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As per Indian accounting standards, X’s India arm recorded a Rs 44 crore loss in FY22. The extra loss was related to share-based compensation prices that the company needed to bear. In July 2022, the Ministry of Electronics and Information Technology revealed that X had 23.6 million customers in India, making it the platform’s third-largest market. Indian users additionally represent 7% of the social media site’s global person base. Find monetary, advertising, administration, and technology advice on this site. It additionally covers present events and offers tips about how small business can become extra successful.

“Modest home worth falls over 2023 imply it’s going to take longer for housing affordability to reset to a stage the place extra individuals start to move house again. Income development is finally rising sooner than inflation, however mortgage rates stay caught round 5% or higher. CNNMoney is CNN’s exclusive business website with business, markets, know-how, media, luxurious, personal finance and small business news.

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