Musk says Twitter has lost half its advertising revenue

Earlier this month, Musk announced that Twitter was limiting verified accounts to reading 10,000 tweets a day. — AFP

NEW YORK: Twitter owner Elon Musk said Saturday that the social media platform he bought for US$44bil (RM199.14bil) last October has lost roughly half of its advertising revenue.

"We're still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load," the billionaire said in a post, responding to a user who was giving suggestions on financing for the platform.