(Reuters) - Twitter Inc reported a drop of about 40% year-over-year in both revenue and adjusted earnings for the month of December, the Wall Street Journal reported on Friday citing people familiar with the matter. Twitter did not immediately respond to a Reuters request for comment. 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. (Reporting by Anirudh Saligrama in Bengaluru; Editing by Himani Sarkar)

Source: Wall Street Journal March 04, 2023 21:19 UTC