Will X formerly known as Twitter become profitable having a positive cashflow by the halfway point of 2024?
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Ṁ1kṀ866Jul 1
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Elon suggested twitter would be cashflow positive by the back half of 2024 after missing his original Q2 2023 deadline, blaming ad revenue shortfalls.
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Profitable and positive cash flow are two separate things. (Main difference is usually depreciation not being a cash flow item but is an expense charged against profit but there are other differences.)
Does it have to be both?
But a larger problem could well be that we never know because it is private and does not have to publish such info.
Additionally "by the half way point" does not specify how long a period it has to be profitable/cash flow positive for. A week? a month? a quarter? a half year? "by" suggests this has to happen on/before 30 June.
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