Elon Musk says Twitter is losing cash due to heavy debt and drop in advertising

Elon Musk said the company might become cash flow positive in the second quarter (Matt Rourke, AP)

Elon Musk says Twitter is losing cash because advertising has dropped by half.

In a reply to a tweet offering business advice, Mr Musk tweeted on Saturday: “We’re still negative cash flow, due to (about a) 50% drop in advertising revenue plus heavy debt load.