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Musk Says Twitter Ad Revenue Has Plunged 50%, Citing Debt Load and Advertiser Exodus

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Overview

  • Twitter's ad revenue has dropped about 50% since Musk's takeover, according to the owner.
  • The revenue loss and debt from the $44 billion acquisition have kept Twitter cash flow negative.
  • Controversial changes by Musk like layoffs led advertisers like GM and United Airlines to pause spending.
  • Musk brought on exec Linda Yaccarino but remains involved in decisions, complicating advertiser relations.
  • The shift has fueled toxic content and decreased users, though some advertisers are returning.