A Twitter ad executive reportedly told employees that Q4 revenue fell 35% from a year earlier
The numbers appear to be in. Since Elon Musk took over Twitter, the company's financials have taken a hit. Wednesday, citing comments that a top ad executive at the company named Chris Riedy made at a staff meeting.
Twitter brought in $1.025 billion in revenue, which was just 72% of the company's internal goal for the quarter, The InformationBefore Musk took over Twitter in October 2022, the company's revenue was 98% of its initial projections, Riedy said at the meeting,As of Tuesday, the company's daily revenue was 40% lower than it was that day over a year ago, The Information reported.
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