Elon Musk says Twitter has had massive revenue drop as advertisers pause spending
Summary
In this photo illustration, the image of Elon Musk is displayed on a computer screen and the logo of twitter on a mobile phone in Ankara, Turkiye on October 06, 2022. In recent days, a number of companies said they would temporarily pause their advertising spending on Twitter to see how things would change there under Musks ownership. Ad giant IPG advised clients to temporarily pause their Twitter media plans as well. Twitter informed employees Thursday evening, days after the SpaceX and Tesla CEO took control of the company, that it would begin laying off staff members, according to communications obtained by NBC News. Twitters content moderation team is expected to be among those impacted by the job cuts, Reuters reported, citing tweets by employees.