World News@lemmy.worldEnglish · 2 years ago

Elon Musk says Twitter’s ad revenue is down 50% and cash flow is negative

www.cnn.com

cross-posted to:
news@chat.maiion.com

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Elon Musk says Twitter’s ad revenue is down 50% and cash flow is negative

www.cnn.com

Newstart@lemmy.world to

World News@lemmy.worldEnglish · 2 years ago

cross-posted to:
news@chat.maiion.com

Elon Musk says Twitter's ad revenue is down 50% and cash flow is negative | CNN Business

www.cnn.com

Elon Musk disclosed on Twitter Saturday that, due to a 50% drop in advertising revenue and a “heavy debt load,” the platform still has a negative cash flow.

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2 years ago
“Basically, our revenue is cut in half because we didn’t toe the line,” he said, gun in hand, feet shot to bloody stumps.

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