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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/06\/05\/twitters-ad-revenues-loss\/<\/a><\/br> Taking a company<\/span> private can be a smart way to reform its operations outside the public-market limelight; no longer required to report quarterly to the world, companies that go private often have more latitude to make tough changes to their product mix and employee base.<\/p>\n The Exchange explores startups, markets and money. <\/em><\/strong><\/p>\n Read it every morning on TechCrunch+<\/a> or get The Exchange newsletter<\/a> every Saturday.<\/em><\/strong><\/p>\n So, how is Twitter doing now that it is a private company<\/a>, and a busy one at that? Per The New York Times<\/a>, the social media company is enduring painful revenue declines compared to year-ago results. This new data echoes what we\u2019ve heard concerning Twitter\u2019s late-2022 results as well.<\/p>\n <\/a>Elon Musk took Twitter private in late 2022, meaning that it has been a private company for some quarters now. Under new management, it has dramatically reduced its staffing, worked on expanding its subscription-revenue footprint, and taken a new tonal direction under its new owner. The company is also in the process of onboarding a new CEO<\/a>, even if its owner intends to retain control over a broad swath of Twitter\u2019s product work.<\/p>\n This morning I want to do a little historical sleuthing through Twitter\u2019s public results, information that we can compare and contrast to more recent information. Then we\u2019ll mix in some information regarding Twitter\u2019s debt costs and its slashed cost basis.<\/p>\n We\u2019re going to be mixing reported data, hard figures, and some larger macro trends all at once. Our goal will be directional comprehension, and nothing more specific. Sound good? To work.<\/p>\n
\nHow far have Twitter\u2019s advertising revenues fallen?<\/br>
\n2023-06-05 22:22:13<\/br><\/p>\nNew reporting puts the social media company’s new life into context<\/h2>\n
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\nTwitter\u2019s financial results<\/h2>\n