As ad income declines by 50%, Elon Musk claims that Twitter’s cash flow is still negative

Elon Musk stated on Saturday that Twitter’s cash flow is still negative due to a nearly 50% decline in advertising revenue and a high debt load, falling short of his prediction from March that Twitter might become cash flow positive by June.

Musk responded to demands for recapitalization in a tweet by saying, “Need to reach positive cash flow before we have the luxury of anything else.”

Due to a 50% decline in advertising revenue and a high debt burden, we are still in the negative cash flow zone. We must have positive cash flow before we can afford anything else in the way of luxury.