this post was submitted on 16 Jul 2023
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389
Musk says a 50% drop in ad revenue for Twitter is causing negative cash flow (www.phonearena.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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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.

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[–] FuglyDuck@lemmy.world 20 points 1 year ago (1 children)

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.world 10 points 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.