Elon Musk Speaks Out: Twitter’s Cash Flow Remains in the Red as Ad Revenue Takes a 50% Hit
Elon Musk claimed on Saturday that Twitter’s cash flow remained negative due to a roughly 50% decline in advertising revenue and a large debt load, falling short of his March prediction that Twitter will be cash flow positive by June. This is the latest indication that Musk’s aggressive cost-cutting measures since acquiring Twitter in October […]