Twitter’s revenue, adjusted earnings, fell nearly 40% in December – #Twitters #revenue #adjusted #earnings #fell #December
March 3 (Reuters) – Twitter Inc reported a nearly 40% year-over-year decline in both revenue and adjusted profit for December, the Wall Street Journal said on Friday, citing people familiar with the matter. news gave.
Report Several advertisers after Elon Musk took over the company on October 27 social comes after it reduced its spending on the media platform, resulting in a 71% drop in ad spend on Twitter during December. index showed.
Twitter did not immediately respond to Reuters’ request for comment.
Musk, who warned in November that Twitter might go bankrupt, said in December that the company was on track to “roughly break even” in 2023.
Twitter first interest payment january last year of banks billionaire Musk social with a loan to help him buy a media company.
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Reporting by Anirudh Saligrama in Bengaluru; Edited by Himani Sarkar
Our standards: Thomson Reuters Trust Principles.
2023-03-06 02:00:34
Source – reuters
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