'Twitter will become cashflow positive in next few months', says Elon Musk

Elon Musk said that Twitter is 'roughly breaking even' and that almost all advertisers have returned to the platform. He also added that the social media platforms will become cashflow positive in the next few months.

Musk's comments come amid reports of a massive slump in ad revenues since he took over Twitter in October last year, for $44 billion.

Elon Musk addressed a variety of issues during an interview with BBC on Twitter spaces that saw more than 3 million listeners tuning in.

Musk confirmed that around 80% of the workforce had been fired, saying that Twitter was left with just 1500 of the 8000 odd employees that were there when he bought the social media platform.

Musk also talked about his experience since he bought Twitter, saying that it has been quite a painful experience. He added that it's not easy constantly being targeted and criticised. But, he had no regrets about buying Twitter.

On the issue of verified accounts, Musk reiterated that legacy blue ticks would be removed by end of next week.

Talking specifically about India, Musk said "India has very strict social media laws." He also added that if given a choice between complying with a country's law and going to jail, he would choose the former.