Musk Tells Twitter Staff ‘Bankruptcy Isn’t Out of the Question’ as Executives Leave over Privacy Concerns: Report

At an all hands meeting with Twitter employees following the departure of several top executives over user privacy concerns, CEO Elon Musk told employees that he was not sure of the company’s financial prospects, saying that “bankruptcy isn’t out of the question,” according to multiple reports.

At the same meeting, Musk also told employees that if they can “physically make it to an office and you don’t show up, resignation accepted,” Zoë Schiffer, the managing editor of tech newsletter Platformer, alleged in a thread on Twitter Thursday afternoon. The news comes after reports that a variety of high-level executives, including Chief Privacy Officer Damien Kieran, Chief Information Security Officer Lea Kissner — who also confirmed her departure in a Thursday tweet — and Chief Compliance Officer Marianne Fogarty all resigned Thursday in response to concerns that Musk was sacrificing user’s data security for profits, according to The Verge, citing anonymous sources and the company’s internal messages.

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Commentary: Prosecution of Project Veritas Sounds Warning About Two-Tier Justice and Big State Corruption

James O'Keefe

Whatever else can be said about the FBI’s vendetta against James O’Keefe and Project Veritas, his investigative journalism enterprise, it is a useful reminder of two things: 1) that we increasingly live in a two-tier society in which the lower tier can expect the arbitrary intrusion of all the coercive elements of the state, and 2) that the fundamental legitimacy of many important American institutions is draining away rapidly like a full bathtub that is suddenly unplugged.

Scott Johnson at Powerline has an excellent summary of the case thus far.

Last Thursday, the FBI conducted a raid against two former employees of Project Veritas.

A few days later, they conducted a dawn raid against O’Keefe himself. It was the full monty.

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Brooks Brothers Files for Bankruptcy After 202 Years of Business

Brooks Brothers, one of the United States’ oldest and most prestigious retailers, filed for Chapter 11 bankruptcy Wednesday after 202 years, CNBC reported.

The retailer, credited with dressing 40 U.S. presidents since its founding in 1818, had already been burdened with rising rent when it was devastated by the coronavirus pandemic, which sunk the company’s potential sale, according to CNBC.

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PG&E Exits Bankruptcy, Pays $5 Billion into Wildfire Fund

Pacific Gas & Electric has emerged from a contentious bankruptcy saga that began after its long-neglected electrical grid ignited wildfires in California that killed more than 100 people.

The nation’s largest utility announced Wednesday it emerged from Chapter 11 bankruptcy and paid $5.4 billion in initial funds and 22.19% of its stock into a trust for victims of wildfires caused by its outdated equipment.

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Court Approves U.S. Catholic Church’s Proposed $210 Million Payout To Sex Abuse Victims

by Joshua Gill   The Archdiocese of St. Paul and Minneapolis, which filed for bankruptcy in 2015 amid a flood of sexual abuse allegations, will pay $210 million to abuse victims. U.S. Bankruptcy Court Judge Robert Kressel approved the archdiocese’s proposed settlement Wednesday as part of its reorganization plan. The…

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