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After drastic cost-cutting measures and various efforts to monetize the platform, Twitter is still in the red. On July 15, Elon Musk tweeted, "We’re still negative cash flow, due to ~50% drop in ...
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Musk's money manager wrote to investors that in recent weeks the family office had received "numerous inbound requests to invest in Twitter." [ 102 ] [ 103 ] The Wall Street Journal reported in January 2023 that talks had been held to raise up to $3 billion to pay down some of the $13 billion in bank debt incurred in the deal, which includes a ...
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries.
The money you send and receive through Cash App can come from a linked debit card, credit card or bank account — but you can also add money to your Cash App account and draw from that balance ...
The initially proposed $13 billion in money borrowed by Twitter was equivalent to seven times the company's 2022 projected operating cash flow; some banks found that multiple too risky and opted to participate only in the $12.5 billion margin loan to Musk. [32]
Elon Musk disclosed on Twitter Saturday that, due to a 50% drop in advertising revenue and a “heavy debt load,” the platform still has a negative cash flow.
On June 1, 2011, Twitter announced its own integrated photo-sharing service that enables users to upload a photo and attach it to a Tweet right from Twitter.com. [93] Users now also have the ability to add pictures to Twitter's search by adding hashtags to the tweet. [94]