And months after Elon Musk take over Twitter is still
struggling financially. The entrepreneur admitted over the weekend,
responding to a tweet from another user, Musk said
the company still has negative cash flow due to a
50% drop in ad sales as well as heavy debt
load. That contradicts what Musk said in April when
he told the BBC that Twitter was roughly breaking even
end quote and that most of its advertisers have returned
following a chaotic transition. About 75% of employees were
laid off after Musk took over the company last October
in a$44 billion deal.