Twitter’s fourth quarter revenue fell about 35% year over year to
$1.025 billion, a top ad executive revealed at a staff meeting
Wednesday, the most detailed sign yet of how much revenue has
fallen. That was 72% of Twitter’s internal goal for the quarter,
according to a slide showed to employees.
The executive, Twitter’s global sales and marketing chief Chris
Riedy, also said the company is hoping to generate $732 million in
revenue in the first quarter, which would be a drop of 39% from
the first quarter of last year.