Elon Musk says Twitter’s ad revenue is down 50% and cash flow is negative (opens in new tab)

(cnn.com)

14 pointsbatmaniam2y ago4 comments

4 comments

> “It’s definitely been extremely difficult,” Musk said in Twitter Spaces livestream event Musk hosted with Robert F. Kennedy, Jr last month. “Basically, our revenue is cut in half because we didn’t toe the line.” He added it’s been a “huge struggle for Twitter to break even.”

Toe what line?

3cats-in-a-coat2y ago

He's basically announcing to us all he intends to keep repeating his mistakes and keep expecting different results.

Eventually the creditors and investors will step in and wrestle control out of his hands.

throw47474777j2y ago

It’s an imaginary line.

MattGaiser2y ago

> Among the creators who now get monetized off Twitter: Andrew Tate, the self-proclaimed “misogynist” online influencer, who was indicted in Romania on charges of human trafficking, rape and setting up a criminal gang.

Sponsoring human traffickers will unsurprisingly make advertisers run for the hills.

j / k navigate · click thread line to collapse