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Elon Musk disclosed on Twitter Saturday that, due to a 50% drop in advertising revenue and a “heavy debt load,” the platform still has a negative cash flow.
And that article is from late March. The almost 4 months since then haven’t exactly been reassuring for potential advertisers - remember the time Musk decided to require logins to view tweets and severely restricted the number of tweets users could view, completely without warning? If they’d made any headway in convincing advertisers to return to Twitter, that single weekend burned all that work to the ground and then some.
The new CEO must have a humiliation fetish to have taken that job.
And that article is from late March. The almost 4 months since then haven’t exactly been reassuring for potential advertisers - remember the time Musk decided to require logins to view tweets and severely restricted the number of tweets users could view, completely without warning? If they’d made any headway in convincing advertisers to return to Twitter, that single weekend burned all that work to the ground and then some.
The new CEO must have a humiliation fetish to have taken that job.