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According to Elon Musk, Twitter continues to spend more than it earns.

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Twitter Has Lost Over 50% Ad Revenue: Elon Musk

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“Need to reach positive cash flow before we have the luxury of anything else,” he added, without further elaboration.

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Musk openly responds to user Sophie’s suggestion of forming a consortium to tackle Twitter’s challenges.

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Major advertisers temporarily halted spending on Twitter after Musk’s acquisition, but many have since returned.

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Musk purchased the social media company for $44 billion in late October 2022.

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He has since made several changes to the product and company structure, many of which he attributes to decreasing the company's cash burn and debt burden.

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Changes instituted by Musk since his takeover of Twitter have turned off users and advertisers alike.

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Twitter is thought to have around 200 million regular users but it has suffered repeated technical failures since Musk bought the platform and sacked thousands of staff.

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