Twitter suffers decline in revenue

Twitter’s 2nd quarter results have been released, the social media company made some baby steps towards stability in revenue and audience retention, but was held back by the ongoing chaos caused by its delayed purchase by Elon Musk and advertisers cutting budgets.

Twitter followed suit in announcing its overall revenue for the three months to 30 June was £986m, representing a decline of 1% ($270m), on the same period last year.

It also noted that the ongoing uncertainty surrounding Elon Musk’s takeover and subsequent operation of the company was a factor in the reduced revenue.

Read more at The Drum