Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load.
Elon Musk said on Saturday, that the app had fallen short of his expectation in March, and that he hoped Twitter could reach cash flow positive by June.
“Need to reach positive cash flow before we have the luxury of anything else,” Musk said in a tweet replying to suggestions on recapitalization.
His statement comes just as competition between the platform—which recently started to pay creators for advertisements—and Mark Zuckerberg’s rival Threads continues to intensify.
