28
May
Twitter was hit by a 40% drop in ad revenue after more than 500 customers stopped their guidelines on the social network, according to the Platformer technology newsletter. And news site The Information noted that staff were assured that half a thousand major advertisers had stopped investing in the platform since Elon Musk bought it last October. Advertising is Twitter's main source of revenue, accounting for more than 90% of its $5.1 billion in 2021 revenue, and it's on the decline since clients like Audi and Pfizer halted advertising there after the network's acquisition. by the CEO of Tesla for…
