Musk admits advertisers haven ’t returned to Twitter, ad revenue down 50%

Twitter-owner Elon Musk says the company is still losing money because advertising revenue is down 50 percent. "We're still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load. Need to reach positive cash flow before we have the luxury of anything else," Musk wrote in…#elonmusk #twitter #meta #threads

Source: Reuters: Health - July 17, 2023 Category: Consumer Health News Source Type: news