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Musk says a 50% drop in ad revenue for Twitter is causing negative cash flow (www.phonearena.com)

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

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Musk says a 50% drop in ad revenue for Twitter is causing negative cash flow::Elon Musk says that Twitter's cash flow is still in the red due to a 50% drop in advertising revenue.

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[-] loutr@sh.itjust.works 13 points 1 year ago

I like the theory that he only wanted a reason to sell a large amount of Tesla shares without causing a panic sell.

this post was submitted on 16 Jul 2023

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