Elon Musk says Twitter’s ad revenue is down 50% and cash flow is negative
Elon Musk says Twitter’s ad revenue is down 50% and cash flow is negative
www.cnn.com Elon Musk says Twitter's ad revenue is down 50% and cash flow is negative | CNN Business
Elon Musk disclosed on Twitter Saturday that, due to a 50% drop in advertising revenue and a “heavy debt load,” the platform still has a negative cash flow.
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Less money coming in means less chance for it to survive. Hopefully he decides just to shut it down!
I doubt it'll ever get shut down... Much better chance of being sold at a steep discount.
Maybe it'll get rolled into Threads when Elmo and his merry band of miscreants are gone and the advertisers return.
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