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Elon Musk says Twitter's cash flow still negative as ad revenue drops 50% (www.reuters.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Elon Musk says Twitter's cash flow still negative as ad revenue drops 50%::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.

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[-] jtk@lemmy.sdf.org 1 points 1 year ago

I find it suspicious he's advertising it. There must be some personal benefit. Motivate the remaining rubes to buy the check marks? 🤔

[-] TurnItOff_OnAgain@lemmy.world 3 points 1 year ago

I'm thinking it's some sort of bankruptcy ploy

this post was submitted on 16 Jul 2023

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