Twitter blames Elon Musk for making it lose money

Illustration by Alex Castro / The Verge Twitter would have earned more money over the past few months if Elon Musk hadn’t been in the picture. At least, that’s what the company says in its Q2 earnings release this morning, citing Musk as a factor in its revenue results, which fell year over year to $1.18 billion from $1.19 billion. That’s not the only reason Twitter is experiencing revenue problems. The company also cites ad industry problems — see Snap’s poor performance yesterday — and the general economic environment. But “uncertainty related to the pending acquisition of Twitter by an affiliate of Elon Musk” is the most Twitter-specific problem on the list. Ad sales are reportedly in “disarray” Musk entered into an agreement to buy Twitter in April, and he’s been trying to… Continue reading… from The Verge – All Posts https://ift.tt/nSs5Wcp via Grabey Blog
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