'Heavy debt': Elon Musk says Twitter cash flow negative after ad revenue declines (www.cnbc.com)

submitted 1 year ago* (last edited 1 year ago) by kuontom@kbin.social to c/tech@kbin.social

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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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[-] macrocephalic@lemmy.fmhy.ml 13 points 1 year ago

Cash flow at twitter remains negative because I don't understand the business.

FIFY Elmo.

[-] Kata1yst@kbin.social 1 points 1 year ago

And can't trust that others might be smarter than him.

this post was submitted on 15 Jul 2023

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