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Musk says Twitter is losing cash because advertising is down and the company is carrying heavy debt

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Elon Musk says Twitter is still losing cash because advertising has dropped by half.

Saturday, “We’re still negative cash flow, due to 50% drop in advertising revenue plus heavy debt load.”“Need to reach positive cash flow before we have the luxury of anything else,” he concluded.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive sports coverage by Bruce Garrioch, Ken Warren and Tim Baines, in-depth crime and news from Gary Dimmock and city life coverage from arts writers Lynn Saxberg and Peter Hum. Plus, daily newsletters and events.

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