Elon Musk says Twitter cash flow still negative amid 50% drop in ad revenue

Latest sign that aggressive cost-cutting measures since Musk acquired Twitter are not enough to get cash flow positive

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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from The Guardian https://ift.tt/GXscfYM

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