" More than half of Twitter’s top 1,000 advertisers stopped spending on platform, data show."Ībc News. " Elon Musk says he’s cut about 80% of Twitter’s staff."ĬNN Business. " Elon Musk’s Twitter lays off employees across the company."ĬNN Business. " Elon Musk to Acquire Twitter."ĬNN Business. Ad Sales Plunge 59% as Woes Continue."ĬBS News. " Twitter User Statistics: How Many People Use Twitter In 2023?" " Social Networking App Market Size, Share & Trends Analysis Report By Market Place (Google Play Store, Apple IOS Store, Microsoft Store), By Device Type, By Revenue Source, By Region, And Segment Forecasts, 2023 - 2030." " 20 Social Media Companies Every Marketer Should Know." " Twitter Company ‘No Longer Exists,’ Is Now Part of Musk’s X."īuilt in. " Twitter Blue relaunched has made just $11M on mobile in its first 3 months."īloomberg. " Twitter Revenue and Usage Statistics (2023)." " Twitter loses nearly half advertising revenue since Elon Musk takeover."īusiness of Apps. " Pay $84 a year for Twitter Blue or lose your checkmark beginning April 1, Twitter says." ceased to be an independent company after merging with a newly formed shell firm called X Corp.ĬNN Business. It operated the social networking service Twitter and previously the Vine app and Periscope livestreaming service. was initially a social media company based in San Francisco, CA. X generated $11 million via X Blue in its first three months since it was relaunched in December 2022.The company generated the vast majority of its revenue (90%) through advertising services in 2022.X generated $4.4 billion revenue in 2022, an 11% decline year-on-year.with the social media platform continuing to be called Twitter for a while until it also changed its name to X in July 2023. After a rocky period, including Musk stating that he would no longer buy the company, the deal was completed on Oct. On April 25, Twitter reported it would be acquired and taken private by Elon Musk in a $44-billion acquisition.X is a social media company providing a platform for users to interact in real time.
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