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Twitter is in negative cash flow due to 50% drop in advertising revenue, says Elon Musk
Twitter is in negative cash flow due to 50% drop in advertising revenue, says Elon Musk
Elon Musk says Twitter is still losing cash because advertising has dropped by half. In a reply to a tweet offering business advice, Mr Musk tweeted Saturday: “We’re still negative cash flow, due to (about a) 50 per cent drop in advertising revenue plus heavy debt load.” “Need to reach positive cash flow before we have the luxury of anything else,” he concluded. Ever since he took over Twitter in a $44bn deal last fall, Mr Musk has tried to reassure advertisers who were concerned about the ouster of top executives, widespread layoffs and a different approach to content moderation. Some high-profile users who had been banned were allowed back on the site. In April, Mr Musk said most of the advertisers who left had returned and that the company might become cash-flow positive in the second quarter. In May, he hired a new CEO, Linda Yaccarino, an NBCUniversal executive with deep ties to the advertising industry. But since then, Twitter has upset some users by imposing new limits on how many tweets they can view in a day, and some users complained that they were locked out of the site. Mr Musk said the restrictions were needed to prevent unauthorized scraping of potentially valuable data. Twitter got a new competitor this month when Facebook owner Meta launched a text-focused app, Threads, and gained tens of millions of sign-ups in a few days. Twitter responded by threatening legal action. Read More Elon Musk doppelganger fights fake Mark Zuckerberg in preview of cage match Twitter starts making payments to its controversial users, including $20k to Andrew Tate Threads: Elon Musk posts series of explicit tweets about Mark Zuckerberg
2023-07-16 11:19
Old Mutual Asks Investors to Vote Down Sasol Climate Resolutions
Old Mutual Asks Investors to Vote Down Sasol Climate Resolutions
Old Mutual Investment Managers said it plans to vote against a number of resolutions at the Nov. 17
2023-11-10 20:23
Did Kai Cenat receive Kick offer? Twitch king leaves fans speculating with diss track, trolls label it 'trash'
Did Kai Cenat receive Kick offer? Twitch king leaves fans speculating with diss track, trolls label it 'trash'
In a recent collaborative rap song put out by AMP members, Kai Cenat seemed to indirectly deliver a diss track aimed at Kick
2023-07-28 22:22
Chinese payment giants revive effort to accept foreign credit cards
Chinese payment giants revive effort to accept foreign credit cards
By Josh Ye HONG KONG Chinese tech giants Tencent Holdings and Ant Group said that they would allow
2023-06-28 17:48
Change the Channel: Linear TV Viewership Dips Below 50% for First Time
Change the Channel: Linear TV Viewership Dips Below 50% for First Time
Years of the cord cutting that cable-TV executives used to insist wasn’t really happening have
2023-08-17 10:58
This Compilation of Nickelodeon Promos From the ‘80s and ‘90s Is Pure Nostalgia
This Compilation of Nickelodeon Promos From the ‘80s and ‘90s Is Pure Nostalgia
Nickelodeon's animated doo-wop segments will look familiar to anyone who grew up on the channel in the 1980s and ‘90s.
2023-05-10 22:21
EU Takes Tougher Stance on Huawei as China Tensions Rise
EU Takes Tougher Stance on Huawei as China Tensions Rise
The European Commission is increasing the pressure on member-nations to stop using Huawei Technologies Co. and ZTE Corp.
2023-06-16 15:57
Marriage proposal at Super Mario World goes viral for Luigi's reaction
Marriage proposal at Super Mario World goes viral for Luigi's reaction
A marriage proposal at Super Nintendo World has gone viral online due to the character Luigi’s hilarious reaction. Fans of the Nintendo games have been able to enjoy the Super Nintendo World theme park at Universal Studios in California since it opened in early 2023. For one superfan, he decided it was the perfect time and place for a wedding proposal and the clip was shared online after being caught on camera. In the video, a man and woman could be seen standing between the dressed-up characters of Mario and Luigi. He got on one knee and opened a ring box to pop the question. While the character of Mario displayed the appropriate level of excitement by mimicking a look of excitement and shock, the Luigi character simply stood there with his hands on his hips. When Luigi noticed what was going on, his reaction was still fairly muted and it has left viewers in hysterics. @bellabelli260 #nintendoworld #supermario #proposal #universalstudioshollywood #engagement #happilyeverafter #engagementring #supernintendoworld #mariobros #california #hollywood #supernintendoworldhollywood #supernintendo #peaches #mario #luigi #engaged One person commented: “Luigi: I do not see it.” “Luigi did NOT care,” said another. Someone else wrote: “Luigi not noticing till later is cannon.” Another commented: “LUIGI IS SENDING ME.” Others commented on the sound effects in the background that come from the Super Mario Bros video game. One TikToker argued: “Can you imagine being proposed to and in the background Mario is just blabbing about 'its Mario time!’” Sign up to our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-08-17 22:52
Khloe Kardashian shares sweet new family photo featuring her baby boy
Khloe Kardashian shares sweet new family photo featuring her baby boy
Khloe Kardashian shares sweet new family photo featuring her baby boy
2023-05-13 06:16
Mizkif's accidental Twitch earnings revelation sparks social media buzz while Asmongold mocks streamer's income
Mizkif's accidental Twitch earnings revelation sparks social media buzz while Asmongold mocks streamer's income
Mizkif said, 'While I appreciate your support, I don't need the money, you don't need to donate'
2023-09-15 19:47
US says Google pays $10 billion a year to dominate search
US says Google pays $10 billion a year to dominate search
The US government on Tuesday accused Google of paying out $10 billion a year to Apple and other firms in order to safeguard...
2023-09-13 04:18
Knightscope Books Three New Sales
Knightscope Books Three New Sales
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aug 10, 2023--
2023-08-10 21:45