Twitter’s cash flow is still negative, according to Elon Musk’s statement, and one of two reasons is that its ad revenue has dropped by nearly 50%.
Elon Musk, who officially became the owner of Twitter on October 27, 2022, has been struggling with the problems of the platform since then. Musk, who has fallen far above the platform with his own interface changes and subscription systems such as Twitter Blue, has not yet still not profitable.
Stating that cash flows could not go into a positive direction, Musk said that the reason for this was the endless and increasing debts, plus advertising revenues, Twitter. 50% reduction compared to when he took over tying.
“Our cash flow is still negative.”
Tesla, SpaceX and Twitter CEO, famous billionaire Elon Musk, in a reply to someone on Twitter, said that the platform Advertising revenues fell by half:
“Our cash flow is still negative due to ~50% drop in ad revenue and heavy debt load. We need to achieve positive cash flow before we have the luxury of doing anything else.”
This rhetoric of Musk has led to the fact that Twitter’s ad revenue sharing program has some effects, including a handful of far-right content producers. immediately after it started paying creators came. He also announced Twitter’s usage rates yesterday and highest number of users they have reached had also announced.
‘About advertisers who left when he took over Twitter before’either they’re back or they’ll be back soon’ He also has a saying like that. Let’s see, the famous billionaire is one of the world’s largest social media platforms. to put it on a solid financial footing. What moves will he make?
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Source :
https://www.engadget.com/elon-musk-says-twitters-ad-revenue-has-dropped-by-50-percent-202600398.html?guccounter=1