Twitter has stated that developers will no longer have free access to public data beginning February 9.
Thursday at 1:05 a.m. EST, the Twitter Development Team made the announcement: “We will no longer support free access to the Twitter API, both v2 and v1.1.” Instead, a paid basic tier will be offered.’
According to Twitter’s website, Application Programming Interfaces (API) “provide companies, developers, and users with programmatic access to Twitter data.” APIs enable developers to access public information held in Twitter’s data, the availability of which is controlled by users.
Developers and businesses wanting this information will no longer be able to file a free application beginning next Thursday, but will instead be required to pay an unspecified fee.
The Development Team stated that additional information regarding the change will be accessible prior to its implementation.
Twitter has stated that developers will no longer have free access to public data beginning February 9. Thursday at 1:05 a.m. EST, the Twitter Development Team made the announcement: “We will no longer support free access to the Twitter API, both v2 and v1.1.” Instead, a paid basic tier will be accessible.
‘Over the years, hundreds of millions of individuals have sent more than a trillion Tweets, and billions more are sent every week,’ the team noted in a late-night tweet. Twitter statistics are among the most powerful data sets in the world. We are devoted to providing quick and thorough access so that you can continue to work with us.
The move comes after it was discovered that the social media company’s revenue was down 40 percent compared to the previous year, and many advertisers have halted spending after Tesla CEO Elon Musk assumed the position of Chief Twit.
Musk’s October 2014 $44 billion acquisition of Twitter was mired in controversy when the entrepreneur fired thousands of employees without warning.
Now, sources have reported to the technology newsletter Platformer that the website’s daily revenue on Tuesday, January 17 was 40 percent lower than it was on the same day last year.
In the first three months of 2022, Twitter made $1.2 billion in income, or $13.3 million per day. If its current sales is 40 percent below that, it would be earning $8 million each day.
The Information reports that more than 500 advertisers have ceased spending with the site since Musk’s acquisition.
The decision was made after it was disclosed that the social media company’s revenue was down 40 percent compared to the previous year and many advertisers had halted spending after Tesla CEO Elon Musk assumed the role of Chief Twit.
Last month, engineering manager Siddharth Rao reportedly told colleagues of the decrease at a staff presentation.
Advertisers were frightened by the company’s enormous layoffs and Musk’s hurried implementation of a paid verification function, which resulted in imposters mimicking firms on Twitter.
Recently, the social media platform lifted its prohibition on political commercials for 2019 and announced that it would loosen its advertising policy for ’cause-based ads’ in the United States and align its ad policy with TV and other media channels.
In November, Musk admitted there had been issues with advertising revenue, telling his followers: ‘Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, despite the fact that nothing has changed with content moderation, and we did everything to appease the activists.’
He said, “Extremely unfortunate! They are attempting to eliminate freedom of speech in America.
The company has yet to release its fourth-quarter results report, which is scheduled for February.
Since Musk’s takeover, more than 500 advertisers have ceased spending with the site.
Musk intended to diversify Twitter’s revenue away from advertisements over time. However, the rapid decline in spending is expected to have a negative impact on the organization in the medium run.
Musk has already eliminated 75% of the company’s 7,500-person workforce, prompting dozens of laid-off employees to suit for wrongful termination.
In addition, the company is being sued by the landlord of one of its San Francisco locations for failure to pay rent.
According to court documents, the social networking behemoth skipped a $136,260 rent payment for its office at 650 California Street.
This is not Twitter’s official headquarters, which are located nearby on Market Street.
According to sources, Twitter’s revenue has decreased by 40 percent, with daily revenue anticipated to be approximately $8 million as of the first quarter of 2022.
Similar issues have arisen at its other offices, including one in Seattle that is in risk of eviction for nonpayment of rent.
Employees in Seattle have been instructed to begin working from home.
The loss report comes as supplies from Twitter’s headquarters are currently up for auction on the website Heritage Global Partners.
Office chairs from the company were sold for more than $1,000.
Musk initially said in December that he would be selling company property, claiming he wanted to rid the business’s headquarters of its ‘woke’ supplies.
This includes a colossal monument of a Twitter bird and expensive luxury products such as a $20,000 espresso machine, a $10,000 vegetable dryer, and a $17,000 braising pan
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