ad revenue

Twitter cash flow negative as ad revenue down 50%

Elon Musk has revealed that Twitter's cash flow remains negative due to a significant 50 percent decline in advertising revenue and a substantial debt burden. Musk's statement on Saturday fell short of his previous expectation in March that Twitter would achieve positive cash flow by June. In response to suggestions on recapitalization, Musk ...


Gaming firms warn 28% tax can lead to investment & jobs loss

Gaming firms warn 28% tax can lead to investment & jobs loss

More than 125 companies from India’s nascent online gaming industry warned the Indian government that the sector could face a massive loss of investments and jobs following a decision by the Goods and Services Tax Council to increase tax rates sharply. Earlier this week, the council imposed a levy of 28 percent at entry points on full face va...