This morning they went financial results announced of the social network Twitter and the finger is pointed directly at Elon Musk as to the culprit for the drop in revenues.
This year, the Twitter presented revenues of US$1,18 billion, compared to US$1,19 billion a year ago.
It is clear that the problem was not solely Elon Musk. The company also mentions problems in the ad industry and the general economic environment itself. But still, theuncertainty related to pending acquisition of Twitter by an affiliate of Elon Musk” is the most Twitter-specific issue on the list.
"Second-quarter revenue totaled $1,18 billion, down 1% year-over-year or up 2% on a constant currency basis, reflecting advertising industry headwinds associated with the macro environment, as well as uncertainty related to the pending acquisition of Twitter by an affiliate of Elon Musk".
BUT: Elon Musk and Twitter at odds over 'legal battle'
Twitter had a loss of US$270 million in the second quarter, but made profits of US$243,3 million in the first half, 82% more than in the same period of 2021, reveals the reports.
According to the American technology company, its turnover between January and June was 2.377,6 million dollars, an increase of 6,8%, despite the revenues fell 1,16% in the second quarter to 1.176,7 million.
The publication of these results comes after a US court specializing in commercial disputes decided that the trial between Twitter and billionaire Elon Musk will take place in October for five days.
