Elon Musk Says Twitter Will Break-Even Next Year

Story - Jai Pratap

In a Twitter Speace today, Elon Musk said Twitter was planning to spend $5 billion next year with an expected revenue of $3 billion.

Musk said that is why he spent the last five weeks cutting costs like crazy.

"I now think that Twitter will, in fact, be okay next year." Roughly cash flow break even, Elon said in the Twitter space.

Musk also justified the $8 paid feature as someone has to pay $1.5 billion server related costs.

When asked about banning American astronaut Paul Graham, Musk said that it was a mistake.

Earlier Musk had blocked Twitter users from posting Mastodon links, but has acknowledged it was a mistake.

Elon Musk is looking to step down as Twitter CEO and is currently looking for a replacement.