Twitter revenue plunged in December as advertisers stayed away after Elon Musk's takeover, report says
Twitter's revenues plunged in December after advertisers avoided the social media platform in the wake of Elon Musk's controversial takeover,Unnamed sources said the company reported a 40% decline in both total revenue and adjusted profits compared with
December 2021.pulled out in the first month after Musk's controversial takeover, per Media Matters. More than two thirds of Twitter's top 100 advertisers before the acquisition had not returned by late February, according to Pathmatics, The Journal reported.
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