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

The company’s turnover 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 that the gap between the actual amount of revenue and market expectations has reached 11%, but the forecast. At the same time, the main reason for the management of the social network is the uncertainty with the agreement regarding the purchase of Twitter by Elon Musk.

Top managers are convinced that the situation depends on Musk’s actions. Therefore, the company’s managers do not give any forecasts for the third quarter, and also refused the annual conference with analysts.

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