Musk says a 50% drop in ad revenue for Twitter is causing negative cash flow::Elon Musk says that Twitter’s cash flow is still in the red due to a 50% drop in advertising revenue.

    • 𞋴𝛂𝛋𝛆
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      62 years ago

      Billionaires pay the idiots through misinformation to do their bidding. Selling to the idiots is to make yourself king idiot.

  • FuglyDuck
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    132 years ago

    Musk didn’t buy Twitter to make a profit.

    He bought Twitter to control the conversation.

  • @Candelestine@lemmy.world
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    12 years ago

    Huh… I never woulda guessed that might happen. This is frankly, astounding, and extremely newsworthy. Surely there is a great deal we can learn from a deep dive into this doubtlessly extraordinarily complex topic.

  • @ricecooker@lemmy.world
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    12 years ago

    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.

    And now Elon gets to play the same game that every other social network plays. Will be interesting to see how he reacts.

  • @assembly@lemmy.world
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    02 years ago

    He should probably stop cutting 5 figure checks to every MAGA crazy on Twitter then if finances are that bad.