Twitter blamed Elon Musk for their financial failures

The social network Twitter reported on the revenue it expected in the second quarter of 2022. Discuss

Company revenue

amounted to $ 1.18 billion instead of the expected $ 1.32 billion. At the same time, the company's managers attributed their success to the difficult macroeconomic situation and Elon Musk.

Regarding the current situation, it is reported thatthe gap between the actual amount of revenue and market expectations reached 11%, but predictable. At the same time, the main reason in the leadership of the social network is the uncertainty with the deal to buy Twitter by Elon Musk.

Top managers are convinced that the whole situationdepends on the actions of the Mask. Therefore, the company's managers do not give any forecasts for the third quarter, and they also refused the annual conference with analysts.