Elon Musk says Twitter cash flow is negative due to ad revenue declines, 'heavy debt'
Publishing timestamp: 2023-07-15 18:49:18
Summary
Elon Musk, owner and CTO of Twitter, stated that the company's cash flow remains negative due to a drop in advertising revenue and heavy debt. Despite recent efforts to share ad revenue with content creators, Twitter is still facing financial challenges. Musk's comments come shortly after Linda Yaccarino took over as Twitter CEO, sparking hope for improvement in the company's ad business. Several influencers, including controversial figures, have shared receiving payments from Twitter, but the total amount paid out is unclear.
Sentiment: MIXED
Keywords: technology, comcast corp, internet, breaking news: technology, social media, tesla inc, business news, business, elon musk, advertising,