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.

  • Lanfordr@lemmy.world
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    1 year ago

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