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Elon Musk says Twitter's cash flow still negative as ad revenue drops 50% (www.reuters.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[-] kiwifoxtrot@lemmy.world 10 points 1 year ago

I don't think it's possible at this point to turn a profit. There is no more fat to cut and there's no one left to develop anything new. Best case is he is able to sell Twitter at a huge loss and walk away.

[-] Naia@lemmy.blahaj.zone 7 points 1 year ago

Who is he gonna sell it to? Nobody would want it thanks to whay he did to it.

this post was submitted on 16 Jul 2023

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