Twitter Reports 40% Drop in Revenue and Adjusted Earnings to Investors: WSJ

Elon Musk’s Twitter told investors its revenue and adjusted earnings fell approximately 40% year-over-year in December, The Wall Street Journal reported on Friday.

The Journal, citing people familiar with the matter, reported that an update to investors spelled out the social media site’s steep declines in its second month under CEO Elon Musk’s ownership. Twitter did not return Barron’s request for comment.