Elon Musk, who purchased Twitter, stated that revenue dropped sharply as activist groups put pressure on advertisers.
Musk, the company's new owner, posted about it on his social media account.
"While nothing has changed in terms of content moderation, and we've done everything we can to appease the activists," Musk said, "Twitter's revenue has plummeted as activist groups put pressure on advertisers." uttered the phrase
Musk blamed activist groups, saying, "They are trying to destroy freedom of speech in America."
In recent days, it has been reported in the US press that some brands are planning to reduce their Twitter advertising spending after Musk purchased Twitter for $ 44 billion.
General Motors, General Mills, Audi, IPG, Mondelez International, Pfizer, and Volkswagen were among the companies that halted their Twitter spending after Musk purchased the company.
Some advertisers were concerned that Musk would reduce content control, resulting in an increase in objectionable content on the platform.