On November 18, Jonathan Vigliotti announced that CBS News will cease all activities on the social media platform in light of 'uncertainty' following the takeover of Elon Musk.
Twitter Blue subscription service was earlier paused after many users assumed identities of existing celebrities by getting a blue tick or verified mark by paying $8 per month. Many such users were later suspended by Twitter.
According to the report, Musk told Twitter employees that the cash burn needed to stop and that if the company did not generate more cash revenue, it may face bankruptcy.