Business & Tech
Twitter Posts $270 Million Quarterly Loss As It Prepares To Fight Elon Musk In Court
Twitter reported a quarterly loss Friday, with revenue slipping even as its number of users climbed.
Find out what's happening in San Franciscofor free with the latest updates from Patch.
Twitter reported a quarterly loss Friday, with revenue slipping even as its number of users climbed.
The social media company's latest quarterly earnings figures offered a glimpse into how its business has performed during a months-long negotiation with billionaire and Tesla CEO Elon Musk over whether he will take over the company.
Find out what's happening in San Franciscofor free with the latest updates from Patch.
The company lost $270 million in the April-June period after revenue slipped 1% to $1.18 billion, reflecting advertising industry headwinds, as well as uncertainty" over Musk's acquisition bid.
Please click https://www.cbsnews.com/video/... for a CBS News video report.
CBS Local Digital Media personalizes the global reach of CBS-owned and operated television and radio stations with a local perspective.
