Twitter, a major American social media company, has been in the red for three months until last month.
The skill of Mr. Elon Musk who decided to acquire Twitter will be questioned in the midst of poor performance.
Twitter announced on the 28th that the three-month financial results from January to last month had sales of 1.2 billion dollars and 150 billion yen in Japanese yen, about 16% higher than the same period of the previous year.
On the other hand, the operating loss, which indicates the profit of the main business, was 127 million dollars, which was more than 16.5 billion yen due to the high development cost.
Twitter has agreed to accept an offer to buy Elon Musk, CEO of American electric car maker Tesla, the world's richest man, and closed the day because it's in the process of being bought. I canceled the meeting.
On Twitter, business performance has been sluggish, with last year's financial results being in the final deficit for the second consecutive year, and Mr. Musk's ability to grow the company in the fields of electric vehicles and space development will be questioned.