Twitter fell 40% in December, according to The Wall Street Journal. both in revenue and in adjusted revenue. The company’s financial position began to deteriorate sharply after the scandalous billionaire Elon Musk took over the reins of the company.
The Wall Street Journal reported that Twitter’s revenue and adjusted revenue fell 40 percent in December. The financial position of the company began to deteriorate sharply after it was headed by Elon Musk. After several controversial decisions by the billionaire, some companies have cut their advertising spend on this platform. According to Standard Media, Twitter ad spend dropped 71% in December.
Balance point
Musk, who warned in November that Twitter could go bankrupt, said in December that the company was on track to “roughly break even” in 2023.
In January, Twitter made the first interest payment on a loan banks provided to finance billionaire Musk’s purchase of a social media company last year.
Paid Twitter
One of the most controversial decisions of the billionaire was the introduction of a paid subscription to a platform that was previously free. Twitter Blue was recently introduced to over 20 new European countries, including Poland. Meet the new function also went to residents of: the Netherlands, Ireland, Belgium, Sweden, Romania, Czech Republic, Finland, Denmark, Greece, Austria, Hungary, Bulgaria, Lithuania, Latvia, Estonia, Slovakia, Slovenia. , Croatia, Luxembourg, Malta and Cyprus.
What are the conditions of service on the Vistula River?
Twitter Blue subscription now in Poland - what are the prices?
The cost of a monthly subscription on mobile devices is PLN 49. In the annual subscription promotion, we will pay not the standard PLN 588, but “only” PLN 514.99 per year. This saves up to 12 percent compared to a monthly subscription, the company says. Then the price of one month will be slightly lower than 42 PLN.
If we use Twitter Blue on a personal computer, the subscription will be a little cheaper. A month costs PLN 36 and a year costs less than PLN 375. However, even in this case, the prices are not very encouraging.
Source: Wprost
I am George Brown, author at Daily News Hack. I mostly cover economy news and I have been doing this for quite some time now. I have a lot of experience in this field and I’m always looking for new opportunities to learn more.
