Elon Musk. Photo: Getty
Revenues at the Irish arm of Elon Musk’s X, formerly Twitter, slumped by 21pc to €1.17bn in 2023 driven by a drop in spend by large brand advertisers due to concerns about brand safety.
That is according to new accounts filed by the Dublin-based X Internet UC which also show that pre-tax losses reduced by 73pc from €753.47m in 2022 to €202.5m in 2023.