World News@lemmy.worldEnglish • 2 years ago

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

www.cnn.com

@Newstart@lemmy.world to

World News@lemmy.worldEnglish • 2 years ago

Elon Musk says Twitter's ad revenue is down 50% and cash flow is negative | CNN Business

www.cnn.com

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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0•2 years ago
Maybe he’s just really not good at running a social media company.

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