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Coverage dated July 13, 2023 to July 15, 2023

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

Headline from KGW Portland

“We’re still negative cash flow, due to (about a) 50% drop in advertising revenue plus heavy debt load," Musk tweeted on Saturday.

KGW Portland's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Earlier updates in this story

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Reports & sources

43 articles, oldest first.

  1. Vox

    Elon Musk is just throwing money at popular Twitter users now (opens Vox)

    Published

    Vox's feed description

    Musk promised a while ago Twitter would share ad revenue with creators. Now the company is actually doing it.

  2. Engadget

    Elon Musk says Twitter’s ad revenue has dropped by 50 percent (opens Engadget)

    Published

    Engadget's feed description

    In the early hours of Saturday morning, Musk tweeted Twitter was suffering from an ongoing negative cash flow issue due to an approximately 50 percent drop in advertising revenue and heavy debt burden..

  3. NBC Los Angeles

    Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt' (opens NBC Los Angeles)

    Published

    NBC Los Angeles's feed description

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

  4. Fortune

    Elon Musk admits Twitter has ‘negative cash flow’ due to roughly 50% drop in ad revenue, heavy debt load (opens Fortune)

    Published

    Fortune's feed description

    Musk said earlier this year that many of the advertisers who fled had returned, and that becoming cash-flow positive was imminent.

  5. CNN

    Elon Musk says Twitter's ad revenue is down 50% and cash flow is negative (opens CNN)

    Published

    CNN's feed description

    Elon Musk disclosed on Twitter Saturday that, due to a 50% drop in advertising revenue and a “heavy debt load,” the platform still has a negative cash flow.

  6. Insider

    Elon Musk says Twitter is still losing money due to 'heavy debt' and sliding advertising revenues (opens Insider)

    Published

    Insider's feed description

    The Twitter CEO said advertising revenue had halved and the company's debt load was keeping cash flow in the red.

  7. FOX Business

    Elon Musk says Twitter still in ‘negative cash flow’ due to 50% drop in advertising, debt (opens FOX Business)

    Published

    FOX Business's feed description

    Elon Musk said this weekend that Twitter is still in a negative cash flow eight months after he bought the social media platform due to lower advertising and "heavy debt."

  8. KGW Portland

    Musk says Twitter is losing cash because advertising is down and the company is carrying heavy debt (opens KGW Portland)

    Published

    KGW Portland's feed description

    “We’re still negative cash flow, due to (about a) 50% drop in advertising revenue plus heavy debt load," Musk tweeted on Saturday.

  9. Boston

    Elon Musk says Twitter is losing cash because advertising is down and the company is carrying heavy debt (opens Boston)

    Published

    Boston's feed description

    “We’re still negative cash flow, due to (about a) 50% drop in advertising revenue plus heavy debt load," Musk tweeted Saturday.

  10. UPI

    Elon Musk admits Twitter experienced a 50% drop in ad revenue, has ‘heavy debt load’ (opens UPI)

    Published

    UPI's feed description

    Controversial billionaire Elon Musk admitted Saturday that his microblogging platform Twitter has experienced a roughly 50% drop in revenue and has a "heavy debt load."

  11. Digital Journal

    Musk says Twitter has lost half its advertising revenue (opens Digital Journal)

    Published

    Digital Journal's feed description

    Twitter owner Elon Musk said that the social media platform he bought for $44 billion last October has lost roughly half of its Ad revenue.

  12. France 24

    Twitter’s Elon Musk reports ‘negative cash flow, due to 50% drop in advertising revenue’ (opens France 24)

    Published

    France 24's feed description

    Twitter owner Elon Musk said Saturday that the social media platform he bought for $44 billion last October has lost roughly half of its advertising revenue.

  13. The Times of Israel

    Musk says Twitter losing cash amid advertising revenue drop of nearly 50% (opens The Times of Israel)

    Published

    The Times of Israel's feed description

    Owner and CEO says social network company, which he bought for $44 billion, is carrying heavy debt; Musk took over Twitter in the fall

  14. KEYT Santa Barbara

    Musk says Twitter is losing cash because advertising is down and the company is carrying heavy debt | News Channel 3-12 (opens KEYT Santa Barbara)

    Published

    KEYT Santa Barbara's feed description

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

  15. The Guardian

    Elon Musk says Twitter cash flow still negative amid 50% drop in ad revenue (opens The Guardian)

    Published

    The Guardian's feed description

    Latest sign that aggressive cost-cutting measures since Musk acquired Twitter are not enough to get cash flow positive

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

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