News@lemmy.world · 2 years ago

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

www.cnbc.com

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

www.cnbc.com

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News@lemmy.world · 2 years ago

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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2 years ago
Mildly profitable for about 2 years. After 12 years of losses. Then lost money even before the moron bought it.

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