https://sputnikglobe.com/20230304/twitter-revenue-falls-by-40-year-on-year-in-december-reports-say-1108005107.html
Twitter Revenue Falls by 40% Year-on-Year in December, Reports Say
Twitter Revenue Falls by 40% Year-on-Year in December, Reports Say
Sputnik International
Twitter's revenue and adjusted earnings in December 2022 decreased by about 40% compared to December 2021 after advertisers refused to work with the social network, US media reported on Saturday, citing sources.
2023-03-04T07:05+0000
2023-03-04T07:05+0000
2023-03-04T07:05+0000
world
x (formerly twitter)
revenue
earnings
https://cdn1.img.sputnikglobe.com/img/07e7/02/07/1107045576_0:0:3073:1728_1920x0_80_0_0_3f145799af37820e12815294267da1d6.jpg
The refusal of advertisers is associated with the acquisition of the social network by SpaceX and Tesla owner Elon Musk, the report noted. In late October, Musk finalized the $44 billion acquisition of Twitter, a US company founded in 2006 and headquartered in San Francisco, California. Following the takeover, Musk changed the company's day-to-day operations, including the termination of Twitter executives who were responsible for the platform's privacy, cybersecurity and censorship, as well as about two-thirds of Twitter's employees.
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2023
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
social network, twitter's revenue, adjusted earnings
social network, twitter's revenue, adjusted earnings
Twitter Revenue Falls by 40% Year-on-Year in December, Reports Say
MOSCOW (Sputnik) - Twitter's revenue and adjusted earnings in December 2022 decreased by about 40% compared to December 2021 after advertisers refused to work with the social network, US media reported on Saturday, citing sources.
The refusal of advertisers is associated with the acquisition of the social network by SpaceX and Tesla owner Elon Musk, the report noted.
In late October,
Musk finalized the $44 billion acquisition of Twitter, a US company founded in 2006 and headquartered in San Francisco, California. Following the takeover, Musk changed the company's day-to-day operations, including the termination of Twitter executives who were responsible for the platform's privacy, cybersecurity and censorship, as well as about two-thirds of Twitter's employees.
