Elon Musk-owned Twitter reported a drop of 40 per cent in revenue and adjusted earnings in the month of December, year-on-year, as per a report by the Wall Street Journal.

Twitter's revenue, adjusted earnings tumble by 40% amid ad squeeze: Report

Twitter witnessed a decline of $44 billion in its ad business after Elon Musk took over the company. Thus, in a new incentive to lure brands back to Twitter, the social media platform has started to offer no-cost advertisements to brands.

Twitter hands out free ad spaces to chase brands back on platform

Volkswagen, which owns Audi together with several other brands, said it had recommended the brands pause paid advertising on Twitter until further notice following Elon Musk's takeover.

World Business Watch | All VW group brands have halted paid activities on Twitter

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Twitter's revenue, adjusted earnings tumble by 40% amid ad squeeze: Report

Twitter hands out free ad spaces to chase brands back on platform

World Business Watch | All VW group brands have halted paid activities on Twitter