"Elon Musk Warns Twitter Could vanish if They Don't Cut costs"

In an effort to recover the investment he had made on the Twitter buy, Elon Musk has been making changes on the social media website.

Despite all your efforts, the future of your little blogging site looks bleak.

On Thursday, Elon Musk informed TED workers on a call that he couldn't rule out bankruptcy.

This comes after two employees, Yoel Roth and Robin Wheeler, stepped down.

Chief Security Officer Lea Kissner declared that she had left the company. Chief Privacy Officer Damien Kieran and Chief Compliance Officer Marianne Fogarty also resigned.

The South African billionaire claimed that Twitter could lose billions of dollars in a year's time.

Musk said they are losing more than $4 million per day, primarily because of advertisers rescinding their contracts after he took over.