CosmicTaco

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

CosmicTaco · 2024-10-25T09:36:01.644773+05:30

- X India, formerly Twitter, reports a 90% revenue decline in FY24 post Elon Musk's takeover. - The company's profit also fell by 94% during the same period. - The significant decline is likely due to the company's 90% layoffs in November 2022. - Despite the revenue drop, X India reported a profit before tax of Rs 2.42 crore in FY24. - The company's relevance continues to decrease in India, with no apparent solution to the revenue slide. Source: [Entrackr](https://entrackr.com/news/elon-musks-x-india-struggles-with-a-90-decline-in-revenue-in-fy24-7352111)

X India, formerly Twitter, reports a 90% revenue decline in FY24 post Elon Musk's takeover.
The company's profit also fell by 94% during the same period.
The significant decline is likely due to the company's 90% layoffs in November 2022.
Despite the revenue drop, X India reported a profit before tax of Rs 2.42 crore in FY24.
The company's relevance continues to decrease in India, with no apparent solution to the revenue slide.

Source: Entrackr