Twitter misses sales estimates amid Musk legal battle | Social Media News
Twitter sales totaled $1.18bn in the second quarter, which fell short of the $1.32bn analysts estimated.Twitter Inc. reported disappointing second-quarter sales on Friday, another blow to a company that is already fighting a high-profile legal battle with Elon Musk over the fate of the social network. Revenue fell 1% in the quarter from a year earlier, its first annual decline since the middle of the pandemic in 2020. Sales totaled $1.18 billion in the quarter, which fell short of the $1.32 billion analysts estimated. The company said “advertising industry headwinds associated with the macroenvironment as well as uncertainty related to the pending acquisition of Twitter” were factors in the disappointing results. Twitter added 8.8 million new users during the quarter, in line with analysts' estimates. It's unclear how much Friday's…