- cross-posted to:
- technology@lemmy.world
- news@lemmy.ml
- cross-posted to:
- technology@lemmy.world
- news@lemmy.ml
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.
“Need to reach positive cash flow before we have the luxury of anything else,” Musk said in a tweet replying to suggestions on recapitalization.
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