Elon Musk reveals Twitter's negative cash flow and ad revenue decline

Elon Musk, executive chairman of Twitter, revealed that the social media platform is still experiencing negative cash flow due to a 50% drop in advertising revenue and a heavy debt load following his $44 billion buyout last year. Musk emphasized the need to achieve positive cash flow before addressing other issues. Advertisers began leaving the platform after Musk's acquisition, resulting in significant interest payments and controversial decisions such as layoffs and changes to content moderation. Despite previous claims of breaking even, Musk's recent statement contradicts that assertion. Twitter faces additional pressure from rival platform Threads, owned by Meta, which recently surpassed 100 million users.