Elon Musk says Twitter still in ‘negative cash flow’ due to 50% drop in advertising, debt

Elon Musk revealed Saturday that Twitter’s cash flow is still negative due to a drop in advertising on the site and a “heavy debt load” following his $44 billion buy last year. 

“We’re still negative cash flow, due to — 50% drop in advertising revenue plus heavy debt load,” the Tesla and SpaceX CEO, who is Twitter’s executive chairman, said in response to a user who suggested the platform recapitalize. “Need to reach positive cash flow before we have the luxury of anything el