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Twitter Loses Advertising Revenue

today07/17/2023 7

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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

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