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Evening Standard
Evening Standard
Business
Jonathan Prynn

Profits and revenues collapsed at UK arm of Twitter after Musk takeover

Twitter Inc. United Kingdom Elon Musk
The social media site was rebranded X in 2023 after the takeover (Yui Mok/PA) - (PA Archive)

Profits and revenues at the UK operations of Elon Musk’s social platform X plummeted in the year after he took it over, new accounts have revealed..

Latest financial results from Twitter UK Ltd, filed with Companies House, this week, show that revenues collapsed by two thirds to £69.1 million in 2023.

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