Elon Musk says Twitter continues to be dropping money as a result of promoting has dropped by half.
In a reply to a tweet providing enterprise recommendation, Musk tweeted, “We’re still negative cash flow, due to (about a) 50% drop in advertising revenue plus heavy debt load.”
“Need to reach positive cash flow before we have the luxury of anything else,” he concluded over the weekend.
Ever since he took over Twitter in a $44 billion deal final fall, Musk has tried to reassure advertisers who had been involved concerning the ouster of prime executives, widespread layoffs and a special strategy to content material moderation. Some high-profile customers who had been banned had been allowed again on the positioning.
Twitter acquired a brand new competitor this month when Facebook proprietor Meta launched a text-focused app, Threads, and gained tens of hundreds of thousands of sign-ups in a couple of days. Twitter responded by threatening authorized motion.
UPS coaching managers in case of strike
UPS mentioned it has began “enterprise continuity“ coaching for managers, as an enormous Teamsters strike looms if the 2 sides don’t attain settlement by Aug. 1.
The announcement by UPS is a sign it plans to have administration workers assist ship packages if there’s a walkout. But that‘s nonetheless seen as unlikely to be sufficient to deal with the work usually performed by 340,000 Teamsters at UPS.
”We stay targeted on reaching an settlement with the Teamsters that could be a win for UPS workers, our clients, our union, and our firm earlier than Aug. 1,” UPS mentioned in a written assertion. “While we have made great progress and are close to reaching an agreement, we have a responsibility as an essential service provider to take steps to help ensure we can deliver our customers’ packages if the Teamsters choose to strike.”
Source: www.bostonherald.com”