Twitter blames Elon Musk for revenue decline ...News

News by : (Russia Today) -
The social media giant, which posted a quarterly net loss, has claimed its results were affected by takeover-related uncertainty Twitter operated at a loss in the second quarter and suffered a decline in revenue from a year earlier, reflecting struggles that the company blamed partly on its pending sale to billionaire Elon Musk. Revenue over April-June dropped 1% to $1.18 billion, while the bottom line swung to a $270 million net loss from a year-earlier profit of $66 million, Twitter reported on Friday. The company incurred an operating loss of $344 million, compared with an operating profit of $30 million in the

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