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Twitter owner Elon Musk has now said that the company is still losing cash and the advertsement revenues are down 50%.

Sunday, July 16, 2023 - 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, July 15, 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…

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, July 15, 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 […]

Platform will increase number of tweets that verified account users can see daily by 50%

Since storming out of the gates with 100 million users in less than a week, Meta Platform Inc.’s META much-ballyhooed Twitter-killer has cooled in growth and…

Elon Musk takes a jab at Mark Zuckerberg's declining Threads app while celebrating Twitter's platform usage increase, highlighting the contrasting fortunes of the two social media platforms.

After multiple EU-based users complained about not being able to access Instagram’s Threads app through VPN, Meta confirmed that it is...

Recent data indicated Meta Platforms' new app text-based app Threads has experienced declines in two metrics used to measure engagement from levels it posted shortly after rolling out.

In the early hours of Saturday morning, Musk tweeted Twitter was suffering from an ongoing negative cash flow issue due to an approximately 50 percent drop in advertising revenue and heavy debt burden.

The social media platform announced in June it would pay content creators for advertisements.