NEW YORK — Twitter has lost roughly half of its advertising revenue, according to owner Elon Musk, since he bought the social media platform for US$44b (S$58b) last October.
Mr Musk, who has been outspoken about the difficulties facing the company, broke the figures in a tweet response to a user who was giving suggestions on financing for the platform.
Insider Intelligence has reported that Twitter was set to earn less than US$3b in revenue in 2023, down one-third from 2022. Non-verified users — the free accounts that make up the majority of users — are limited to reading 1,000 tweets per day, while new unverified accounts are limited to 500 tweets.
Earlier this year, the artificial intelligence app ChatGPT, created by OpenAI, took two months to reach the same number of active users. Those demands have delayed the launch of Threads in Europe, where new legislation limits the ability of Meta to track and share data across its family of platforms.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New York City is sinking under the massive weight of its skyscrapersResearchers, who found that New York City is sinking under the weight of its buildings, said developers are not taking the risk of rising waters seriously enough.
Read more »
Minister Shanmugam visits AsiaOne's new officeWith a new office comes new beginnings — AsiaOne recently hosted Minister for Law and Home Affairs K Shanmugam at its brand-new workspace. AsiaOne's CEO Sean Ler gave him a tour of the new premises in Bendemeer as well as a briefing on content offerings and various capabilities. He dropped by the editorial operations centre, where AsiaOne newsroom staff gather...
Read more »
New zi char stall sells meaty kam heong crab claws at just S$5 eachGood to know one can still enjoy a hearty zi char meal at wallet-friendly prices despite global inflation.
Read more »
Coach Foster delights in New Zealand's strong start and finishAttitude and execution were the keys to New Zealand’s comprehensive 35-20 Rugby Championship bonus-point victory over South Africa in Auckland on Saturday, as coach Ian Foster praised his players for withstanding a second-half onslaught.New Zealand were exhilarating as they raced into a 17-0 lead in the
Read more »
Beer and new tattoo for Wimbledon champion VondrousovaLONDON: Marketa Vondrousova plans to celebrate with beer and a new tattoo after becoming one of the most unlikely Wimbledon champions by beating Ons Jabeur in the final on Saturday (Jul 15). The Prague-based, 24-year-old Czech won 6-4 6-4 against the overwhelming crowd favourite to become the first unseede
Read more »
'I respect his decision': Presidential hopeful George Goh on potential new candidateAlthough George Goh might face more competition in the upcoming presidential election, the 63-year-old businessman chose to reserve his comments until confirmation of the person's candidacy. Goh was speaking to the media during a visit to Geylang Serai Market and Food Centre on Sunday (July 16), where he was asked for his thoughts on former GIC investment chief Ng Kok...
Read more »