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Elon Musk says Twitter has had ‘massive’ revenue drop as advertisers pause spending



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Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020.Yasin Ozturk | Anadolu Agency | Getty ImagesTwitter has suffered a “massive drop in revenue” because of advertisers pausing advertising on the social media platform, Elon Musk, the new owner of the company, said Friday.In a tweet, Musk cast blame on “activist groups pressuring advertisers.” He said Twitter hasn’t changed its content moderation strategy, and added that the company has done “everything we could to appease the activists.”Musk didn’t specify how much revenue the company has lost from the pullback, or how he was able to attribute that loss to pressure from activist groups.Musk reiterated his comments in an interview at the Baron Investment Conference on Friday.”We’ve made no change in our operations at all,” Musk said on stage during the even …

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