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Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’ (www.cnbc.com)

submitted 3 years ago by MicroWave@lemmy.world to c/news@lemmy.world

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[–] ParkingPsychology@kbin.social 4 points 3 years ago

Heavy debt, he caused by overpaying for Twitter with loans with high interest rates. And now Twitter needs to somehow "make a profit".

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