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More than 500 Twitter advertisers have stopped spending on the micro-blogging site following the takeover of Elon Musk in the year before, The Information reported on Wednesday, citing a source who is familiar with the business of advertising.
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The company's daily revenues in January. 17 was lower by 40% than the same day one year prior, according to the report.
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The decline in the revenue of the company is first noted by the technology publication Platformer this week on a Tuesday.