• About
  • Grievance Redressal cell
  • Advertise
  • Privacy & Policy
  • Contact
  • Our team
  • Survey
Tuesday, January 31, 2023
  • Login
  • Home
  • Insider Exclusive
    ‘I will head party till elections to be held on  5’: Dr. Farooq Abdullah

    ‘I will head party till elections to be held on 5’: Dr. Farooq Abdullah

    ‘My source of inspiration is Atal Bihari Vajpayee

    ‘My source of inspiration is Atal Bihari Vajpayee

    BJP to form next Govt in J&K of its own: Raina     

    BJP to form next Govt in J&K of its own: Raina     

    BJP creates history for declaring holiday on Maharaja’s birth anniversary: Raina

    BJP creates history for declaring holiday on Maharaja’s birth anniversary: Raina

    Our non-participation in contesting Panchayati elections was a big mistake’: Dr Farooq

    Our non-participation in contesting Panchayati elections was a big mistake’: Dr Farooq

    Veteran leader Ghulam Nabi Azad resigns from Congress party.

    Veteran leader Ghulam Nabi Azad resigns from Congress party.

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Jammu and Kashmir
  • Entertainment
    Pathaan Box Office Collection Day 6: Shah Rukh Khan’s Film Set To Be Fastest To Make 300 Crore

    Pathaan Box Office Collection Day 6: Shah Rukh Khan’s Film Set To Be Fastest To Make 300 Crore

    Pathaan Box Office Collection Day 3: Shah Rukh Khan’s Film Earns Over ₹ 300 Crore Worldwide

    Pathaan Box Office Collection Day 3: Shah Rukh Khan’s Film Earns Over ₹ 300 Crore Worldwide

    Kangana Ranaut takes sly dig at fans praising Shah Rukh Khan’s Pathaan: ‘Goonjega toh yahan sirf Jai Shri Ram’

    Kangana Ranaut takes sly dig at fans praising Shah Rukh Khan’s Pathaan: ‘Goonjega toh yahan sirf Jai Shri Ram’

    Pathaan Sets A Record Even Before Release: Shah Rukh Khan’s Film To Open In Over 100 Countries

    Pathaan Sets A Record Even Before Release: Shah Rukh Khan’s Film To Open In Over 100 Countries

    “The Way I Dress…”: Uorfi Javed Struggles To Find Rented Apartment In Mumbai

    “The Way I Dress…”: Uorfi Javed Struggles To Find Rented Apartment In Mumbai

    Frustrated Over Repeated Shows Of ‘Sooryavansham’, Man Writes To Channel

    Frustrated Over Repeated Shows Of ‘Sooryavansham’, Man Writes To Channel

  • Articles
    Prophet Muhammad (SAW), His Life & Teachings

    Prophet Muhammad (SAW), His Life & Teachings

    Crime against women unacceptable: Dr. Navneet Kaur.

    Crime against women unacceptable: Dr. Navneet Kaur.

    Monkeypox Spreading By Sexual Contact Between Men, Not By Skin Contact.

    Monkeypox Spreading By Sexual Contact Between Men, Not By Skin Contact.

    Jodhpur violence: What United Nations spokesperson said on clashes before Eid

    Jodhpur violence: What United Nations spokesperson said on clashes before Eid

    ‘My father was gullible, I am shrewd’: Uddhav Thackeray’s message to BJP, MNS

    ‘My father was gullible, I am shrewd’: Uddhav Thackeray’s message to BJP, MNS

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

  • National
  • Our team
No Result
View All Result
  • Home
  • Insider Exclusive
    ‘I will head party till elections to be held on  5’: Dr. Farooq Abdullah

    ‘I will head party till elections to be held on 5’: Dr. Farooq Abdullah

    ‘My source of inspiration is Atal Bihari Vajpayee

    ‘My source of inspiration is Atal Bihari Vajpayee

    BJP to form next Govt in J&K of its own: Raina     

    BJP to form next Govt in J&K of its own: Raina     

    BJP creates history for declaring holiday on Maharaja’s birth anniversary: Raina

    BJP creates history for declaring holiday on Maharaja’s birth anniversary: Raina

    Our non-participation in contesting Panchayati elections was a big mistake’: Dr Farooq

    Our non-participation in contesting Panchayati elections was a big mistake’: Dr Farooq

    Veteran leader Ghulam Nabi Azad resigns from Congress party.

