Elon Musk says Twitter cash flow is negative due to ad revenue declines, 'heavy debt'
www.cnbc.com
Musk said early Saturday that cash flow at Twitter remains negative because of a nearly 50% drop in advertising revenue coupled with "heavy debt."
  • MicroWave@lemmy.worldOP
    36·
    1 year ago

    Tesla and SpaceX CEO Elon Musk, who is also CTO and executive chairman of Twitter, said early Saturday morning that cash flow remains negative at the social media company because of a nearly 50% drop in advertising revenue coupled with “heavy debt.”