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.
I find it suspicious he’s advertising it. There must be some personal benefit. Motivate the remaining rubes to buy the check marks? 🤔
Isn’t his acquisition a large part of why it has such a heavy debt load in the first place?
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.
Elon has not been the best.
Damn no way