    Veteran leader Ghulam Nabi Azad resigns from Congress party.

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Jammu and Kashmir
  • Entertainment
    Pathaan Box Office Collection Day 6: Shah Rukh Khan’s Film Set To Be Fastest To Make 300 Crore

    Pathaan Box Office Collection Day 6: Shah Rukh Khan’s Film Set To Be Fastest To Make 300 Crore

    Pathaan Box Office Collection Day 3: Shah Rukh Khan’s Film Earns Over ₹ 300 Crore Worldwide

    Pathaan Box Office Collection Day 3: Shah Rukh Khan’s Film Earns Over ₹ 300 Crore Worldwide

    Kangana Ranaut takes sly dig at fans praising Shah Rukh Khan’s Pathaan: ‘Goonjega toh yahan sirf Jai Shri Ram’

    Kangana Ranaut takes sly dig at fans praising Shah Rukh Khan’s Pathaan: ‘Goonjega toh yahan sirf Jai Shri Ram’

    Pathaan Sets A Record Even Before Release: Shah Rukh Khan’s Film To Open In Over 100 Countries

    Pathaan Sets A Record Even Before Release: Shah Rukh Khan’s Film To Open In Over 100 Countries

    “The Way I Dress…”: Uorfi Javed Struggles To Find Rented Apartment In Mumbai

    “The Way I Dress…”: Uorfi Javed Struggles To Find Rented Apartment In Mumbai

    Frustrated Over Repeated Shows Of ‘Sooryavansham’, Man Writes To Channel

    Frustrated Over Repeated Shows Of ‘Sooryavansham’, Man Writes To Channel

  • Articles
    Prophet Muhammad (SAW), His Life & Teachings

    Prophet Muhammad (SAW), His Life & Teachings

    Crime against women unacceptable: Dr. Navneet Kaur.

    Crime against women unacceptable: Dr. Navneet Kaur.

    Monkeypox Spreading By Sexual Contact Between Men, Not By Skin Contact.

    Monkeypox Spreading By Sexual Contact Between Men, Not By Skin Contact.

    Jodhpur violence: What United Nations spokesperson said on clashes before Eid

    Jodhpur violence: What United Nations spokesperson said on clashes before Eid

    ‘My father was gullible, I am shrewd’: Uddhav Thackeray’s message to BJP, MNS

    ‘My father was gullible, I am shrewd’: Uddhav Thackeray’s message to BJP, MNS

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

  • National
  • Our team
No Result
View All Result
No Result
View All Result
Home Technology

Elon Musk expects Twitter to be ‘cash flow break-even’ next year

News Insider's Desk by News Insider's Desk
December 22, 2022
in Technology
Reading Time: 1 min read
A A
0
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Dec 21 – Elon Musk said Twitter Inc is now on track to be “roughly cash flow break-even” next year, as the billionaire owner defended his deep cost-cutting measures at the social media platform.

Twitter was previously tracking toward a “negative cash flow situation of $3 billion per year” before the cost cuts, Musk said on Wednesday in a Twitter Spaces audio chat.

Since taking over Twitter on Oct. 27, Musk has laid off 50% of the company’s employees and demanded remaining staff commit to long hours and a “hardcore” culture, prompting more employee departures. The controversial moves have rattled advertisers, who contribute 90% of Twitter’s revenue.

“We have an emergency fire drill on our hands,” Musk said. “That’s the reason for my actions.”

Twitter currently has a little over 2,000 employees, Musk said on Wednesday.

Musk said Twitter was previously on track to spend $5 billion next year. With $12.5 billion in debt due to the acquisition, Twitter was facing a net cash outflow of $6.5 billion with revenue of about $3 billion next year. That amounted to negative cash flow of $3 billion, Musk said, adding that Twitter has $1 billion in cash.

Twitter’s annual revenue in 2021 was $5 billion and in February, the company forecast that 2022 revenue would grow in the low-to-mid 20% range.

