ArsTechnica: Musk admits advertisers haven’t returned to Twitter, ad revenue down 50%
ArsTechnica: Musk admits advertisers haven’t returned to Twitter, ad revenue down 50%
Twitter has negative cash flow despite Musk predicting profits last quarter.
It's almost as though Elon Musk has no fucking idea about how to run a company like a real business.
To the surprise of no one but Elon probably.
But he’ll continue to squeeze as much money from those willing to pay as he can to make up for it.
Elon Musk can't run a proper ad/ social media company correctly, and he has showed his incompetence. I hope people see what he really wants.
How much longer can Twitter continue to operate with negative cash flow? Makes me wonder if it will still be around a year from now.
Depends on how much he's subsidizing it with other sources of income. Google ran YouTube at a loss for a very long time before they finally managed to make it profitable.
Of course, I doubt that will happen here, seeing as how Twitter used to be profitable before the muskrat got his hands on it.
Along with funneling money to his cronies just to accelerate the fall..
Well well well, the consequences of his own actions