World News@lemmy.worldEnglish · 1 year ago

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

www.cnn.com

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

www.cnn.com

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World News@lemmy.worldEnglish · 1 year ago

105

cross-posted to:
[email protected]

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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1 year ago
Ego, narcism, over confidence, his entourage of Dick riding sycophants… The list goes on. Basically they called his bluff Elon walked right into it.

It’ll be years, if not decades before Elon truly appreciates that he fucked this up.

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