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The From Wondery, I'm David Brown, and this is Business Wars Daily on this Wednesday, March 22nd.

Another week, another story of the world of Twitter, where the chaos hasn't seemed to slow down. In November, new owner Elon Musk laid off around half of the company's

workforce, then promised there would be no more major layoffs. Fast forward to last month, however,

when another 200 employees found themselves suddenly out of a job. On top of the layoffs, advertisers

have been pulling back from the platform. Nearly half of Twitter's top 1,000 advertisers in September

stopped spending on the platform by January of this year. That meant lost revenue for the tech

giant and a lot of bad blood amongst employees who'd been let go.

But Musk keeps telling the public everything is fine. At a conference in early March,

Musk said Twitter's financial outlook was stabilizing. He noted that layoffs in cost-cutting

had slashed $3 billion from Twitter's operational budget, and, he said, there was a chance the company

could have positive cash flow in the second quarter of this year, according to the New York Times.

...