During a webcast investor conference held by Morgan Stanley (MS.N) on Tuesday, Twitter CEO Elon Musk stated that due to the platform's aggressive cost-cutting measures, the company can achieve positive cash flow in the upcoming quarter.
Musk also expressed surprise at how ineffective Twitter has monetized its messaging service, calling it "startling." The company has managed to decrease its non-debt expenses to $1.5 billion, down from an anticipated $4.5 billion in 2023, primarily by reducing its cloud services bill by 40% and shutting down one data center. In addition, Twitter has laid off a significant number of employees.