Elon Musk, the CEO of Tesla and SpaceX, and executive chairman of Twitter, announced that Twitter's Cash Flow remains negative due to a significant drop in advertising revenue and "heavy debt." Musk took over Twitter in October 2021 in a deal worth around $44 billion, including $13 billion in debt, which he financed by selling Tesla shares. Advertisers reduced or stopped their spending on Twitter after Musk made staff cuts and implemented changes to the platform. Despite Musk previously claiming that Twitter was "roughly breakeven," he now says the company needs to achieve positive cash flow before addressing other matters.

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