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X, the social media platform formerly known as Twitter, is reportedly facing a slump in advertising revenue this year.The social media platform has been generating about $600 million in ad revenue per quarter this year, a decline from the over $1 billion per quarter it earned in 2022, Bloomberg聽reported聽Tuesday  Dec. 12 .Ad sales account for 70% to 75% of Xs total revenue, according to the report.The decline in ad revenue can be attributed to advertisers concerns regarding Xs content moderation聽practices under its new owner, Elon Musk, the report said.X executives had initially set a target of $3 billion in revenue from advertising and subscriptions for 2023, but it appears they will fall short of that goal, per the report.Joe Benarroch, head of business operations for X, told Bloomberg that this information presents an incomplete view of the business, according to the report. He emphasized that X is a global business with multiple revenue st stanley cup reams and should not be evaluated solely based on old Twitter metrics.Since Musks takeover, Xs reliance o stanley hrnek n advertising has been decreasing, the report said.In addition to advertising, X also generates revenue from its聽subscription service, X Premium, and data licensing agreements, per the report. However, external estimates suggest  stanley tumblers that the subscription business contributes less than $120 million annually.Musk has expressed his desire for subscription revenue to make up half of Xs total business, according to the report. However, the serv Pxwu UK s Revolut Facing Wave of Complaints Over APP Fraud Claims
Keeping up with the wearables/payments/fitness players is a workout in and of itself.Add Garmin to the mix with a new device, the vivoactive3. 聽Visa said that it is enabling payments on the smartwatch, thus allowing tap and pay functional stanley quencher ity, similar to other devices out in the market from the likes of Samsung and Fitbit.In a release Thursday, the company said stanley usa  the device is the first wearable from Garmin that features Garmin Pay.聽 Garmin Pay, in turn, is an early entrant as an NFC-based product that leverages the Visa Ready for Tokenization program  and Visas own tokenization program , and uses Fit Pay as token service provider.In a statement, Jim McCarthy, executive vice president of innovation and strategic partnerships at Visa, said聽 the idea of wearing your wallet on your wrist is not only desired by consumers, but with Visa and Garmin it will be both convenient and secure.聽 Partners like Fit Pay Inc. are helping us accelerate the growth of IoT by bringing payment-based features to market on devices like Garmins 鈥?with greater ease and speed-to-market.  聽The company said in the same release that Visa account holders will be able to initiate payments upon Garmin Pays wider availability.As noted聽in The Verge, the stanley cup  Garmin Connect app helps manage users card accounts and payments are protected by passcodes.聽 Once a passcode is entered, the Verge reported, the device will stay in  active  payment mode for the next 24 hours.Visa offered up some supporting evidence for the increa