"The Twitter Blue rollout was such a disaster that he fired almost the entire team."

"Twitter has two financial time bombs waiting to go off."

"My hunch is that Elon will file for bankruptcy as soon as one of these bombs self-detonates."

"Time bomb 1: Employment lawsuits"

"There has been occasional reporting over the past few months about Twitter denying former employees the full amount of severance pay they had been promised. These things tend to get worked out by lawyers, who reach settlement agreements that include non-disparagement clauses."

"If it’s true Twitter is fielding over 1,000 arbitration cases from laid-off employees, then there are a whole lot of busy lawyers racking up billable hours right now."

"Time bomb 2: The fines"

"Twitter operates under a consent decree with the FTC. Just last May, the company was fined $150 million for user privacy violations. That was back when Twitter had thousands of employees and was notoriously slow and careful in rolling out new features."

"Twitter is required under the consent decree to dutifully report any changes in how it “maintains and protects the security, privacy, confidentiality, or integrity of any nonpublic consumer information.”"

"Startups don’t have major FTC reporting requirements. Huge companies with a checkered regulatory history do.)"

"Elon-Twitter has been flagrantly ignoring the FTC consent decree."

"The fines are coming, and they will not be small. Between US and EU violations, I’d guess Twitter’s tab will be in the low single-digit billions."

"Twitter basically doesn’t have a Trust and Safety team anymore. Twitter’s compliance team is at least as decimated as all its other teams."

"But then the liberal bureaucrats stepped in and fined the company out of existence! There’s nothing I can do about it. Twitter is dead now."