Basics of economics Every day, find selected information from a world in complete transformation.
News Elon Musk It reveals a 50% drop in Twitter Ads revenue | Elon Musk announced the Twitter he bought it for $44 billion In October 2022, registered A drop of almost 50% of its advertising revenue. This situation, along with Heavy debt burden, keeps the social network in a negative cash flow state. The changes Musk has made since taking over as Twitter boss have upset users and advertisers. This advertisement comes as an application threadswhich he launched meta To compete with Twitter, I reached out to 100 million users In just five days. It comes to The first big threat Twitter since Musk took over. At the same time, Musk accused Meta of possessing him Industrial secrets and intellectual property rights were violated By hiring former Twitter employees. Meta denied the accusations.
Twitter has lost about half of its ad revenue since Elon Musk owned it https://t.co/0nSlegviR1
– franceinfo (@franceinfo) July 16, 2023
No. Today 5.3 billion euros | Swiss group RichemontWhat is with you Cartierreported a 14% growth in quarterly sales, reaching 5.3 billion euros. This increase was mainly driven by the recovery in China, where sales doubled, and in Europe thanks to domestic demand and tourism spending. However, sales in the Americas region saw a slight decline. Richemont’s positive results matched those of Swatch Group And barbaricwhich also experienced strong demand in Asia, especially in China.
📉 Address # Requimont It fell sharply (-7.5%) on the Swiss Stock Exchange, to 142.3 francs, following the publication of half-year results. To the article ➡️ https://t.co/5xdAYCZHYi pic.twitter.com/L7eeQw2Aa2
– AGEFI Switzerland (Ageficom) July 17, 2023