X Corp, formerly known as Twitter, reported a dramatic decline in its revenue from India, falling by 90% to just Rs 21 crore (approximately $2.5 million) in the fiscal year 2024. This significant drop in revenue is attributed to a decrease in advertising income, which has been a major challenge for the platform since Elon Musk's acquisition. Despite the revenue plunge, X Corp managed to remain profitable by reducing its workforce, having laid off most of its India team. The company, which has a substantial user base in India, is facing difficulties in monetizing its services effectively in this key market.