Since acquiring Twitter for $44 billion in November, Elon Musk has been slashing costs at the company to free up money to help him pay off the billions of dollars he borrowed to finance the deal.
The self-titled “Chief Twit” initially declared that Twitter was losing over $4 million daily. Then, in December, after laying off half of Twitter’s nearly 7,500 employees, he predicted the company will “roughly” break even in terms of cash flow in 2023, but added that it will be “difficult.”
