Twitter has been caught up in plenty of headlines recently, and all that news didn't end up helping the social media company on the bottom line: abc15
Twitter reported a $270 million net loss in the second quarter of 2022 as the company faced uncertainty over its future ownership.“Twitter believes that Mr. Musk’s purported termination is invalid and wrongful, and the merger agreement remains in effect,” Twitter said on Friday. “On July 12, 2022, Twitter commenced litigation against Mr.
Musk said he backed out of the sale because Twitter could not verify the percentage of users who are false or spam accounts. Twitter said Friday an internal audit found that less than 5% of accounts are comprised of false or spam accounts. Twitter, however, said its figure of spam accounts could be underrepresented and it is looking for ways to approve its accounting.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Twitter Says Musk Is Using Site 'as a Megaphone' to Criticize Company | CoinMarketCapMusk's legal team wants a trial over his abandoned takeover to begin next year, but Twitter is lobbying for the proceedings to begin as soon as possible.
Read more »
Elon Musk paid 'way too much' for Twitter 'house of cards,' Truth Social CEO saysTruth Social CEO Devin Nunes argues Twitter has the upper hand as Elon Musk offered 'way too much' to purchase Twitter knowing it was a 'bot farm' and 'house of cards.'
Read more »
Twitter Cites Elon Musk “Uncertainty,” Ad “Headwinds” as Quarterly Earnings Fall ShortThe social media giant grows daily users to 237.8 million.
Read more »
Twitter says Elon Musk 'uncertainty' impacted results as earnings miss expectationsAfter Snap Inc. issued a grim warning on the state of the advertising landscape, Twitter Inc. fell short with its own results for the latest quarter.
Read more »
Twitter says 'uncertainty' with Elon Musk is hurting its businessTwitter reports quarterly revenue of $1.18 billion, a decline of 1% from the prior year which it attributes in part to 'uncertainty' related to battle with Elon Musk
Read more »
Tesla's Musk Remains Open to Buying More Bitcoin After Selling in Q2 to Raise CashAfter selling 75% of Tesla's bitcoin holdings in the second quarter to raise cash, elonmusk is open to adding more bitcoin exposure in the future. mikeybellusci reports
Read more »