Musk reveals Twitter ad revenue is down 50% as competition increases
CBSN
Twitter owner Elon Musk said the social media company's advertising revenue has plunged roughly 50%, highlighting his struggle to revive the ailing company after buying it for $44 billion.
The stark admission came in response to a comment by another Twitter user who suggested the billionaire form a consortium to buy the platform's debt.
"Need to reach positive cash flow before we have the luxury of anything else," the billionaire replied on Saturday.
On the eve of the D-Day invasion, Gen. Dwight Eisenhower spent the remaining hours of daylight with the paratroopers who were about to jump behind German lines into occupied France. A single moment captured by an Army photographer became the most enduring image of America's greatest military operation.