Elon Musk says Twitter cashflow still negative amid 50% drop in ad revenue
by Reuters from Technology | The Guardian on (#6D0ZP)
Latest sign that aggressive cost-cutting measures since Musk acquired Twitter are not enough to get cashflow positive
Twitter's cashflow 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 be cashflow positive by June.
Need to reach positive cashflow before we have the luxury of anything else," Musk said in a tweet replying to suggestions on recapitalization.
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