Elon Musk declared that most of the advertisers who abandoned Twitter after his acquisition have returned
lon Musk declared that most of the advertisers who abandoned Twitter after his $44 billion acquisition have returned, and said the company could become cash-flow positive as soon as this quarter.with the BBC, Musk said there are just 1,500 employees left, down from around 8,000, and he reaffirmed Twitter is operating at about breakeven.
Musk said he only completed his purchase of Twitter last year because he was legally forced to do so, after the company’s board sued him to close the deal. He later added that he probably wouldn’t sell Twitter even if offered the same price today. One user that’s left the platform is National Public Radio, which said Wednesday its 52 official accounts will no longer publish content after Twitter labeled the news outlet “state-affiliated media.” Though this was later revised to “government-funded media,” the US public radio network said that was inaccurate and misleading.
The executive, whose other day jobs include running Tesla Inc. and Space Exploration Technologies Corp., was evasive at times and brutally direct at others. Most of the questions centered on his thinking since launching a bid for the social media platform last year.
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