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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’

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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

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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@TenderfootGungi@lemmy.world
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17•2 years ago
It was mildly profitable.
- @somethingsnappy@lemmy.world
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  3•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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