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Musk says Twitter has lost nearly 50 percent of ad revenue, struggling with a ‘heavy debt load’ 

Por: The Hill Tech July 18, 2023

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The financial woes for Twitter appear to be continuing as owner Elon Musk announced the platform is experiencing a nearly 50 percent drop in advertising revenue as it struggles with heavy debt load.   “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,” Twitter owner Musk wrote .   in a $44 billion deal. He served as... + full article



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