Despite outages and bankruptcy threats, Twitter could break even on cash flow in the second quarter, Elon Musk says

The company has been working on making its advertising more relevant, said Musk, speaking at a Morgan Stanley conference in San Francisco. Musk, who bought Twitter last year for $44 billion, emphasized that Twitter’s debt burden after the deal is quite high and the cost of servicing the debt is around $1.5 billion annually, about equivalent to its current cash burn rate.

With all the attention Twitter receives, it’s “startling” how little money it makes, he said, noting the opportunity.