Shulou(Shulou.com)11/24 Report--

Beijing, April 12 (Xinhua) according to reports, Twitter CEO Elon Musk said today that the company has "basically broken even", mainly because most advertisers have returned and cost-cutting measures are beginning to take effect after mass layoffs.

Musk also said Twitter now has about 1500 employees, down from about 8000 before he took over last October.

Since Mr Musk bought Twitter for $44 billion, the company has been rife with chaos and uncertainty, and many engineers responsible for repairing and preventing service disruptions have been laid off, according to people familiar with the matter.

Last week, Twitter suffered a loophole that prevented thousands of users from accessing its service, the sixth major disruption since the beginning of the year. Later, Musk also admitted that there were some failures, but said it did not last long.

"if all goes well, our cash flow this quarter may be positive," Musk said in an interview today. "

This is mainly due to the return of Twitter advertisers. Siddharth Rao, Twitter manager, said in January that more than 500 advertisers had fled Twitter since Mr Musk took over last October.

In fact, Musk said in February that Twitter has been very difficult in the past few months, but it is moving towards making ends meet. In March, Musk said that Twitter is expected to break even or even achieve positive cash flow in the second quarter of this year.

Musk also said today that the number of Twitter users has reached an all-time high. In addition, on the issue of Twitter CEO succession, Musk said that he does not have the right person in mind. Mr Musk said in February that he hoped to find a successor by the end of the year.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.