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The billionaire also said that ads are “too frequent on Twitter
and too big,” and that steps will be taken to address those issues
in coming weeks, Trend reports citing Reuters.
Twitter did not immediately respond to a request for
comment.
Twitter earns nearly 90% of its revenue from selling digital ads
and Musk recently attributed a “massive drop in revenue” to rights
organizations that have pressured brands to pause their Twitter
ads.
Earlier in December, Musk announced that Twitter’s Basic blue
tick will have half the number of advertisements and that it will
offer a higher tier with no advertisements by 2023.
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