Twitter has been marked by chaos and uncertainty since Musk bought the company for $44 billion in October
Twitter Chief Executive Elon Musk said on Tuesday that the company had “a shot” at being cash flow-positive next quarter, as costs have been cut and users have risen.
The company has cut costs sharply, including layoffs, under Musk, who offered the cash flow-positive target as he described efforts to cut expenditures, or cash burn. Musk said in reference to Monday’s outage that what had been intended as a small change to 1% of users ended up being a “catastrophic” change for all. He added that engineers in general were doing a lot of “clean up” of the Twitter software code.
Some advertisers also have fled Twitter due to the uncertainty over how Musk, who has called himself a “free speech absolutist,” would approach content moderation.
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