By the end of January, Elon Musk still hasn't made the first mega-interest payment, and Twitter revenue is down 40% year over year. The information was made public by a Platformer reporter.
At the end of January, Elon Musk must make the first interest payment on the $13 billion loan he used to buy Twitter, which may force the CEO to make challenging decisions like selling more Tesla shares at a loss.
Twitter's major revenue source is still advertising, and once Elon Musk acquired the firm, brands began to leave in large numbers. Musk was able to win back sponsors, though, by providing steep discounts.
The new Twitter Blue subscription has reportedly not been able to keep the company's coffers full either, if the news concerning Twitter's income decline is to be believed. Twitter's premium subscription, which offers users a number of features, costs $8 a month. Even the blue verified checkmark requires payment from the user in order to be obtained.
