https://www.theguardian.com/technology/2023/jul/18/twitter-investor-writes-down-stake-threads-elon-musk

Elon Musk has said advertising has plunged on his social media platform and it is cashflow negative

An investor in Elon Musk’s Twitter has written down their stake in the business by 47% as advertisers rein in their spending on the social media platform.