Company X
Company X (formerly known as Twitter) was founded in 2006 as a social media company and has now become globally recognized through its posts – formerly known as tweets – online and in all media. It is best known for news tweets from politicians and celebrities, but it provides a platform for millions of users to share their thoughts, interact, share content, and read breaking news.
Finances at X
Company X generated $4.4 billion in revenue in 2022, a decline of 11% from the figures recorded in 2021 ($5 billion).
Revenues are expected to decline in 2023 due to the loss of advertising revenue, and in fact, the company has lost nearly half of its advertising revenue since Elon Musk’s acquisition in October 2022. Many global advertising companies have left the platform after changes to the X service and content moderation rules. Agency executives stated
Source: https://www.investopedia.com/ask/answers/120114/how-does-twitter-twtr-make-money.asp
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