Due to the advertiser exodus, Elon Musk's X will lose $75 million

Due to the advertiser exodus, Elon Musk’s X will lose $75 million

In 2021, Twitter is said to have recorded revenues of $5 billion.
Little Blue Bird’s social network registered 7,500 employees in 2021.
The company was purchased by businessman Elon Musk

This year, Elon Musk’s social network

It is reported that after months of back and forth since April 2022, with the restructuring of the Board of Directors and the abort of the purchase process, Including the founder of Xpacex and Tesla It completed the $44 billion acquisition at the end of October according to Statista data.

In addition, the social media company owned by Elon Musk Friday.

X reports

Controversy surrounding Twitter.

Given that, Hitler and the Nazi Party.

Likewise, internal documents seen by The New York Times this week list more than 200 ad units from companies including Airbnb, Amazon, Coca-Cola and Microsoft, many of which have stopped or are considering stopping their advertising on the social network.

As well as the social network

Following these reports, it was announced that the company did not immediately respond to a request for comment from specialized media.

But the problem is long-standing, as advertisers have fled X since Musk bought it in October 2022 and reduced content moderation, leading to a spike in hate speech on the site, according to civil rights groups.

The platform’s U.S. advertising revenue has fallen by at least 55 percent year over year every month since Musk’s acquisition.

Through this data, we can see the number of companies that have already closed their numbers, many of them despite not giving their numbers, and specialized media have begun to reveal numbers based on their behavior this year.