Elon Musk's X India Faces 90% Revenue Drop in FY24

• Elon Musk's X is struggling to increase its subscription revenue, despite efforts to reduce dependence on ad revenue.
• Since its 2021 launch, X has generated around $200 million in in-app purchase revenue across iOS and Android.
• H...

• When Elon Musk bought Twitter and renamed it X, he didn't do it alone, relying on bank loans and a long list of investors.
• Saudi Prince Alwaleed bin Talal, who invested nearly $2 billion, still supports Musk, but others are less ple...

• X, owned by Elon Musk, reports a modest 1.6% rise in global daily active users in Q2, reaching 251 million, contrasting with previous double-digit growth.
• Musk's leadership has been divisive, leading to a loss of advertisers due to ...

According to an estimate research firm Sensor Tower shared with Bloomberg, advertising spending fell by 89 percent to $7.6 million during a two-month period earlier this year. Per Reuters, Twitter has annual interest payments of about $1...