Over 500 advertisers have paused spending on Twitter ...Kuwait

News by : (The New Arab) -
More than 500 of Twitter's advertisers have paused spending on the micro-blogging site since Elon Musk's takeover last year, news website The Information reported on Wednesday, citing a person familiar with its ad business. The social media company's daily revenue on 17 January was 40 percent lower than the same day a year ago, the report added. The drop in the company's revenue was first reported by technology newsletter Platformer on Tuesday. Twitter did not immediately respond to a Reuters request for comment on both the media reports. Since Musk took over Twitter last October, corporate advertisers have fled in response to the billionaire laying off thousands o

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