Elon Musk says Twitter’s ad revenue is down 50% and cash flow is negative

possiblylinux127 , 11 months ago

surprised pikachu face

deaf_fish , 11 months ago

Good, my mental model of this situation was accurate.

Skellybones , 11 months ago

Good news to hear

Netrunner , 11 months ago

Great! Now do reddit!

aloeha , 11 months ago

He should just pull Twitter up by its bootstraps.

ecoboy , 11 months ago

Get fucked Elon

JJROKCZ , 11 months ago

I mean, who could’ve seen this coming?

solidsnake2085 , 11 months ago

Less money coming in means less chance for it to survive. Hopefully he decides just to shut it down!

pottedmeat7910 , 11 months ago

I doubt it’ll ever get shut down… Much better chance of being sold at a steep discount.

Maybe it’ll get rolled into Threads when Elmo and his merry band of miscreants are gone and the advertisers return.

vimdiesel , 11 months ago

when you take out the fuzzy math it means profits are down 75%

suspecm , 11 months ago

If you add the monthly costs of the loan he took to buy Twitter, profits are down by 500%.

Aceticon , 11 months ago

“Cashflow is negative” means that they’re losing money.

So profits are down by more than 100%.

aaron_griffin , 11 months ago

Good.

JehovasThickness , 11 months ago

Oh no, anyway

itsfreepizza , 11 months ago

Expected from elon

and now probably reddit would probably fall, if i remember , spez was inspired by elon that he wanted to apply it to reddit, i think this is the sign where spez should take note of that red-venue (pun lol)

Polydextrous , 11 months ago

Lol

ConditionOverload , 11 months ago

He should get better at begging popular YouTubers to share there content on there then.

kingthrillgore , 11 months ago

I wonder why...