re: X/Twitter is already cash flow positive per a Bloomberg reporter

quote:

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X, the platform formerly known as Twitter, is worth less than half of what Elon Musk paid for it a year ago.

Restricted stock units awarded to employees value the company at $19 billion, or $45 a share, according to a person familiar with the matter. A year ago, Musk bought Twitter Inc. for $44 billion.

Since the takeover, most of Twitter’s staff was laid off or resigned. Musk renamed the company X, changed some of its content rules and lost more than half of its advertising revenue.

Fortune earlier reported on the valuation, citing an internal memo.

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quote:

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Musk’s purchase saddled the company with $13 billion in debt and over time his erratic decision making and looser content-safety rules have driven away advertisers, contributing to a 60% drop in sales. X also owes about $1.2 billion in interest payments per year on its debt, Bloomberg earlier estimated.

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