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https://www.wsj.com/articles/where-musks-twitter-gambit-stands-nearly-five-months-in-c50d04b6

Where Musk’s Twitter Gambit Stands, Nearly Five Months In

While the billionaire says the social-media platform is heading in the right direction, debt and revenue challenges loom large

Elon Musk, who bought Twitter in October, said the likely time to put in place a new person to take over the day-to-day management of the social-media platform could be toward the end of 2023. He spoke remotely at the World Government Summit in Dubai. Photo: Kamran Jebreili/Associated Press

March 8, 2023 5:49 pm ET

The clock is ticking for Elon Musk to put Twitter Inc. back on a path to profitability as the social-media company continues to burn through cash nearly five months after the billionaire’s $44 billion takeover.

Twitter’s finances remain strained in part because of an advertiser pullback and high-cost debt. As a result, Mr. Musk, the company’s owner and chief executive, has taken aggressive steps to stem the cash burn by slashing costs, including reducing Twitter’s workforce by about 75%.

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