Twitter is attributing their recent earnings drop to their current legal battle with Elon Musk.
The social media site reported a $270 million loss in the quarter that ended in June, per NPR. Twitter cited ad industry headwinds and uncertainty about Elon‘s acquisition as contributing factors in its revenue results. Click inside to read more… Elon entered into an agreement to buy Twitter in April.
He announced that he would be “terminating” the deal a few months later, claiming that the company was in “breach” of their merger agreement.
He went on to claim that Twitter did not provide enough information about the bot and spam accounts on the platform, nor did they give him and his team enough data to conduct their own investigation.
Read more on justjared.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.