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Elon Musk says Twitter’s cash flow still negative as ad revenue drops
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Elon Musk says Twitter’s cash flow still negative as ad revenue drops
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halaalcommerce.com
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15 July 2023
Elon Musk said Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load. “Need to reach positive cash flow before we have the luxury of anything else,” Musk said in a tweet early on Saturday.
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Elon Musk said Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load. “Need to reach positive cash flow before we have the luxury of anything else,” Musk said in a tweet early on Saturday.