Elon Musk said Twitter was still losing money, blaming a"heavy debt load" and sliding advertising revenue.replying to a user who suggested Musk get a consortium together to buy Twitter's debt, he bemoaned the company's uncomfortable financial position.
"We're still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load," Musk tweeted."Need to reach positive cash flow before we have the luxury of anything else."Musk's made sweeping changes to Twitter since paying $44 billion to buy it last October, including cutting aboutStill, Musk faces a steep uphill battle to make the firm profitable.
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