Speaking at a Morgan Stanley conference in San Francisco, Musk said Twitter could break even on a cash-flow basis in the second quarter, and there's a chance...
After a tumultuous four months under Elon Musk’s ownership, Twitter Inc. is close to being cash-flow positive, the billionaire claimed Tuesday.
“It’s... After a tumultuous four months under Elon Musk’s ownership, Twitter Inc. is close to being cash-flow positive, the billionaire claimed Tuesday. “It’s been a very difficult four months, but I’m optimistic about the future,” Musk said, adding “I definitely don’t want to count chickens before they hatch.”Musk’s $44 billion acquisition of Twitter was finalized last October, and he proceeded to slash costs at every level, including massive layoffs. Among his cost-saving moves was apparently not paying rent on some Twitter offices and not paying bills; as of last month, nine lawsuits claim Twitter owes at least $14 million in missed payments.
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