TWITTER SPENT $33M IN THREE MONTHS ON ELON MUSK DEAL

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Twitter spent $33m on Elon Musk’s proposed deal to buy the firm between April and June 2022.

It also said its number of monthly daily users had risen to 237m – but it reported a net loss of $270m, which was worse than expected.

Musk has since changed his mind about the purchase, and a court date is now set for October because Twitter wants to force through the sale.

There is a $1bn termination fee potentially at stake.

Twitter declined to discuss its latest financial results, citing the “pending acquisition” as the reason.