On Wednesday, Twitter CEO Elon Musk stated in a live interview on Twitter Spaces.
This interview attracted over 3 million listeners, that the social media company is “roughly breaking even” as most of its advertisers have returned.
Twitter had suffered a significant decline in advertising revenue since Elon Musk acquired the company for $44 billion in October, which he attributed to the cyclical nature of ad spending and some of which was “political.” However, Musk confirmed that most advertisers have returned to the platform.
Currently, Twitter has around 1,500 employees, a significant reduction from the approximately 7,000 workers it had before Musk’s acquisition.
Many engineers responsible for fixing and preventing service outages have left Twitter since the deal, leading to concerns over the company’s stability.