Elon Musk says Twitter's ad revenue is down 50% and cash flow is negative | CNN Business
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Elon Musk disclosed on Twitter Saturday that, due to a 50% drop in advertising revenue and a “heavy debt load,” the platform still has a negative cash flow.
    • Aceticon@lemmy.worldEnglish
      62·
      3 years ago

      “Cashflow is negative” means that they’re losing money.

      So profits are down by more than 100%.

    • suspecm@lemmy.worldEnglish
      2·
      3 years ago

      If you add the monthly costs of the loan he took to buy Twitter, profits are down by 500%.