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'Heavy debt': Elon Musk says Twitter cash flow negative after ad revenue declines (www.cnbc.com)

submitted 1 year ago* (last edited 1 year ago) by kuontom@kbin.social to c/tech@kbin.social

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

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[–] Hypx@kbin.social 2 points 1 year ago* (last edited 1 year ago)

@FaceDeer

@kuontom @const_void @Catch42

We live in the age of fraud. It's easy to fake those numbers. Hell, the regulations will even help you defraud investors. In fact, you should google Wirecard as an example of this, and realize it could totally happen again. Also, look at how rich Musk already is and realize he has already gotten away with it. Legal trouble just means he may retire in slightly less comfort than he would've anyways.