Musk: Ad revenue on Twitter collapsed by 50 percent – network policy

2023-07-17 05:30:00

Business at the short message service Twitter is worse than expected. Company owner Elon Musk wrote on Twitter on Saturday that cash flow remained negative due to a nearly 50 percent drop in revenue and a high debt burden. In March, Musk said he expected Twitter to be cash flow positive by June.

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Alexandra Hartman Editor-in-Chief

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