Business Blog: Elon Musk says Twitter's cash flow still negative as ad revenue drops

Saturday, July 15, 2023

Elon Musk says Twitter's cash flow still negative as ad revenue drops

Elon Musk said Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load. "Need to reach positive cash flow before we have the luxury of anything else," Musk said in a tweet early on Saturday.

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