Elon Musk says Twitter’s cash flow still negative as ad revenue drops 50%::Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday, falling short of his expectation in March that Twitter could reach cash flow positive by June.
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10 points
I don’t think it’s possible at this point to turn a profit. There is no more fat to cut and there’s no one left to develop anything new. Best case is he is able to sell Twitter at a huge loss and walk away.
7 points
