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Twitter loses nearly half advertising revenue since Elon Musk takeover

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The Twitter splash page is seen on a digital device, April 25, 2022, in San Diego. Twitter on April 20, 2023. [File]

Elon Musk says Twitter is still losing cash because advertising has dropped by half.

In a reply to a tweet offering business advice, Musk tweeted Saturday, "We're still negative cash flow, due to (about a) 50% drop in advertising revenue plus heavy debt load."

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