“Elon Musk Confirms Twitter’s Path to Positive Cash Flow and Profitability by 2023 with Major Business Measures”

Elon Musk, head of Twitter, confirmed that the social platform is close to achieving positive cash flows, after taking a series of measures to fix its business.

Musk added that he expects Twitter to record a profit in the first quarter of 2023, after significant losses in the past months.

Musk indicated that he had cut about 80% of the number of employees at Twitter, from about 8,000 to just 1,500, to cut costs and increase efficiency.