2023-07-16 03:30:51
Twitter boss Elon Musk said on Saturday that the social network, which he bought for $44 billion in October 2022, had lost roughly half of its revenue. “We are still in a negative cash flow situation,” he shared on Twitter.
“We have to achieve positive cash flow before we have the luxury of doing anything else,” the billionaire replied on Twitter to a user who was making strategic suggestions for the bluebird network.
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The developments undertaken by Elon Musk since his takeover of Twitter have upset network users and advertisers. In May, Insider Intelligence claimed that Twitter was on course to earn less than $3 billion in 2023, almost a third less than in 2022.
Limit tweets
Since then, the billionaire has made other announcements that have displeased Internet users, such as in early July his intention to restrict the reading of tweets to 10,000 per day for verified accounts, therefore paying, to 1,000 for others and even to 500 for new accounts.
>> Read also: Elon Musk temporarily restricts Twitter volume to counter AI
A few days later, new announcement: the TweetDeck application, widely used by information professionals, will be reserved in the following month for certified accounts, therefore paying.
ats/ once more
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