US EditionElon Musk says Twitter's cash flow still negative as ad revenue drops
- Twitter's advertising revenue has declined by nearly 50% since Elon Musk acquired the company for $44 billion in October 2022, causing financial challenges.
- Musk laid off half of Twitter's staff and implemented cost-cutting measures in an attempt to improve the company's financial situation.
- Despite efforts to attract advertisers, Twitter has struggled to regain their trust due to changes in content moderation rules and a decrease in user engagement, leading to a drop in ad revenue.
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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 percent 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.
·Korea, Republic of
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Twitter's cash flow still negative as ad revenue drops
Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said over the weekend, falling short of his expectation in March that Twitter could reach cash flow positive by June.
·Ireland
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Total News Sources193
Leaning Left41Leaning Right22Center79Last UpdatedBias Distribution56% Center
Bias Distribution
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56% Center
L 29%
C 56%
15%
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