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World News@lemmy.worldEnglish • 2 years ago

Elon Musk says Twitter’s ad revenue is down 50% and cash flow is negative

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Elon Musk says Twitter’s ad revenue is down 50% and cash flow is negative

@Newstart@lemmy.world to

World News@lemmy.worldEnglish • 2 years ago

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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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@vimdiesel@lemmy.world
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0•2 years ago
when you take out the fuzzy math it means profits are down 75%
- @suspecm@lemmy.world
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  2 years ago
  If you add the monthly costs of the loan he took to buy Twitter, profits are down by 500%.
- @Aceticon@lemmy.world
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  2 years ago
  “Cashflow is negative” means that they’re losing money.
  
  So profits are down by more than 100%.

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