Yahoo Finance’s Daniel Howley joins the Live show to discuss the best tech stocks of 2022, which include Apple and Microsoft. Read More...
Reuters
Elon Musk expects Twitter to be ‘cash flow break-even’ next year
Elon Musk said Twitter Inc is now on track to be “roughly cash flow break-even” next year, as the billionaire owner defended his deep cost-cutting measures at the social media platform. Twitter was previously tracking toward a “negative cash flow situation of $3 billion per year” before the cost cuts, Musk said on Wednesday while speaking in a Twitter Spaces audio chat. Since taking over Twitter on Oct. 27, Musk has laid off 50% of the company’s employees and demanded remaining staff commit to long hours and a “hardcore” culture, prompting more employee departures.
