Elon Musk says that Twitter's cash flow is still in the red due to a 50% drop in advertising revenue.

Musk says a 50% drop in ad revenue for Twitter is causing negative cash flow::Elon Musk says that Twitter’s cash flow is still in the red due to a 50% drop in advertising revenue.

    • RvTV95XBeo@sh.itjust.worksEnglish
      1081·
      2 years ago

      Musk didn’t buy Twitter to control the conversation, he bought it because his ego was too massive to just shut the fuck up for a minute and admit it was a stupid idea.

      He tried to pull out after he came to the same realization literally everyone had been shouting at him for months but was legally in too deep.

        • vezrien@lemmy.worldEnglish
          10·
          2 years ago

          He wanted to pretend to be interested long enough to read Amber Heards DMs and then back out. He didn’t count on Twitter wanting to sell.

      • loutr@sh.itjust.worksEnglish
        13·
        2 years ago

        I like the theory that he only wanted a reason to sell a large amount of Tesla shares without causing a panic sell.