Twitter woes continue with ad sales down by nearly 60%: report

Posted on AllSides June 5th, 2023
From The Left

Advertisers continue distancing themselves from Twitter, according to a new report. Billionaire Elon Musk told employees in March the social media platform he purchased for $44 billion in October lost more than half its value under his leadership. According to the New York Times, U.S. advertisers showed little interest in doing business with Musk’s company during a five-week window that began April 1. Ad sales were reportedly down 59% from last year during that period. Musk told the BBC in April “almost all advertisers” that fled the company were either...

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