X has not ben Fairing Well in the Uk, Previously a Major Source of Revenue for the Social Network Prior to Elon Musk’s Arrival. Still Named Twitter Uk Ltd, Revenues and Profits for X’s UK Entity Collapsed By Over 60% in the year after after musk took it over and changed its models controls, according to accounts Companies house.
The Decline in Revenues Came after the Concerns about “Brand Safety and Or or Content Moderation” was cited internal, Reported the Guardian Newspaper,
Overall Revenue Dropped 66.3% Year-On-Year, Reaching Only £ 69.1m ($ 91.6m), down from £ 205.3m ($ 272.3m) in 2022. Previous year to £ 1.2m ($ 1.6m). Pre-tax profits were 74% lower at £ 2.25m ($ 2.9m).
The UK company is reported that it is “Continues to take corrective measures to build brand safety tools, invest in platform safety and content modification, and then educate advertisements about these initiatives.”
Musk’s Arrival also also LED to a wave of Redundancies in the UK office, Mirroring his cuts to us-spoken staff. Employee Numbers in the UK Fell to 114, from 399 the Previous Year, Including 173 in “Research and Development”.
Despite these dismal revonsue Figures, x’s value has recoveered to its $ 44bn purchase price after it was recently acquired By Musk’s X.Ai Artificial Intelligence Startup for $ 33Bn.
Twitter uk ltd was also brought up for Failing to file the accounts on time, and only filled full accounts on monday for 2023.