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Musk says a 50% drop in ad revenue for Twitter is causing negative cash flow

https://www.phonearena.com/news/twitter-ad-revenue-down-50-percent_id148944

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.

40 comments

TheCelticPirate

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Good thing he didn't go woke or else Twitter would be going broke. /s

j4k3

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Billionaires pay the idiots through misinformation to do their bidding. Selling to the idiots is to make yourself king idiot.

FuglyDuck

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Musk didn’t buy Twitter to make a profit.

He bought Twitter to control the conversation.

RvTV95XBeo

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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.

FuglyDuck

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It's an ego thing. he wanted to be cool. Like Myspace tom.

keep in mind that even at what he paid for it, it's still not a loss he's going to really feel. It's the difference between his grandkids having their own G280 vs them having their own G800 gulfstream.

vezrien

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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

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

lapommedeterre

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Try, but seems to be failing at it. Also probably checking out everyone's DMs.

Candelestine

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Huh... I never woulda guessed that might happen. This is frankly, astounding, and extremely newsworthy. Surely there is a great deal we can learn from a deep dive into this doubtlessly extraordinarily complex topic.

RocksForBrains

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Looks like advertisers don't want to be associated with right wing terrorists and pedophiles.

The_Nostromo

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Remember when Musk called that cave diver trying to rescue the soccer team a pedo because he called Musk out for how shitty his submarine idea was

xavier666

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Oh no, that's so sad! Anyway, what did you guys have for lunch? I had rice

mhz

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A tacos most likely, I will know in the next 30min

xavier666

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Don't make the taco too spicy. The feeling in the toilet is worse than Twitter's negative cash flow :(

daanzel

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Ordered a subway sandwich, ate the whole thing, now in regret..

Kodemystic

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Just rice? I had bread.

geissi

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Just bread? I had noodles.

Silviecat44

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I had a peanut butter and banana wrap (I was ay home, it was convenient) . Did you have anything with the rice or was it just plain?

xavier666

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Rice with chicken curry. One of the most delicious combinations which will never get old.

HardlightCereal

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spaghetti

drturtle

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Has he tried firing all the employees? I hear that helps with cash flow. /s

LEDZeppelin

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What happened Elon? Did you forget to let all the lunatics loose and call it FrEe SpeEEeeEcH?

Captain_Patchy

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And exactly who's fault IS that drop, elrod?

markr

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The problem is obviously the Woke mind virus.

DarthDarthBinks

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So we can assume reddit will go down the same road

assembly

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He should probably stop cutting 5 figure checks to every MAGA crazy on Twitter then if finances are that bad.

rageagainstmachines

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Burn it all down

xc2215x

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Advertisers don't want him to pay extreme right wingers most likely.

ricecooker

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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.

And now Elon gets to play the same game that every other social network plays. Will be interesting to see how he reacts.