Twitter is blaming Elon Musk for its poor second-quarter results ...Middle East

Quartz - Economy

Twitter kept its earnings report simple for the second fiscal quarter of 2022. The social media company did not hold its usual conference call in which executives take questions from financial analysts. Citing Elon Musk’s pending $44 billion takeover, Twitter merely posted its results on its website.While Twitter’s user base rose 16.6% year over year to 237.8 million, the social media company’s revenue fell 1% to $1.18 billion during that period. Results were worse than expected: On average, according to FactSet, analysts predicted revenue would hit $1.32 billion. The company swung to a net loss of $270 million, after posting a profit of $65 million this time last year.Twitter cited “adverti

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Last updated : 22 July 2022 clock 05:56 PM

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Twitter is blaming Elon Musk for its poor second-quarter results ...Middle East

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