40% drop in Twitter’s revenue, adjusted earnings in Dec: Reports
The drop comes after many advertisers cut down their spends on the platform
Twitter Inc has recorded a 40% decline in year-over-year in both revenue and adjusted earnings for the month of December, according to media reports.
The news about fall in revenue comes after many advertisers cut down their spends on Twitter amid the uncertainty that followed the takeover of the platform by Elon Musk.
Earlier in November, Musk had expressed the possibility of the Twitter going bankrupt.
The reports did not have any comment from the company on the delcine in numbers.
