In a reply to a tweet offering business advice, Musk tweeted 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.
In April, Musk said most of the advertisers who left had returned and that the company might become cash-flow positive in the second quarter.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ottawasuncom - 🏆 4. / 92 Read more »
Source: CP24 - 🏆 30. / 67 Read more »
Source: TheTorontoSun - 🏆 23. / 68 Read more »