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Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said, falling short of his expectation in March that Twitter could reach cash flow positive by June
The financial woes for Twitter appear to be continuing as owner Elon Musk announced the platform is experiencing a nearly 50 percent drop in advertising revenue as it struggles with heavy debt load. “We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load. Need to reach positive cash flow…
Byju's and some of its lenders have restarted negotiations in a bid to restructure its $1.2 billion term loan after the Indian education-technology firm breached certain terms of its debt agreement, according to people familiar with the situation.
Education put up here at a cost estimated at $400 billion. so what are we talking about here? we're talking about people's budgets. on average, between 210 and $314 a month is what people stay on student loan payments. for three years they have had a pause. that money has been in their pocket, building up savings and paying down debt. that is a significant bill that will come due again here. 43.8, about 44 million borrowers overall with about 37, $38,000 is the average balance. i think it's interesting, half of these people have 20,000 or less. so half of the people who are borrowers do have a...
People produce at home, i think that will help the economy longer run. we are left with a larger debt load and i think that is a longer term issue. so not an unambiguous plus, but i think generally policies have been good. >> mark zandi, thank you so much. president biden has announced investment in high speed internet. and president biden says that this funding along with other federal investments aims to connect every person in america to reliable internet by the year 2030. around 8.5 million homes and businesses are not connected to the internet. that is about 7% of the population. ahea...