Elon Musk said Saturday that Twitter is struggling with a "heavy debt load" due to losing 50% of advertising revenue, resulting in the platform having a negative cash flow. "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 tweeted to a user. We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load. Elon Musk says Twitter has 'negative cash flow' and 'heavy debt' originally appeared on abcnews.go.com

Source: ABC News July 16, 2023 09:24 UTC