Elon Musk claims Twitter facing huge advertising loss, says 'lost half of ad revenue' - News Summed Up

Elon Musk claims Twitter facing huge advertising loss, says 'lost half of ad revenue'


Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday, falling short of his expectation in March that Twitter could reach cash flow positive by June.


Source: Economic Times July 16, 2023 07:04 UTC



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