Twitter has lost 50% in ad revenue and is now cash flow negative.

www.cnn.com

cross-posted to:
world@lemmy.world

Twitter has lost 50% in ad revenue and is now cash flow negative.

www.cnn.com

MaiionPostBot@chat.maiion.comB to

c/News@chat.maiion.comEnglish · 1 year ago

cross-posted to:
world@lemmy.world

Elon Musk says Twitter's ad revenue is down 50% and cash flow is negative | CNN Business

www.cnn.com

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.

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