this post was submitted on 16 Jul 2023
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Elon Musk says Twitter's cash flow still negative as ad revenue drops ~50% (www.reuters.com)
submitted 2 years ago by _Frog@feddit.ch to c/technology@feddit.ch
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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.

"Need to reach positive cash flow before we have the luxury of anything else," Musk said in a tweet replying to suggestions on recapitalization.

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[–] dm_me_your_feet@lemmy.world 5 points 2 years ago

Burn it to the ground lol