Twitter blamed the ongoing struggle to complete its $44 billion acquisition of Elon Musk and the weakening digital advertising market for the unexpected drop in quarterly revenue and net loss. Advertising revenue rose just 2% to $1.08 billion, falling short of Wall Street’s expectations of $1.22 billion, according to Refinitiv IBES data.
China’s Yangtze River shrinks due to extreme heat and drought
August 16, 2022
