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News@lemmy.world · 1 year ago

Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’

cross-posted to:
tech@kbin.social

474

Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’

MicroWave@lemmy.world to

News@lemmy.world · 1 year ago

cross-posted to:
tech@kbin.social

Elon Musk says Twitter cash flow is negative due to ad revenue declines, 'heavy debt'

Musk said early Saturday that cash flow at Twitter remains negative because of a nearly 50% drop in advertising revenue coupled with "heavy debt."

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YoBuckStopsHere@lemmy.world
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1 year ago
Early Twitter was good, started going to crap around 2012.
- BarqsHasBite@lemmy.ca
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  1 year ago
  What happened 2012?
  - YoBuckStopsHere@lemmy.world
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    1 year ago
    https://en.wikipedia.org/wiki/2012_United_States_presidential_election#:~:text=Obama won 332 electoral votes,a smaller popular vote percentage.
- Teh@sh.itjust.works
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  1 year ago
  Eh, I’d say earlier than that. Twitter was pretty much trash by 2010 in my book.

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