Elon Musk Optimistic Twitter Will Be ‘Cash-Flow Break-Even’ in 2023

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Elon Musk Optimistic Twitter Will Be 'Cash-Flow Break-Even' in 2023

Twitter CEO Elon Musk expects the social media platform to be “cash-flow break-even” next year as the company's cost-cutting and new revenue-generating measures averted a $3 billion shortfall.
During a Twitter Spaces discussion on Dec. 21, Musk revealed that the business was headed toward a “negative cash-flow situation of $3 billion a year” when he became the owner. This explains why he has been “cutting costs like crazy.”
“That’s the reason for my actions,” he said during the chat, noting that he’s not “naturally capricious.”
“We have an emergency fire drill on our hands. This company is like, basically, you’re in a plane that is headed toward the ground at high speed with the engines on fire and the controls don’t work.”...

Source: Elon Musk Optimistic Twitter Will Be 'Cash-Flow Break-Even' in 2023

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