Twitter’s Negative Cash Flow Continues, Says Elon Musk

  • Twitter’s cash flow remains negative due to approximately 50% drop in ad revenue and heavy debt.
  • Musk hinted that recent cost-cutting efforts have not been enough to make Twitter cash flow positive.
  • Linda Yaccarino, former ad chief at Comcast’s NBCUniversal, was hired as Twitter’s CEO to bolster ads and subscription revenue.
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