During the Spaces session, Musk said his “number one priority” was to grow subscriber revenue so it becomes a meaningful part of Twitter’s business. Currently, companies are cutting advertising budgets in a weak economy.

Musk, who also runs Tesla Inc (TSLA.O), said major advertisers have told him Twitter ads have the lowest return on investment out of all social media platforms.

He said one advertiser suggested to him that Twitter should display an ad if a user mentions a product in tweet replies.

“I said, yeah, we should do that,” Musk said.

News Insider's Desk
Previous Post

Tesla driver in multi-car crash told police self-driving software malfunctioned

Next Post

Ukraine’s Zelenskiy tells U.S. Congress aid is ‘not charity’, urges more support

News Insider's Desk

News Insider's Desk

Next Post
Ukraine’s Zelenskiy tells U.S. Congress aid is ‘not charity’, urges more support

Ukraine's Zelenskiy tells U.S. Congress aid is 'not charity', urges more support

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Demolition of Shopping Complex in Anantnag: Div Com Kashmir appointed as inquiry officer

July 12, 2022
IAS officer shares his class 10 marksheet on students’ demand, it goes viral.

IAS officer shares his class 10 marksheet on students’ demand, it goes viral.

July 24, 2022
Batal cloud burst: 10 Yatris die, over 40 missing

Amarnath Cloudburst: DHSK cancels leaves of all staff

July 9, 2022

J&K Schools, Colleges, Hospitals to be named after those who laid lives for country’s integrity: LG Manoj Sinha

July 12, 2022

The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

0

Shadow Tactics: Blades of the Shogun Review

0

macOS Sierra review: Mac users get a modest update this year

0

Hands on: Samsung Galaxy A5 2017 review

0
Mainly dry, foggy weather forecast till Feb 4 in J&K

Mainly dry, foggy weather forecast till Feb 4 in J&K

January 31, 2023
India’s GDP Growth To Slow Down To 6-6.8%, Forecasts Economic Survey

India’s GDP Growth To Slow Down To 6-6.8%, Forecasts Economic Survey

January 31, 2023
Taliban government bars females from sitting university entrance exam

Taliban government bars females from sitting university entrance exam

January 31, 2023
Pathaan Box Office Collection Day 6: Shah Rukh Khan’s Film Set To Be Fastest To Make 300 Crore

Pathaan Box Office Collection Day 6: Shah Rukh Khan’s Film Set To Be Fastest To Make 300 Crore

January 31, 2023

Recent News

Mainly dry, foggy weather forecast till Feb 4 in J&K

Mainly dry, foggy weather forecast till Feb 4 in J&K

January 31, 2023
India’s GDP Growth To Slow Down To 6-6.8%, Forecasts Economic Survey

India’s GDP Growth To Slow Down To 6-6.8%, Forecasts Economic Survey

January 31, 2023
Taliban government bars females from sitting university entrance exam

Taliban government bars females from sitting university entrance exam

January 31, 2023
Pathaan Box Office Collection Day 6: Shah Rukh Khan’s Film Set To Be Fastest To Make 300 Crore

Pathaan Box Office Collection Day 6: Shah Rukh Khan’s Film Set To Be Fastest To Make 300 Crore

January 31, 2023
News Insider

News Insider is news, current affairs and media analysis organization. We value independence and transparency and believe the two are integral to democracy and a healthy society. The same applies for news media, which is often referred to as the fourth pillar of democracy.

Follow Us

Categories

Recent News

Mainly dry, foggy weather forecast till Feb 4 in J&K

Mainly dry, foggy weather forecast till Feb 4 in J&K

January 31, 2023
India’s GDP Growth To Slow Down To 6-6.8%, Forecasts Economic Survey

India’s GDP Growth To Slow Down To 6-6.8%, Forecasts Economic Survey

January 31, 2023
  • About
  • Grievance Redressal cell
  • Advertise
  • Privacy & Policy
  • Contact
  • Our team
  • Survey

News Insider 24x7 © 2022. All Rights reserved

No Result
View All Result
  • Home
  • Insider Exclusive
  • Jammu and Kashmir
  • Articles
  • National
  • Our Team

News Insider 24x7 © 2022. All Rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In