Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt'

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Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt'
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Musk said early Saturday that cash flow at Twitter remains negative because of a nearly 50% drop in advertising revenue coupled with “heavy debt.”

online, and faces a trial on charges of rape, human trafficking and forming a criminal gang to sexually exploit women in Romania -- posted that Twitter paid him more than $20,000. Tate has sued the accusers who made those charges.

Several right-wing influencers also posted about receiving Twitter payments, along with fans and promoters of Tesla stock and products, including Omar Qazi and Sawyer Merritt, who each posted about netting more than $5,000. Mainstream and other influencers who shared details about their Twitter income included Brian and Ed Krassenstein, Mr. Beast and the account @interneth0f . The Internet Hall of Fame posts screenshots of other people's popular posts from social media and re-circulates them.

It's not clear how much Twitter paid creators in total in this first round of payments. Twitter sent an automated reply with a crude symbol in response to CNBC's request for comment on Saturday. The parent company of Twitter, X Corp., is facing myriad lawsuits from former employees and vendors over non-payment of bills and severance.

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