Elon Musk says Twitter’s cash flow still negative as ad revenue drops 50%::Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday, falling short of his expectation in March that Twitter could reach cash flow positive by June.

  • @_Z1useri@sopuli.xyz
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    2 years ago

    From a purely technical perspective I’m a bit confused how this clown-car has kept going for so long, after all the slash-and-burn restructuring that’s happened. Hopefully there’s going to be some engineers telling the story when Musk manages to fubar it after all.

    • @Koffiato@lemmy.ml
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      -32 years ago

      As far as I know, it was in a worse state. What Elon did since he took over is basically reducing the running costs heavily among other things.

      People tend to forget Twitter never made money so far.

      • @_Z1useri@sopuli.xyz
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        32 years ago

        But that included not paying for servers, firing people and finding out later that they had irreplaceable knowledge, demanding constant crunch time from the poor sods that are left and randomly turning off “unnecessary” services.

        I’d be really surprised if that made the overall state better.

  • @Captain_Patchy@lemmy.world
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    202 years ago

    The courts had BETTER fucking decide that he is personally liable to pay off the promises he made to the employees he forced or conned out.

  • @kiwifoxtrot@lemmy.world
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    102 years ago

    I don’t think it’s possible at this point to turn a profit. There is no more fat to cut and there’s no one left to develop anything new. Best case is he is able to sell Twitter at a huge loss and walk away.