11:36 - 6.06.2023

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June 6, Fineko/abc.az. Despite the fact that the owner of the platform, Elon Musk, recently stated that Twitter's advertising business is on the rise, advertising revenue has plummeted.

ABC.AZ reports that according to an internal presentation obtained by The New York Times, from April 1 to the first week of May, Twitter's advertising revenue in the U.S. amounted to $88 million (59% less than a year earlier).

The document says that the company regularly lagged behind its weekly sales forecasts in the U.S., sometimes by as much as 30%.