Elon Musk Twitter account displayed on a telephone display screen and Twitter brand displayed on a display screen within the background are observed on this representation photograph taken in Krakow, Poland on November 22, 2022.
Jakub Porzycki | Nurphoto | Getty Photographs
Twitter CEO Elon Musk stated Sunday that the previous couple of months were “extraordinarily tricky,” however the social media corporate is “now trending to breakeven.” CNBC used to be no longer ready to independently examine this declare.
Musk, who could also be CEO of Tesla and SpaceX, stated in a tweet that he has needed to “save Twitter from chapter” whilst additionally pleasing his roles at his different firms.
“Would not want that ache on somebody,” he wrote. “Twitter nonetheless has demanding situations, however it’s now trending to breakeven if we stay at it. Public beef up is far favored!”
Twitter and Musk didn’t instantly reply to CNBC to a request for remark.
Since obtaining the corporate for $44 billion past due ultimate 12 months, it is been a rocky takeover for “Mr. Tweet,” as Musk lately dubbed himself. Beneath the billionaire’s control, Twitter has slashed headcount thru mass layoffs, different terminations and adjustments that pressured many to surrender, together with the top of a work-from-home perpetually coverage that have been installed position underneath former CEO Jack Dorsey.
Twitter introduced — and relaunched — its up to date Twitter Blue subscription provider in December after Musk had pulled and not on time the provider in November. The corporate suffered a “huge drop in earnings,” in line with Musk, after advertisers paused spending at the social media platform.
The billionaire has additionally confronted important shareholder backlash at Tesla for being distracted, for stirring up political controversy together with his technique at Twitter, and for promoting billions of bucks value of his Tesla stocks to finance his Twitter takeover.
In a tweet Sunday, a Twitter person expressed fear about how a lot Musk has had on his plate.
“I am anxious about me too,” Musk wrote in reaction.
—CNBC’s Lora Kolodny contributed to this record.
