News@lemmy.world · 1 year ago

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

www.cnbc.com

cross-posted to:
tech@kbin.social

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

www.cnbc.com

MicroWave@lemmy.world to

News@lemmy.world · 1 year ago

cross-posted to:
tech@kbin.social

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
His new revenue is from oligarchs, not customers.

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