Elon Musk says Twitter’s cash flow still negative as ad revenue drops

Elon Musk said Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load.

“Need to reach positive cash flow before we have the luxury of anything else,” Musk said in a tweet early on Saturday.

After Musk acquired Twitter in October, the social media firm faced months of chaos, including layoffs of thousands of employees, criticism over lax con ..