Elon Musk told the BBC that Twitter is now “roughly breaking even” after he purchased the company last year for $44B.
During a wide-ranging interview that was broadcast on Twitter Spaces late Tuesday, Musk said that the "pain level has been extremely high, this hasn’t been some kind of party."
- Musk told BBC reporter James Clayton that Twitter could become “cash flow positive” this quarter “if current trends continue.”
- When pressured by Clayton, Musk acknowledged that he "kind of had to" buy Twitter, believing he would lose a legal case over the deal that he sought to terminate.
- Since the takeover, Twitter's workforce has been reduced from “just under 8,000” to 1,500 employees, Musk said.
- The CEO claimed “drastic action” was required due to “a $3 billion negative cash flow situation.”
- Musk alleged that most of the advertisers that left the platform after the acquisition have now returned.
- He admitted that he sometimes sleeps on a couch at Twitter’s San Francisco headquarters.
