Micro blogging platform Twitter Inc blamed uncertainties related to its $44 billion acquisition by Elon Musk and a weakening digital ad market for a surprise fall in quarterly revenue
Twitter, which has sued Musk for dropping his offer to buy the company, said advertising revenue rose just 2 percent to $1.08 billion, reports Reuters.
The company's results come after Snapchat posted weak results and declined to make a forecast, citing "incredibly challenging" conditions as advertisers cut back on spending. Twitter and its peers, including Snap and Alphabet, saw an uptick in revenue last year as brands spent online.
