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 …Continue reading