Quarterly Report: Twitter Revenue Drops, Big Loss

Twitter posted a drop in revenue and a hefty loss in the past quarter surrounding tech billionaire Elon Musk's turbulent takeover attempt. Revenues fell 1% year over year to $1.18 billion. Analysts had expected a good 1.3 billion dollars. Twitter justified the decline with the weakening of the online advertising market - and also with the uncertainty surrounding Musk's takeover plans.