People walk by the Manhattan Twitter headquarters on Thursday in New York City. Twitter Inc is reportedly looking to sublease most of its New York office space as uncertainty about the company’s future continues. (Photo: AFP)
NEW YORK: Twitter Inc reported a drop of about 40% year-over-year in both revenue and adjusted earnings for the month of December, the Wall Street Journal reported on Friday citing people familiar with the matter.
The report comes after several advertisers slashed their spending on the social-media platform after Elon Musk took charge of the company on Oct 27, resulting in a 71% drop in advertising spend on Twitter during December, data from advertising research firm — Standard Media Index showed.
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