Axar.az
UP

Axar.Az Logo

Twitter spent $33m in three months on Elon Musk deal

Home page Technology
12 Punto 14 Punto 16 Punto 18 Punto

Twitter spent $33m (£27m) on Elon Musk's proposed deal to buy the firm between April and June 2022.

It also said its number of monthly daily users had risen to 237m - but it reported a net loss of $270m, which was worse than expected.

Mr Musk has since changed his mind about the purchase, and a court date is now set for October because Twitter wants to force through the sale.

There is a $1bn termination fee potentially at stake.

Twitter declined to discuss its latest financial results, citing the "pending acquisition" as the reason.

The report covers the period from April to June 2022.

Twitter has doubled-down on its position on the amount of spam and fake accounts on the platform - the reason Elon Musk had given for terminating the deal.

Date
2022.07.22 / 22:35
Author
Axar.az
Comments
See also

Jupiter was observed at its closest distance to Earth

SpaceX launches another 52 Starlink satellites

"Starlink" internet will work everywhere - Musk

SSS: Tiktok temporarily suspended in Azerbaijan

Apple insider shares iPhone 15 info

The app has stopped selling the iPhone 11

IPhone-14 smartphones were introduced

Instagram fined €405m over children's data privacy

Jupiter to be its closest to the Earth on Sept. 26

Amazon eyes entering Japan prescription drug market

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla