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The Independent UK
The Independent UK
National
The Associated Press

Musk says Twitter is losing cash because advertising is down and the company is carrying heavy debt

Twitter Inc. Elon Musk
Copyright 2017 The Associated Press. All rights reserved.

Elon Musk says Twitter is still losing cash because advertising has dropped by half.

In a reply to a tweet offering business advice, Mr Musk tweeted Saturday: “We’re still negative cash flow, due to (about a) 50 per cent drop in advertising revenue plus heavy debt load.”

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