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World News@lemmy.worldEnglish · 1 year ago

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

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

Newstart@lemmy.world to

World News@lemmy.worldEnglish · 1 year ago

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

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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assassinatedbyCIA@lemmy.world
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1 year ago
Why stop there? 70% is just right there for the taking.
- SpicyPeaSoup@kbin.social
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  1 year ago
  You guys are thinking too small.
  
  -200% and beyond. Twitter liquidates and Muskyboi needs to pay debts off using his personal wealth.
  - assassinatedbyCIA@lemmy.world
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    1 year ago
    This is why I’m not a billionaire. I just don’t have that billionaire mindset.

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