Kyle Montanio on Nostr: While applying for permission to add PayPal-like payment options, X revealed drastic ...
While applying for permission to add PayPal-like payment options, X revealed drastic losses in revenue that could only be guessed at since Musk took the company private.
"In the first six months of 2023 — the first full year in which Musk controlled the company — X's revenue fell by nearly 40 percent from the same period the prior year. The company brought in $1.48 billion during that time period. Furthermore, X lost $456 million in the first quarter of 2023."
https://mashable.com/article/twitter-x-revenue-falls-x-payments-plans
"In the first six months of 2023 — the first full year in which Musk controlled the company — X's revenue fell by nearly 40 percent from the same period the prior year. The company brought in $1.48 billion during that time period. Furthermore, X lost $456 million in the first quarter of 2023."
https://mashable.com/article/twitter-x-revenue-falls-x-payments-plans