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Musk says Twitter is losing cash because advertising is down and the company is carrying heavy debt
July 17, 2023 08:30 am
San Francisco, July 17: Elon Musk says Twitter is still losing cash because advertising has dropped by half. In a reply to a tweet offering business advice, Musk tweeted Saturday, “We’re still negative cash flow, due to (about a) 50% drop in advertising revenue plus heavy debt load.”
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