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Twitter's cash flow still negative as ad revenue drops 50%: Musk
short by Srishty Choudhury / on Saturday, 15 July, 2023
Twitter owner Elon Musk said the company's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load. "Need to reach positive cash flow before we have the luxury of anything else," Musk said. He was responding to a tweet asking him to "get a consortium together who understands your vision for...website".
read more at Reuters