Twitter’s revenue and adjusted earnings fell about 40% in December. Many advertisers ditched the company after Musk’s takeover.
Twitter Inc. reported a drop in revenue and adjusted earnings for the month of December, after many advertisers ditched the social-media platform following Elon Musk’s takeover, according to people familiar with the matter.
In an update to investors, Twitter reported a decline of about 40% year-over-year in both revenue and adjusted earnings for the month, the people said.
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