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Topic: Sales

Advertisers may be spooked by a rise in hate speech and pornography. News 

Twitter’s Ad Revenue Plummets 59 Percent Year-on-Year

Jim Hendler, , , ,

According to The New York Times, Twitter has experienced a 59 percent decrease in advertising revenue over a five-week period from April 1st to early May compared to the same time frame in the previous year. The company has consistently failed to meet sales projections, and despite the appointment of new CEO Linda Yaccarino, Twitter employees and documents suggest that this trend is unlikely to change in the near future. Musk has previously said Twitter is on track to generate $3 billion in revenue in 2023, up from $5.1 billion…

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The Silicon Valley titan reported profit of $24 billion on revenue of $94.8 billion in the first three months of this year News 

Apple’s result exceeded the forecast thanks to iPhone sales and service revenue

Adriana Marais, , , ,

Apple said Thursday that iPhone sales and revenue from services contributed to quarterly earnings that beat forecasts despite inflationary pressures and a slowing global economy. The Silicon Valley titan reported a profit of $24 billion on revenue of $94.8 billion in the first three months of this year. “We are pleased to report an all-time service record and a record March quarter for iPhone despite a challenging macroeconomic environment,” Apple CEO Tim Cook said in the earnings release. iPhone sales totaled $51.3 billion in the quarter, surpassing the same period…

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