Elon Musk says Twitter’s ad revenue is down 50% and cash flow is negative
Elon Musk says Twitter’s ad revenue is down 50% and cash flow is negative
www.cnn.com Elon Musk says Twitter's ad revenue is down 50% and cash flow is negative | CNN Business
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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when you take out the fuzzy math it means profits are down 75%
"Cashflow is negative" means that they're losing money.
So profits are down by more than 100%.
If you add the monthly costs of the loan he took to buy Twitter, profits are down by 500%.
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