"Twitter" It is incurring a loss of $270 million and its revenue is down 1%.

Twitter suffered losses estimated at $270 million, and its revenue in the second quarter of this year decreased by 1% year on year.

Revenue fell to $1.18 billion from $1.19 billion in the corresponding quarter last year.

quotes from magazinesForbes Middle EastThe first financial data released by Twitter after billionaire Elon Musk backed out of a $44 billion acquisition of the platform.

Twitter blamed what it called “uncertainty” around the acquisition deal, as well as the negative impact on the advertising industry, for the decline in its financial performance for the last quarter.

Earlier, a US court responded to Twitter’s request to prosecute Elon Musk by ruling that a 5-day trial should begin next October, and the court is considering whether Musk should finalize the deal to buy Twitter.

Earlier, the team of lawyers for billionaire and businessman Elon Musk demanded that his trial be postponed due to the transfer of the purchase of the Twitter platform to next year.

Musk’s lawyers have said the case should go to court no later than February 13, 2023, arguing that Twitter is pushing for an unreasonably quick trial over allegations that the CEO of Tesla and SpaceX incorrectly ended its offer to buy social media for 44 billion dollars. platform, Bloomberg reports.

Source: agencies