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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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State-Run Telecom Firms MTNL, BSNL Line Up $2.34 Billion Debt Sales
Indian corporate bond market participants are braced for a heavy supply of government-guaranteed bonds over the next few weeks.
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From Multibaggers To Multibeggers: 4 Popular Stocks That Crashed Significantly
Stocks with certain red flags such as loan defaults, rating downgrades, selling of pledged shares, rising debt, and poor earnings, should be avoided at any cost.
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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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Yes Bank's March Quarter Records Profit At Rs 367 Crore
Yes Bank on Saturday reported a net profit of Rs 367 crore for the March 2022 quarter, helped by a heavy reduction in provisions for bad debts
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Penny Stocks Are Hot. Here Are The Ones To Avoid
Penny stocks can have 1-2 years where they earn good profits. Investors should not confuse this prosperity with safety and end up buying the stocks.
-
India 10-Year Bond Yield At 20-Month High, Traders Seek RBI Support
India's benchmark 10-year bond yield rose to its highest level since April last year as investors grew cautious of the heavy government debt pipeline, rise in global oil prices, and lack of support from RBI
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RBI Does The Heavy Lifting For Economy In Absence Of Government Stimulus
Reserve Bank of India Governor Shaktikanta Das used a generous mix of tools to assure the bond market that the central bank will keep yields under control despite the government's record debt program.
-
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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Cabinet Clears Rs 70,000-Crore Debt Scheme, Fund Of Funds For Small Businesses: 10 Points
The Union Cabinet on Friday cleared a Rs 20,000-crore debt scheme to help stressed micro, small and medium enterprises (MSMEs) raise funds from financial institutions. The Distressed Assets Fund-Subordinate Debt Scheme is likely to benefit two lakh businesses, Minister of Heavy Industries and Public Enterprises Prakash Javadekar said after the Cabi...
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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.
-
State-Run Telecom Firms MTNL, BSNL Line Up $2.34 Billion Debt Sales
Indian corporate bond market participants are braced for a heavy supply of government-guaranteed bonds over the next few weeks.
-
From Multibaggers To Multibeggers: 4 Popular Stocks That Crashed Significantly
Stocks with certain red flags such as loan defaults, rating downgrades, selling of pledged shares, rising debt, and poor earnings, should be avoided at any cost.
-
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...
-
Yes Bank's March Quarter Records Profit At Rs 367 Crore
Yes Bank on Saturday reported a net profit of Rs 367 crore for the March 2022 quarter, helped by a heavy reduction in provisions for bad debts
-
Penny Stocks Are Hot. Here Are The Ones To Avoid
Penny stocks can have 1-2 years where they earn good profits. Investors should not confuse this prosperity with safety and end up buying the stocks.
-
India 10-Year Bond Yield At 20-Month High, Traders Seek RBI Support
India's benchmark 10-year bond yield rose to its highest level since April last year as investors grew cautious of the heavy government debt pipeline, rise in global oil prices, and lack of support from RBI
-
RBI Does The Heavy Lifting For Economy In Absence Of Government Stimulus
Reserve Bank of India Governor Shaktikanta Das used a generous mix of tools to assure the bond market that the central bank will keep yields under control despite the government's record debt program.
-
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
-
Cabinet Clears Rs 70,000-Crore Debt Scheme, Fund Of Funds For Small Businesses: 10 Points
The Union Cabinet on Friday cleared a Rs 20,000-crore debt scheme to help stressed micro, small and medium enterprises (MSMEs) raise funds from financial institutions. The Distressed Assets Fund-Subordinate Debt Scheme is likely to benefit two lakh businesses, Minister of Heavy Industries and Public Enterprises Prakash Javadekar said after the Cabi...
