Musk says Twitter is losing cash because advertising is down and the company is carrying heavy debt

[ad_1]

 Twitter got a new competitor this month when Facebook owner Meta launched a text-focused app, Threads, and gained tens of millions of sign-ups in a few days.

Musk said most of the advertisers who left had returned and that the company might become cash-flow positive in the second quarter. (Image credit: Reuters)



[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *