Ad revenue for X has significantly declined since Musk took over, leading to a decrease in marketing spending.
Marketers are worried about brand safety due to the controversial content on X.
Future plc CFO stepping down as company reports revenue declines and new two-year investment plan
Future plc's chief financial and strategy officer Penny Ladkin-Brand is stepping down from the company's board next year after eight years with the media company.
CEO Jon Steinberg announced a plan to invest $31.5 million to $37.8 million into Future over the next two years to get the company back on track.
California Faces $68 Billion Deficit Amid Steep Revenue Decline
California is facing a $68 billion budget deficit due to a decline in revenue similar to that seen during the Great Recession and dotcom bust.
The state's reliance on taxation of capital gains and the personal income of high earners, along with the federal government's efforts to control inflation, are contributing factors to the budget deficit.
California faces a $68 billion spending gap after tax revenue shortfall, report says
The State of California is facing a $68 billion budget deficit, according to a report by the Legislative Analyst's Office.
The deficit is due to a significant decline in revenue and a previously anticipated deficit of $14 billion.
California Faces $68 Billion Deficit Amid Steep Revenue Decline
California is facing a $68 billion budget deficit due to a decline in revenue similar to that seen during the Great Recession and dotcom bust.
The state's reliance on taxation of capital gains and the personal income of high earners, along with the federal government's efforts to control inflation, are contributing factors to the budget deficit.
California faces a $68 billion spending gap after tax revenue shortfall, report says
The State of California is facing a $68 billion budget deficit, according to a report by the Legislative Analyst's Office.
The deficit is due to a significant decline in revenue and a previously anticipated deficit of $14 billion.
Bustle Publisher Revenue Drops 10% As CPG and Parenting Brands Falter
Bustle Digital Group is projected to generate between $136 million and $144 million in revenue this year, a decline of 10% to 15% compared to 2022.
The company is experiencing its first year-over-year decline in revenue in a decade due to challenges in the digital advertising sector and Hollywood strikes.