Twitter cites Musk deal uncertainty in earnings miss. Photo: Angela Weiss / AFP/FileSource: AFPTwitter reported disappointing results on Friday, a miss that the social network attributed to "headwinds" including the uncertainty related to Elon Musk's buyout bid. Twitter missed expectations with revenue of $1.18 billion, due to "advertising industry headwinds... as well as uncertainty related to the pending acquisition of Twitter by an affiliate of Elon Musk," the firm reported. The news comes days after Twitter notched a victory in its fight with Musk, when a judge agreed to a fast-track trial on whether to force the billionaire to complete the buyout. The San Francisco-based social network cannot afford to lose customers.

Source: Daily Nation July 23, 2022 03:49 UTC