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World News@lemmy.worldEnglish · 1 year ago

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

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

Newstart@lemmy.world to

World News@lemmy.worldEnglish · 1 year ago

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

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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solidsnake2085@lemmy.world
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1 year ago
Less money coming in means less chance for it to survive. Hopefully he decides just to shut it down!
- pottedmeat7910@lemmy.world
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  1 year ago
  I doubt it’ll ever get shut down… Much better chance of being sold at a steep discount.
  
  Maybe it’ll get rolled into Threads when Elmo and his merry band of miscreants are gone and the advertisers return.

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