Twitter's revenue, adjusted earnings drop about 40% in December - WSJ

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Twitter Inc reported a drop of about 40% year-over-year in both revenue and adjusted earnings for the month of December, the Wall Street Journal reported on Friday citing people familiar with the matter.

FILE PHOTO: A view of the Twitter logo at its corporate headquarters in San Francisco, California, U.S. November 18, 2022. REUTERS/Carlos Barria

March 3 - Twitter Inc reported a drop of about 40% year-over-year in both revenue and adjusted earnings for the month of December, the Wall Street Journaltheir spending on the social-media platform after Elon Musk took charge of the company on Oct. 27, resulting in a 71% drop in advertising spend on Twitter during December, data from advertising research firm—Standard Media Index showed.

 

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Lmao

Yikes

'bUt mY $8 tWiTtEr bLuE' 🤣📉 $TWTRQ $TSLAQ

It will come back!! elonmusk

Makes cents

Couldn't happen to a nicer guy

So much for “go woke, go broke”.

RealPhilGold Damn

Wonder why

Wow 😳

No matter what becomes of Twitter, the spectacular purge of manipulative and duplicitous bad actors, was beyond gratifying. At the end of the day, the fickle market and politics may take down Twitter, but not before Musk provided a window to so much corruption.

Leftist (Communist) censorship of the truth dropped by 99%.

Treason dropped by 100%.

Payroll dropped by 80%

I've been muting every advertiser I see...and I muted Elon Musk. 😂

Hands off the tiller by the over zealous new guy would improve matters, no doubt!

It's not public information, so there's a good chance this story is fabricated.

How does one switch twit off. Forever

How shocking. Everything seemed to be well organized and running at optimum efficiency...

Good riddance elonmusk

So they improved their situation dramatically from a 70 percent drop to a 40 percent drop while cutting 60 percent of costs so basically they might be near break even

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Twitter’s Revenue, Adjusted Earnings Fell About 40% in Month of DecemberTwitter’s revenue and adjusted earnings fell about 40% in December. Many advertisers ditched the company after Musk’s takeover. Lol Lol. Lmao. yeah, he's doing a horrible job and pilfering ad revenue to pay back his debts, so they're not coming back until he officially resigns and a governance board is in place.
Source: WSJ - 🏆 98. / 63 Read more »