Musk says Twitter is losing cash: Advertising is down and debt is high

Musk says Twitter is losing cash: Advertising is down and debt is high

Newsy

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ViewElon Musk says Twitter is still losing cash because advertising has dropped by half.

In a reply to a tweet offering business advice, Musk tweeted Saturday, "We're still negative cash flow, due to (about a) 50% drop in advertising revenue plus heavy debt load."

"Need to reach positive cash flow before we have the luxury...

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