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Elon Musk says Twitter's cash flow still negative as ad revenue drops 50%(www.reuters.com)

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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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Skaryon@lemmy.world
18 points

Good

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gjoel@lemmy.ml
35 points

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CascadianBeam@lemmy.world
5 points

Cutting costs by 3 billion certainly wasn’t going to turn Twitter sustainable.

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CascadianBeam@lemmy.world
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CascadianBeam@lemmy.world
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