The report comes after several advertisers slashed their spending on the social-media platform after Elon Musk
of the company on Oct. 27, resulting in a 71% drop in advertising spend on Twitter during December, data from advertising research firm—Standard Media Index showed.Musk, who warned in November about the possibility of the Twitter going bankrupt, said in December that the company was on track to be "roughly cash flow break-even" in 2023.
Twitter made its first interest payment in January on a loan that banks provided to help finance billionaire Musk's purchase of the social media company last year.
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