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Twitter is blaming Musk and a weak ad market for the drop in revenue

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.

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