Entertainment News

Twitter Loses Advertising Revenue

today07/17/2023 7

Background
share close

Twitter has lost roughly half of its advertising revenue, according to owner Elon Musk, since he bought the social media platform for $44 billion last October.

Musk,who  expressed the difficulties facing the company, broke the figures in a tweet response to a user who was giving suggestions on financing for the platform.

The Changes instituted by Musk since his takeover of Twitter have turned off users and advertisers alike.

The changes came as Threads, an app launched by Facebook parent Meta as a rival to Twitter, registered more than 100 million users in its first five days.

Written by: Helen Obih

Rate it

Previous post

World

UK Increases Visa Fees

British Prime Minister Rishi Sunak has announced an increase in visa application fee paid by immigrants. The announcement came after a speech regarding an increase in public sector wages. Sunak confirmed that part of the funding for the wage increase will be raised from the foreign migrants who come to the United Kingdom to live and work. He also said the surcharge paid for the state-funded national health service (NHS) […]

today07/14/2023 13

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

0%
Our customer support team is here to answer your questions.
error: Alert: Content is protected !!