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.
Nobody could guessed that alienating everyone except fascists and the alt right could be a bad business decision…
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.”
The courts had BETTER fucking decide that he is personally liable to pay off the promises he made to the employees he forced or conned out.
I don’t think it’s possible at this point to turn a profit. There is no more fat to cut and there’s no one left to develop anything new. Best case is he is able to sell Twitter at a huge loss and walk away.
Who is he gonna sell it to? Nobody would want it thanks to whay he did to it.
Damn no way
Elon has not been the best.
Isn’t his acquisition a large part of why it has such a heavy debt load in the first place?
oh noes!
Cutting costs by 3 billion certainly wasn’t going to turn Twitter sustainable.
Good
