Twitter still has “negative cash flow” and has suffered around a 50 per cent drop in advertising revenue since being purchased last October, according to its buyer, Elon Musk.
“We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load,” the CEO said in reply to a tweet suggesting seeking a consortium to buy the site’s debt. “Need to reach positive cash flow before we have the luxury of anything else.”
