Twitter plummets after fake Elon Musk purchase

07/25/2022 at 10:11

EST


Twitter has published the economic results of its second quarter

The result has not been the best, largely due to his fight with Elon Musk

Twitter has published its results second quarter of 2022and the figures of the social media giant have been overshadowed and quite hidden because of the purchase that the tycoon was going to carry out Elon Musk of the company. Twitter has revealed to have lost 33 million in expenses for the acquisition of Elon Musk according to TechCrunch.

Musk has decided that he no longer wants to buy Twitter, but the blue bird company is trying to force the deal due to the serious losses it has caused him. A judge agreed with him and assured that he could accelerate the legal case against Musk.

TWITTER AGAINST MUSK: FROM IDYLL TO HELL

This is the amount of money that Twitter has spent since it announced its sale to Musk

| pexels

The company has grown much less than expected this quarter due to the confrontation between the two. In the meantime, the company remains a joint-stock company in which must answer to its shareholders. Its income has fallen 5% compared to the previous quarter, being 1,180 million dollars when in the previous one it was 1,320 million dollars. It is not only because advertising is not being as beneficial in the technological world, but also because uncertainty generated by the purchase of Musk.

The company lives a constant “groundhog day”, in which they can not seem to get out of the quagmire.

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Twitter plummets after fake Elon Musk purchase