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

109

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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vimdiesel@lemmy.world
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1 year ago
when you take out the fuzzy math it means profits are down 75%
- Aceticon@lemmy.world
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  1 year ago
  “Cashflow is negative” means that they’re losing money.
  
  So profits are down by more than 100%.
- suspecm@lemmy.world
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  If you add the monthly costs of the loan he took to buy Twitter, profits are down by 500%.

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