Twitter's revenue down 40% year over year, report says [ad_1]

New York City, USA - November, 7 2013: Banner on the New York Stock Exchange marking Twitters IPO in Lower Manhattan on November 7, 2013. (iStock)

Twitter's revenue down 40% year over year, report says

Brady Knox

January 17, 10:29 PM January 17, 10:29 PM

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Twitter's year-over-year revenue declined by 40%, a report claims.

The total was given to Platformer reporter Zoe Schiffer via an insider source. She noted that CEO Elon Musk's first interest payment on the company is due at the end of January.

TWITTER SUED OVER ALLEGED HACK THAT MAY HAVE LEFT OVER 200 MILLION EXPOSED

The bleak financial picture presents a major challenge for Musk, who has been working to institute a number of changes in efforts to make the platform more profitable. He purchased the company last year for roughly $44 billion.

His tenure as CEO has seen him showered with an almost equal amount of praise from conservatives and criticism from liberals.

Online News 72h

Last week, allegations of a major hack were disclosed. It apparently exposed the information of over 200 million users and led to a major lawsuit.

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