Elon Musk has said Twitter is losing cash because advertising has dropped by half. In a reply to a tweet offering business advice, the billionaire tweeted on 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 […]
![Elon Musk says Twitter is losing cash due to heavy debt and drop in advertising FILE - A Twitter app icon on a mobile phone is displayed April 26, 2017, in Philadelphia. TikTok and Instagram users can scroll with abandon. But Twitter owner Elon Musk has put new curfews on his digital town square, the latest drastic change to the social media platform that could further drive away advertisers and undermine its cultural influence as a trend-setter. (AP Photo/Matt Rourke, File)](https://technology.ie/wp-content/uploads/2023/07/featureimage-8-140x140.jpg)