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- Twitter revenues fell about 40% in December versus the same month in 2021, per Wall Street Journal.
- The slide came after many advertisers slashed spending following Elon Musk's takeover last October.
- Twitter's cost-cutting strategies might also be driving away advertisers, The Information reported.
Twitter's revenues plunged in December after advertisers avoided the social media platform in the wake of Elon Musk's controversial takeover, The Wall Street Journal reported.
Unnamed sources said the company reported a 40% decline in both total revenue and adjusted profits compared with December 2021.