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Elon Musk Admits Twitter Lost 50% Of Ad Revenue, Says Cash Flow Still Negative
Twitter owner Elon Musk said the company still has a negative cash flow because of its heavy debt load and a roughly 50% drop in advertising revenue.
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Twitter Cash Flow Still Negative Because of 50 Percent Drop in Ad Revenue, Heavy Debt: Elon Musk
Twitter's cash flow remains negative because of a nearly 50 percent drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday, falling short of his expectation in March that Twitter could reach cash flow positive by June.
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Twitter's Cash Flow Still Negative As Ad Revenue Drops 50%, Says Elon Musk
Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday.
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Government Set to Deny Funding for Vedanta-Foxconn Chip Venture: Report
The Indian government is poised to deny crucial funding for Anil Agarwal's chip venture, Bloomberg News reported on Tuesday, a setback to the billionaire's ambition to build India's 'own Silicon Valley.' The authorities are likely to inform the venture between Vedanta and Taiwan's Foxconn that it won't get incentives to make 28-nanometer chips, the...
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Twitter's 'Massive' Revenue Drop Adds to Firm's Heavy Debt Burden After Elon Musk Takeover
Elon Musk recently announced that Twitter had taken a massive hit to revenue since he completed his takeover deal over a week ago. The microblogging service was losing more than $4 million (roughly Rs. 33 crore) a day, largely because advertisers started fleeing once he took over. Musk has also blamed civil rights activists pressuring advertisers, ...
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Twitter's "Massive" Revenue Drop Adds To Its Heavy Debt Burden, Here's Why
Elon Musk's revelation that Twitter has suffered a "massive" revenue drop since he took over 10 days ago underscores the precarious nature of the social media company's finances after he saddled it with $13 billion in debt, credit experts say.
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Reliance Fined for Not Promptly Disclosing 2020 Facebook $5.7 Billion Deal
Reliance Industries and two of its compliance officers were fined for violating fair disclosure norms during Facebook's 2020 investment in its digital unit in 2020. SEBI said Reliance did not disclose the deal even after newspaper reports in March 2020 published price-sensitive details about the imminent investment that led to a spike in its shares...
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Madhya Pradesh To Pay Income Tax On Chief Minister, Council's Salaries
The Madhya Pradesh government will pay for the income tax on the salaries of serving chief ministers and the council of ministers, despite being under heavy debt and seeing its finances strained by the coronavirus pandemic
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World Sleep Day 2020: 5 Reasons Why Sleeping Well Is Important For You; Tips To Improve Sleep Quality
World Sleep Day 2020: Did you know that not sleeping well for even one day can put you in sleep debt and make you feel tired and fatigued all day? Read here to know all the reasons why sleeping well is important for you.
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Can't Sleep Well? These Wonderful Nutrients Will Definitely Help
Ever thought there can be a deep connection between the food you eat and the quality of sleep you have? Yes, your food choices can directly affect your sleep quality or duration. Here's a quick nutrient guide for you to beat those insomniac nights.
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Farmers' March To Parliament Affects Traffic In Central Delhi
Traffic in central and Lutyens' Delhi went into a tizzy on Friday as thousands of farmers, who have been camping at the Ramlila ground since Thursday, began their march to Parliament amid heavy policy deployment, to press for their various demands including debt relief and remunerative prices for their produce.
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5 Farmer Suicides In 2 Weeks Despite Uttar Pradesh's Loan Waiver Scheme
There have been five instances of farmers suicides across Uttar Pradesh last two weeks. In all five instances, the families of those who killed themselves said the farmers were under heavy debt - from government institutions and private money lenders. Two of the suicides have happened in Kanpur district, and one each in Mahoba, Banda and Kaushambhi...
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In Rare Appearance, Anil Ambani To Address Media As Telecom Reels: Report
Tycoon Anil Ambani, who controls Reliance Communications, is due to hold a media briefing today to reassure investors after worries over the telecom firm's heavy debt load rattled markets and triggered ratings downgrades.
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Call Drops: We're Under Heavy Debt, Telcos Tell Supreme Court
"They [Trai] said that we have been making Rs. 250 crores a day but what was not specified was that we are under huge debt."
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Unseasonal Rains Lash Farmers' Spirits in Maharashtra
Another fresh spell of heavy unseasonal rains lashed large parts of Maharashtra on Sunday evening, again hitting the spirit of already-beleaguered farmers. Many districts in Vidarbha, Marathawada and western Maharashtra were hit by strong showers and hailstorms accompanied by gusty winds, damaging the standing rabi crop.
