Is Elon Musk Ready To Pay Twitter's First Giant Interest?

January 18, 2023 Story: Divya Sinha

According to a Platformer reporter's tweet, Twitter's revenue is down 40% year over year.

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Also, the tweet further detailed that Elon Musk has to make Twitter’s first mega interest payment by the end of January.

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The first interest payment is for the $13 billion debt that Elon Musk took to buy Twitter.

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With the revenue down, ahead of Elon Musk's big payment deadline may force Elon Musk to make difficult decisions, such as selling more Tesla shares.

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It was previously reported that Twitter derives nearly 90% of its revenue from digital ad sales.

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In November the company also saw a "significant drop in revenue" as advertisers withdrew their ads.

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Twitter made serval changes after Elon’s acquisition such as $8 for blue tick and has made several attempts to bring the brand back onto the platform.

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