An internal Twitter document reportedly shows ad revenue down 59%, casting doubt on Elon Musk's statement that 'almost all advertisers have come back'
Things might not be as rosy at Twitter as Elon Musk wants you to believe — and any possible mess is going to be the responsibility of the company's newThe platform's revenue from April 1 to the first week of May was $88 million, down 59% compared to the same time last year, according to. The same document outlined that Twitter routinely fell short of its weekly US sales projections, the Times reported.
The Times spoke to seven current and former Twitter employees who said they don't expect things to turn around soon. An internal document forecasted that revenue for each week in June will be down at least 56% compared to last year, the Times reported. The news come less than two months after the platform's owner and then-CEO Musk said that ad revenue was on the upswing following a dip when he took over.Linda Yaccarino appears to have begun her tenure as Twitter's new CEO on Monday. She'll face an uphill battle bringing back advertisers to the platform.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Twitter’s U.S. Ad Sales Down 59% Despite Musk’s ‘Breaking Even’ Claims, Report SaysAdvertisers have reportedly been spooked by content changes, like the most recent drama which caused two executives to resign on Friday.
Read more »
Twitter’s Ad Sales Have Plummeted 59 Percent in Months Since Musk’s TakeoverTwitter's ad revenue has dropped by 59% in the months since Elon Musk took over the company.
Read more »
Twitter’s U.S. Ad Sales Down 59% Despite Musk’s ‘Breaking Even’ Claims, Report SaysAdvertisers have reportedly been spooked by content changes, like the most recent drama which caused two executives to resign on Friday.
Read more »
Twitter Hit by Staggering 59% Drop in U.S. Ad Sales: ReportTwitter’s U.S. advertising revenue has plunged dramatically in the wake of Elon Musk’s takeover of the site, according to The New York Times.
Read more »
Twitter CEO Linda Yaccarino taps NBCUniversal executive as ad revenue reportedly drops 59%Joe Benarroch, a former NBCUniversal ad executive who worked alongside Linda Yaccarino at the media company, has been hired into a senior business operations role at Twitter.
Read more »
Interstate 45 and Highway 59 closures reported due to crashesAll of the mainlanes on Interstate 45 Gulf northbound at Monroe Road are closed also because of a fatal crash.
Read more »