After large companies withdrew from the Internet platform Advertising revenue from the company once known as “Twitter.” According to a media report, it has fallen significantly. The advertising revenue from businessman Elon Musk’s platform would probably be around $2.5 billion declinethe business agency “Bloomberg” reported on Tuesday.
In the last four quarters of Twitter as a publicly traded company, Covering the period between the second half of 2021 and the first half of 2022, the total was $4.7 billion, according to LSEG data.
Several companies, including the entertainment company Walt Disney, have paused their advertising on X, after Musk approved a post on X in November that said Jewish people were fomenting hatred against white people. Musk then insulted the companies (“Go fuck yourself”).
Already over the course of the year Musk has repeatedly commented on political issues, which also brought him criticism. He asked why US policymakers were more concerned with Ukraine than with the US border.
More on the subject:
Would we be better off without X? “Musk acts like a missionary culture warrior who wants to eradicate the “virus” of woke attitudes” No more advertising on X German companies are turning away from Elon Musk Did Elon Musk want too much? Tesla delivers the first Cybertrucks – and has to postpone mass production
Bloomberg reported citing an insiderX have something in each of the first three quarters of 2023 more than 600 million dollars in advertising revenue and expect a similar amount for the current period.
Joe Benarroch, head of business operations at (Reuters)
2023-12-13 08:43:30
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