Marener
Platinum Member
- Jul 26, 2022
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It’s a money hole.I wouldn’t say that. Just because Musk overpaid for it doesn’t mean it’s not viable.
![www.reuters.com](https://www.reuters.com/resizer/RsjDJZveQ9y8UfMRINqnj0l5yEA=/1200x628/smart/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/HFMNIUQHZNJYRBHMCGZBEGULV4.jpg)
Elon Musk says Twitter's cash flow still negative as ad revenue drops 50%
Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday, falling short of his expectation in March that Twitter could reach cash flow positive by June.