Advertisers abandon $TWTR after the company admitted in Q1 it had overstated users for three years and more recent revelations that bots may be understated.

Company reports loss of 8 cents per share vs expected earnings of 14 cents. Company blames Elon for bringing attention to user/bot issues.

Jul 22, 2022

∙ Paid

This morning Twitter released its 2nd quarter results revealing that advertisers are avoiding the platform. Instead of posting earnings of 14 cents per share as it had promised Wall Street, Twitter revealed it had actually lost 8 cents per share. In just three months sales revenue declined by $140 million exacerbating the company’s $270 million loss.

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