X, the social network owned by Elon Musk, reported a staggering 89.8% drop in revenue in India, falling to $2.51 million for the fiscal year ending in March. This contrasts sharply with the previous year's revenue of $24.7 million. The company also cut its expenses drastically from $20 million to $2.2 million. Despite the revenue decline, X managed to post a profit of $380,000, though this is down from $3.62 million the year prior. The reasons behind the revenue drop remain unclear, coinciding with layoffs and challenges in retaining advertisers globally.