Athik Saleh covers auto and tech news at NewsBytes. He had started as an SEO content writer at NewsBytes and has since been elevated after exhibiting his automotive acumen. He has previously worked as a columnist at Law Insider India. He has a Bachelor's degree in Law from the National Law Institute University, Bhopal.Source
Twitter's dire financial condition is public knowledge now. With several advertisers leaving the platform, the company has been aggressively cutting costs.
A unique solution it found to raise some money is to auction off surplus items at its San Francisco headquarters. But that may not be enough to cover the magnitude of ad revenue it lost since Elon Musk's takeover.
Why does this story matter?
Twitter is bleeding money and Musk's attempts at reversing the company's fortunes are yet to bear fruit.
The company is nearing the first installment ($1.5 billion) of interest payment for the $13...…Twitter's dire financial condition is public knowledge now. With several advertisers leaving the platform, the company has been aggressively cutting costs.
A unique solution it found to raise some money is to auction off surplus items at its San Francisco headquarters. But that may not be enough to cover the magnitude of ad revenue it lost since Elon Musk's takeover.
Why does this story matter?
Twitter is bleeding money and Musk's attempts at reversing the company's fortunes are yet to bear fruit.
The company is nearing the first installment ($1.5 billion) of interest payment for the $13...WW…
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