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@wrath0110@midwest.social to Technology@lemmy.mlEnglish • 2 years ago

Musk says a 50% drop in ad revenue for Twitter is causing negative cash flow

www.phonearena.com

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  • cross-posted to:
  • technology@lemmy.world
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Musk says a 50% drop in ad revenue for Twitter is causing negative cash flow

www.phonearena.com

@wrath0110@midwest.social to Technology@lemmy.mlEnglish • 2 years ago
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  • technology@lemmy.world
Elon Musk says that Twitter's cash flow is still in the red due to a 50% drop in advertising revenue.
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  • danielbln
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    23•2 years ago

    Someone found out.

  • @mporembs@lemmy.world
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    19•2 years ago

  • @trashhalo@beehaw.org
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    14•2 years ago

    Thread comment hit the nail on the head

    english teachers could use this as a textbook example of passive voice … “see, kids, he acts like these things happened TO him not BECAUSE of him”

    Musk: We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load. Need to reach positive cash flow before we have the luxury of anything else.

  • @MeshPotato@lemmy.world
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    14•2 years ago

    Maybe doubling down will help . . . Getting this platform to disappear 100%!

  • Sticky Fedi
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    14•2 years ago

    Musk uses “piss off users”.

    It hurt itself in the confusion.

  • @brmbl@feddit.de
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    10•2 years ago

    Can‘t wait to read takes on why this is actually a genius move

  • @CalcProgrammer1@lemmy.ml
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    4•2 years ago

    Happy news!

  • @YellowtoOrange@lemmy.world
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    4•2 years ago

    Is he forced to disclose this, as this will confirm reports that Twitter is dying, which may hasten people leaving, and companies lsaving.

    • @Banzai51@midwest.social
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      1•2 years ago

      Nope. He took Twitter private, so he doesn’t have to publicly disclose Twitter’s finances.

      So this is just an own goal.

  • @tartan@lemmy.world
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    4•2 years ago

    Well well well…… Looks like someone found out. Lol

  • @thatsjustgreat@lemmy.world
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    1•2 years ago

    Oh no.

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