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'Heavy debt': Elon Musk says Twitter cash flow negative after ad revenue declines (www.cnbc.com)

submitted 1 year ago* (last edited 1 year ago) by kuontom@kbin.social to c/tech@kbin.social

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Musk said early Saturday that cash flow at Twitter remains negative because of a nearly 50% drop in advertising revenue coupled with "heavy debt."

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[–] Hypx@kbin.social 2 points 1 year ago

@FaceDeer

@kuontom @const_void

2023 is the beginning of the end of ZIRP. Of course starting now, a lot of companies are going bankrupt. But that hasn't reached Tesla yet.

Also, who goes around thinking Mazda is this huge company? Sure, it is a not as small as say, a startup company, but it is still consider small.