Elon Musk's X India Faces 90% Revenue Drop in FY24

• X India, formerly Twitter, reports a 90% revenue decline in FY24 post Elon Musk's takeover.
• The company's profit also fell by 94% during the same period.
• The significant decline is likely due to the company's 90% layoffs in November 2022.
• Despite the revenue drop, X India reported a profit before tax of Rs 2.42 crore in FY24.
• The company's relevance continues to decrease in India, with no apparent solution to the revenue slide.

Source: Entrackr