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X’s UK profits collapsed the year after Elon Musk’s takeover

X’s revenues and profits collapsed in the UK in the year after Elon Musk took over the social media platform, the company has admitted.A decline in advertising spending amid concerns about “brand safety and/or content moderation” were cited as the reason for the fall, according to accounts filed this week to Companies House.Twitter UK Ltd also narrowly averted being struck off last month for failing to file the accounts on time, according to other recent filings to Companies House. It only filed...

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