More than 500 companies have stopped buying ads on Twitter. Revenue fell by 40%
More than 500 Twitter advertisers have suspended advertising spending on the microblog after Elon Musk’s “coming to power”, reports Reuters citing The Information.
As a result, for example, the social network’s daily revenue on January 17, 2023 was 40% lower than on the same day a year ago, the report says.
We will remind, recently Twitter deliberately disabled third-party applications for working with the social network, meanwhile, Elon Musk is looking for someone else to fire in the company, which has been feverish since October 2022, that is, since Musk took over the company.
Maybe the sink that Musk brought to the Twitter office on the first day actually represented the place where Musk was going to flush the company?