission told The Verge that the body is “monitoring the latest development on Twitter with great concern.”

Musk took over Twitter for $44 billion last monthending a long soap opera where the two parties exchanged barbs through legal documents and other means. Musk entered Twitter headquarters with a sink and tweeted: “On entering Twitter HQ, let it sink in.”

last week, Twitter began laying off thousands of workersand it is obvious that the saga is far from over.

Kat Bailey is IGN’s Senior News Editor and the host of Nintendo Voice Chat. Do you have any advice? Send a DM to @the_katbot.

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