News@lemmy.world · 1 year ago

Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’

www.cnbc.com

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Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’

www.cnbc.com

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News@lemmy.world · 1 year ago

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."

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1 year ago
There were some paths to profitability, then there’s what Elon decided to do.

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