Shulou(Shulou.com)11/24 Report--

According to news in the morning of March 8, Beijing time, Twitter CEO Elon Musk (Elon Musk) said on Tuesday that thanks to aggressive cost-cutting measures, the company's cash flow "has a chance" to become regular in the next quarter.

Musk made the remarks at a Morgan Stanley investor conference. He said Twitter's poor performance in cashing out its messaging services was "shocking".

Mr Musk said the company had cut its non-debt spending in 2023 from an expected $4.5 billion to $1.5 billion, mainly due to a 40 per cent reduction in spending on cloud services and the closure of a data centre. In addition, Twitter has previously laid off thousands of people.

Musk is also CEO of electric car company Tesla, who bought Twitter for $44 billion last October. He said the company also had to bear interest of about $1.5 billion a year because of its debt in the privatisation deal.

He added that Twitter had suffered a "massive decline in the advertising business". Musk believes that some of these reasons are due to the periodicity of advertising spending, while others are "political reasons".

Twitter has experienced a series of upheavals and uncertainties since it was acquired by Musk. The service malfunctioned on Monday, leaving thousands of users unable to access the link. This is the sixth major failure of the service so far this year, according to the Internet observation website NetBlocks.

Referring to Monday's glitch, Musk said that they had planned to make small adjustments to 1% of users, but it turned out to be "a disaster" for all users. He added that engineers were doing a massive "clean-up" of Twitter's software code.

Since it was acquired by Musk, the stability of Twitter has caused widespread concern. There has been a wave of departures from the company's engineers, who were responsible for repairing and avoiding failures, according to people familiar with the matter.

Musk estimates that it will take several years to build a management team at Twitter. He also faces questions from Tesla investors who worry that he spends too much time in Twitter to concentrate on running the electric car company. Musk himself has said that the end of this year will be a "good time" to find a new CEO for Twitter.

He also reiterated his plan to launch a payment service on Twitter, which will eventually help users make one-click remittances.

"I think it has the potential to become the largest financial institution in the world." He said.

Musk said that improving the relevance of Twitter ads is another major focus of Twitter. As Musk claimed to be a "free speech absolutist", some advertisers were not sure what kind of content censorship Musk would use and had to leave Twitter.

In addition, there are reports that EU regulators have asked Mr Musk to hire more content reviewers to comply with the law to enter into force.

Musk said at a Morgan Stanley event on Tuesday that American Democrats and Republicans now have the same level of trust in Twitter. A slide show in the webcast shows that the platform has 253 million "realizable" daily active users.

Musk said Twitter currently earns 5 to 6 cents an hour, and users spend a total of "130 million hours a day" on the platform. But he says Twitter can raise its hourly income to 15 to 20 cents.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.