ad revenue

Twitter cash flow negative as ad revenue down 50%

Elon Musk has revealed that Twitter's cash flow remains negative due to a significant 50 percent decline in advertising revenue and a substantial debt burden. Musk's statement on Saturday fell short of his previous expectation in March that Twitter would achieve positive cash flow by June. In response to suggestions on recapitalization, Musk ...


Twitter faces $500mn severance lawsuit by ex-employees

Twitter faces $500mn severance lawsuit by ex-employees

A lawsuit filed on Wednesday stated Twitter allegedly refused to pay at least $500 million in promised severance to thousands of employees who were laid off after Elon Musk acquired the company. Courtney McMillian, who was Twitter's "head of total rewards" before being laid off in January, filed the proposed...