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media/telecom

Musk: Twitter Has a ‘Shot’ at Becoming Cash Flow Positive in Second Quarter

By
Erin Woo
· · Source: The Information

Twitter has a chance of turning cash-flow positive in the second quarter, despite “a massive decline in advertising,” and after a severe cost cutting, Twitter CEO Elon Musk told attendees at a Morgan Stanley conference for investors in San Francisco Tuesday. Musk, who appeared in person, said that Twitter’s revenue was slated to drop to less than $3 billion this year, which would be around a...

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