NTD Business (July 17): Russia Pulls Out of Critical Grain Deal; Elon Musk: Twitter Cash Flow Still Negative

Don Ma
By Don Ma
July 17, 2023NTD Businessshare

Wheat and corn prices on global commodities markets jumped Monday after Russia pulled out of a crucial deal allowing the export of grain from Ukraine, just hours after a blast knocked out Russia’s bridge to Crimea.

Elon Musk disclosed on Twitter Saturday that, due to a 50 percent drop in advertising revenue and a “heavy debt load,” the platform still has a negative cash flow.

The billionaire owner posted on Saturday, in response to business advice from a follower, “Need to reach positive cash flow before we have the luxury of anything else.”

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