Entrepreneur Ilon Musk, who recently acquired social network Twitter (NYSE:TWTR), in his first address to employees admitted that the company may go bankrupt. About it writes Bloomberg with reference to sources.

The warning came two weeks after Musk closed the deal to acquire the platform for $44 billion. During this time, the businessman fired up to half of the employees and forbade the remaining to work remotely. According to the agency, on Thursday, November 10, in an email to employees Musk warned that they should spend at least 40 hours a week in the offices.

According to Bloomberg, two executives from Musk’s new team – Yoel Roth and Robin Wheeler – have resigned. This is also reported by Reuters. Earlier, the head of the information security department of Twitter Lea Kissner reported about his dismissal.

After that, writes Reuters, the U.S. Federal Trade Commission (FTC) said that “with deep concern follows the latest developments” in the company.

In the letter, Bloomberg reports, Musk cited the need to develop a paid subscription service, Twitter Blue, which at $8 a month would allow account verification. This came amid the temporary rejection of Twitter advertising campaigns by L’Oréal, General Motors (NYSE:GM) and other manufacturers. According to the Financial Times, advertisers are wary of possible changes to content moderation.