Article originally appeared on www.theepochtimes.com.
Twitter on Track to Break Even Financially in 2023, Elon Musk Says
Billionaire Tesla CEO Elon Musk arrives at the San Francisco headquarters of Twitter on Oct. 26. 2022, stating, “Let that sink in” as he completes his $44 billion acquisition of the social media company. (Twitter account of Elon Musk/AFP via Getty Images)
Twitter is on a path to financially break even this year, Elon Musk said in a Feb. 5 tweet, as the company implements several measures to boost declining revenues.
The comment followed a December 2022 statement by Musk that he was optimistic about the company’s cash flow this year.
“Last 3 months were extremely tough, as had to save Twitter from bankruptcy, while fulfilling essential Tesla & SpaceX duties. Wouldn’t wish that pain on anyone,” Musk wrote. “Twitter still has challenges, but is now trending to breakeven if we keep at it. Public support is much appreciated!”
In November 2022, Musk said Twitter was …
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