World News@lemmy.worldEnglish · 1 year ago

Elon Musk says Twitter’s ad revenue is down 50% and cash flow is negative

www.cnn.com

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Elon Musk says Twitter’s ad revenue is down 50% and cash flow is negative

www.cnn.com

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World News@lemmy.worldEnglish · 1 year ago

106

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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This is why I’m not a billionaire. I just don’t have that billionaire mindset.

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