CEO Elon Musk says the social media platform could be cashflow positive by next quarter
Twitter CEO Elon Musk says the company may be cashflow positive within the next three months.
This is on the back of costs being cut and users increasing on the platform.
Musk revealed the target in a webcast conference, saying he was also disappointed with how poorly the social media platform made money using its service, up to now.
Approximately 70 per cent of Twitter’s workforce has been laid off since Musk acquired the platform in October last year for $44 billion.
As well, the platform had 253 million daily active users that were “monetisable”, according to Musk.
Earlier this week, Twitter suffered a major outage, with users unable to post images or links.
