Elon Musk says Twitter's ad revenue is down 50% and cash flow is negative | CNN Business
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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.
  • solidsnake2085@lemmy.worldEnglish
    91·
    1 year ago

    Less money coming in means less chance for it to survive. Hopefully he decides just to shut it down!

    • pottedmeat7910@lemmy.worldEnglish
      6·
      1 year ago

      I doubt it’ll ever get shut down… Much better chance of being sold at a steep discount.

      Maybe it’ll get rolled into Threads when Elmo and his merry band of miscreants are gone and the advertisers return.