Elon Musk says that Twitter's cash flow is still in the red due to a 50% drop in advertising revenue.

Musk says a 50% drop in ad revenue for Twitter is causing negative cash flow::Elon Musk says that Twitter’s cash flow is still in the red due to a 50% drop in advertising revenue.

  • FuglyDuck@lemmy.worldEnglish
    111·
    1 year ago

    It’s an ego thing. he wanted to be cool. Like Myspace tom.

    keep in mind that even at what he paid for it, it’s still not a loss he’s going to really feel. It’s the difference between his grandkids having their own G280 vs them having their own G800 gulfstream.

    • vezrien@lemmy.worldEnglish
      8·
      1 year ago

      He wanted to pretend to be interested long enough to read Amber Heards DMs and then back out. He didn’t count on Twitter wanting to sell.