Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’

Elon Musk, who is the CEO of Tesla and SpaceX, and also the CTO and executive chairman of Twitter, said on Twitter early Saturday morning that Twitter’s cash flow is negative due to a nearly 50% drop in advertising revenue and “heavy debt” .

Musk stated that Twitter needs to reach positive cash flow before it can focus on anything else .