richest person in the world Elon MuskWith the decision to buy Twitter, it was on the agenda of the whole world. However, due to developments in the future, it was announced that the famous businessman was giving up on this purchase. The popular social media platform responded to Musk’s decision by filing a lawsuit.

Now there are new statements from the US-based tech giant. Twitter, whose court hearing for the case with Musk has been announced in recent days, is today revenue report published. The published report revealed that the giant company has suffered a serious loss of income following Musk’s decision to give up.

Twitter has announced it has lost $270 million

The social media platform today released its financial report for the second quarter of the year and $1.2 billion in revenue reported. This showed that sales fell short of estimates of 1.3 billion, a decrease of 1% compared to the same period last year. In addition, the company posted a profit of $66 million last year. 270 million dollars He also stated that there was some damage. A loss of 35 cents per share this quarter was also included in the report. Estimates on this subject were 7 cents.

The report published by Twitter revealed that the company fell short of expectations and was touched by what happened to Musk. In the statements made, it is stated that the reason for this achievement is: economic concerns and uncertainties over Musk’s acquisition shown. Twitter recently said it spent $33 million on acquisitions and $19 million on layoffs this quarter.

Following this announcement, the company’s stock fell 2% to $38.50. If the shares are in the past year? more than 40% lost reported.