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Elon Musk Admits Twitter Lost 50% Of Ad Revenue, Says Cash Flow Still Negative
Twitter owner Elon Musk said the company still has a negative cash flow because of its heavy debt load and a roughly 50% drop in advertising revenue.
-
Twitter Cash Flow Still Negative Because of 50 Percent Drop in Ad Revenue, Heavy Debt: Elon Musk
Twitter's cash flow remains negative because of a nearly 50 percent drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday, falling short of his expectation in March that Twitter could reach cash flow positive by June.
-
Twitter's Cash Flow Still Negative As Ad Revenue Drops 50%, Says Elon Musk
Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday.
-
Government Set to Deny Funding for Vedanta-Foxconn Chip Venture: Report
The Indian government is poised to deny crucial funding for Anil Agarwal's chip venture, Bloomberg News reported on Tuesday, a setback to the billionaire's ambition to build India's 'own Silicon Valley.' The authorities are likely to inform the venture between Vedanta and Taiwan's Foxconn that it won't get incentives to make 28-nanometer chips, the...
-
Twitter's 'Massive' Revenue Drop Adds to Firm's Heavy Debt Burden After Elon Musk Takeover
Elon Musk recently announced that Twitter had taken a massive hit to revenue since he completed his takeover deal over a week ago. The microblogging service was losing more than $4 million (roughly Rs. 33 crore) a day, largely because advertisers started fleeing once he took over. Musk has also blamed civil rights activists pressuring advertisers, ...
-
Twitter's "Massive" Revenue Drop Adds To Its Heavy Debt Burden, Here's Why
Elon Musk's revelation that Twitter has suffered a "massive" revenue drop since he took over 10 days ago underscores the precarious nature of the social media company's finances after he saddled it with $13 billion in debt, credit experts say.
-
Reliance Fined for Not Promptly Disclosing 2020 Facebook $5.7 Billion Deal
Reliance Industries and two of its compliance officers were fined for violating fair disclosure norms during Facebook's 2020 investment in its digital unit in 2020. SEBI said Reliance did not disclose the deal even after newspaper reports in March 2020 published price-sensitive details about the imminent investment that led to a spike in its shares...
-
Madhya Pradesh To Pay Income Tax On Chief Minister, Council's Salaries
The Madhya Pradesh government will pay for the income tax on the salaries of serving chief ministers and the council of ministers, despite being under heavy debt and seeing its finances strained by the coronavirus pandemic
-
World Sleep Day 2020: 5 Reasons Why Sleeping Well Is Important For You; Tips To Improve Sleep Quality
World Sleep Day 2020: Did you know that not sleeping well for even one day can put you in sleep debt and make you feel tired and fatigued all day? Read here to know all the reasons why sleeping well is important for you.
-
Can't Sleep Well? These Wonderful Nutrients Will Definitely Help
Ever thought there can be a deep connection between the food you eat and the quality of sleep you have? Yes, your food choices can directly affect your sleep quality or duration. Here's a quick nutrient guide for you to beat those insomniac nights.
-
Farmers' March To Parliament Affects Traffic In Central Delhi
Traffic in central and Lutyens' Delhi went into a tizzy on Friday as thousands of farmers, who have been camping at the Ramlila ground since Thursday, began their march to Parliament amid heavy policy deployment, to press for their various demands including debt relief and remunerative prices for their produce.
-
5 Farmer Suicides In 2 Weeks Despite Uttar Pradesh's Loan Waiver Scheme
There have been five instances of farmers suicides across Uttar Pradesh last two weeks. In all five instances, the families of those who killed themselves said the farmers were under heavy debt - from government institutions and private money lenders. Two of the suicides have happened in Kanpur district, and one each in Mahoba, Banda and Kaushambhi...
-
In Rare Appearance, Anil Ambani To Address Media As Telecom Reels: Report
Tycoon Anil Ambani, who controls Reliance Communications, is due to hold a media briefing today to reassure investors after worries over the telecom firm's heavy debt load rattled markets and triggered ratings downgrades.
-
Call Drops: We're Under Heavy Debt, Telcos Tell Supreme Court
"They [Trai] said that we have been making Rs. 250 crores a day but what was not specified was that we are under huge debt."
-
Unseasonal Rains Lash Farmers' Spirits in Maharashtra
Another fresh spell of heavy unseasonal rains lashed large parts of Maharashtra on Sunday evening, again hitting the spirit of already-beleaguered farmers. Many districts in Vidarbha, Marathawada and western Maharashtra were hit by strong showers and hailstorms accompanied by gusty winds, damaging the standing rabi crop.
