Twitter on Friday said Elon Musk’s contentious takeover bid, combined with macroeconomic factors affecting the ad market, were to blame for the tech giant missing Wall Street’s revenue expectations for the second quarter.
Why it matters: Twitter’s share price, which is typically a reflection of performance as well as other factors, could play a role in possible negotiations with Musk later this year, if the two parties decide to settle their dispute out of court.
