News Formal

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

  • 📰 calgarysun
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

Get exclusive access to the Calgary Sun ePaper, an electronic replica of the print edition that you can share, download and comment on.Support local journalists and the next generation of journalists.Subscribe now to read the latest news in your city and across Canada.Get exclusive access to the Calgary Sun ePaper, an electronic replica of the print edition that you can share, download and comment on.Support local journalists and the next generation of journalists.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 63. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Musk says Twitter is losing cash because advertising is down and the company is carrying heavy debtElon Musk says Twitter is still losing cash because advertising has dropped by half.
Source: OttawaCitizen - 🏆 21. / 68 Read more »

Musk says Twitter is losing cash because advertising is down and the company is carrying heavy debtElon Musk says Twitter is still losing cash because advertising has dropped by half.
Source: ottawasuncom - 🏆 4. / 92 Read more »

Musk says Twitter losing cash because advertising is down and company is carrying heavy debtElon Musk says Twitter is still losing cash because advertising has dropped by half.
Source: CP24 - 🏆 30. / 67 Read more »

Musk says Twitter is losing cash because advertising is down and the company is carrying heavy debtElon Musk says Twitter is still losing cash because advertising has dropped by half.
Source: TheTorontoSun - 🏆 23. / 68 Read more »