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

📆 7/17/2023 12:45 AM
📰 calgarysun

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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 ONLYUnlimited online access to articles from across Canada with one account and fewer ads.

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