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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’

cross-posted to:
tech@kbin.social

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

MicroWave@lemmy.world to

News@lemmy.world · 2 years ago

cross-posted to:
tech@kbin.social

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

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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ParkingPsychology@kbin.social
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2 years ago
Heavy debt, he caused by overpaying for Twitter with loans with high interest rates. And now Twitter needs to somehow “make a profit”.

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