That leaves $629M/quarter with which to operate the business which cost 1.38B to run in Q4 2021. Has he slashed operating costs by >55%? He fired 75% of employees but there are plenty of non-payroll costs as well that are harder to trim (real estate, storage and compute costs, etc). That’s what “trending toward break even” would look like.
It all sounds pretty insane to me. But just imagine what the TWTR stock would have done if the last CEO had cut costs even a little without Elon’s debt weighing the balance sheet down and Elon’s erratic behavior scaring advertisers away. I think it shows Twitter could have very easily turned a healthy profit if that had been their priority. It was not a company in financial crisis as Musk apologists sometimes like to suggest.