Remember when several here mocked Elon Musk as a businessman and said Twitter would no longer exist
Well today there is this
NEWS: Twitter is on a path to profitability for just the 3rd time in its 17 year history.
https://twitter.com/i/status/1639438709224542208
And Elon himself confirmed they are on track to break even in Q2
Yeah, generally correct.
Twitter was trending to lose ~$3B/year (revenue drop of ~$1.5B + debt servicing of ~$1.5B) and had $1B in cash, so only 4 months of money. Extremely dire situation.
Now that advertisers are returning, it looks like we will break even in Q2.