Billionaire CEO Elon Musk says Twitter has 1,500 people on payroll, down from 8,000 last October when he bought the social media company for $44 billion.
Elon Musk Twitter account displayed on a phone screen and Twitter logo displayed on a laptop screen are seen in this multiple exposure illustration photo taken in Poland on Dec. 26, 2022., Musk indicated Twitter is close to breaking even. He claimed that most of the advertisers who left Twitter because of their concerns about hate speech have returned, although he did not give details.
Musk predicted that Twitter could become "cash flow positive" in the current quarter "if current trends continue." Because Twitter is a private company, information about its finances can't be verified. While Musk has lost money on Twitter — dropping from the world's richest man to only its second-richest — the eccentric billionaire initially told the BBC he wouldn't sell the social media platform for the same $44 billion he bought it for. But he later clarified he might sell the company if he had guarantees its next owner would share his commitment to "truth.
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