22-07-2022 16:56 via theguardian.com

Twitter blames revenue slide on Elon Musk takeover uncertainty

Social media firm says 1% decline for three months to 30 June reflects uncertainty over acquisition bidTwitter has blamed a drop in revenue on uncertainty around Elon Musk’s chaotic takeover bid for the business and a weak advertising market.The social media company said revenue for the three months to 30 June was $1.18bn (£986m), a decline of 1% on the same period last year, which it said reflected “advertising industry headwinds associated with the macroenvironment” as
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