Elon Musk didn’t kill Twitter
To find out who did, look all the way back to the start of the story.
https://www.vox.com/2023/10/25/23930711/twitter-podcast-land-of-the-giants-elon-musk
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Elon Musk says Twitter’s ad revenue has dropped by 50 percent
According to an estimate research firm Sensor Tower shared with Bloomberg, advertising spending fell by 89 percent to $7.6 million during a two-month period earlier this year. Per Reuters, Twitter has annual interest payments of about $1.5 billion due to the debt the company took on when Musk took it private for $44 billion. This is the latest sign the aggressive cost-cutting measures Musk has undertaken in the last year have not been enough to put the company on solid financial footing.
In the early hours of Saturday morning, Musk tweeted Twitter was suffering from an ongoing negative cash flow issue due to an approximately ...
https://www.engadget.com/elon-musk-says-twitters-ad-revenue-has-dropped-by-50-percent-202600398.html
