Elon Musk said Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load. He also said the company will “need to reach positive cash flow before we have the luxury of anything else.” The Tesla and SpaceX CEO took over Twitter in October last year in a deal valued at $44 billion, including about $13 billion in debt. After the takeover, he made several controversial choices at the social media company, including mass layoffs and changing its approach to content moderation. These changes led to many advertisers turning their backs on … Continue reading Twitter’s Financial Troubles Deepen as Cash Flow Remains Negative