As per Indian accounting standards, X’s India arm recorded a Rs 44 crore loss in FY22. The additional loss was associated to share-based compensation prices that the company needed to bear. In July 2022, the Ministry of Electronics and Information Technology revealed that X had 23.6 million customers in India, making it the platform’s third-largest market. Indian users additionally Business News represent 7% of the social media site’s international consumer base. The transfer results in the walkout of 5,000 workers at the web site, which makes some of the company’s most profitable automobiles, including the Chevy Tahoe, the Chevy Suburban and GMC Yukon.

Twitter Ceo Tells Workers Company Is At Midnight Over Future Underneath Musk

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