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

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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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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[-] Lanfordr@lemmy.world 3 points 1 year ago

Isn't his acquisition a large part of why it has such a heavy debt load in the first place?

this post was submitted on 16 Jul 2023

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