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As per Indian accounting requirements, X’s India arm recorded a Rs forty four crore loss in FY22. The further loss was related to share-based compensation costs that the company had to bear. In July 2022, the Ministry of Electronics and Information Technology revealed that X had 23.6 million users in India, making it the platform’s third-largest market. Indian users additionally constitute 7% of the social media site’s world person base. The transfer leads to the walkout of 5,000 workers at the website, which makes a few of the company’s most profitable automobiles, together with the Chevy Tahoe, the Chevy Suburban and GMC Yukon.

Pid Has Launches World’s First Nfc Pet Id Display Card And Platform

Following Musk’s acquisition, the corporate sacked almost entire employees in India in November 2022. Earlier this year, Musk rebranded Twitter as X and introduced Business News an ad revenue-sharing program for content creators. With this program, the corporate distributed almost $20 million to the creators on the platform.

Akwa Ibom Govt Could Unload Keystone, Heritage Banks Properties To Recover N228m Debt

Rising borrowing prices and a squeeze on household incomes have cooled the market. Email us the type of bloggers you want to reach out for your advertising marketing campaign at We’ll share blogger’s data in an Excel or CSV format. Food and beverage news, developments, ingredient applied sciences and commodity markets evaluation. Thailand Business News is a complete news service about Thailand with a business and monetary perspective edited in Bangkok. Hensive content around crucial business, financial and political stories from around the world, whereas additionally adhering to other area of interest areas that interest world readers. Get the latest news, in-depth analysis and advice on all business across the UK.

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