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.

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.

  • Viking_Hippie@lemmy.worldEnglish
    7·
    1 year ago

    Nobody could guessed that alienating everyone except fascists and the alt right could be a bad business decision…

    • ultratiem @lemmy.worldEnglish
      2·
      1 year ago

      Elon is the type of guy who comes to your party and plays the worst, out of touch music, driving everyone away and then complains your party sucks.

      He’s the last person you want in charge of anything “social.”