Twitter presents decaffeinated results and blames Musk for the drop in its income

Twitter had losses of 270 million dollars (about 264 million euros) in the second quarter of 2022. In the same period of 2021 it had reached a net profit of 65 million dollars and the company attributes this fall in part to "uncertainty " generated by

since he announced his plans to buy the firm and, months later, unilaterally break the agreement.

The company took legal action against the Tesla manager a few weeks ago and the trial will be held, in principle, in October.

In this quarter, Twitter's income also fell compared to the previous year (1.1%, specifically) for a total of 1,176.6 million dollars.

This, reports the social network, "reflects the headwinds facing the advertising sector," but also "

" by Musk.

The firm considers, according to the press release, that the rescission of the operation is "null and arbitrary" and that the agreement should go ahead.

Hence, they have resorted to litigation to resolve the situation.

If the purchase is carried out for the agreed price, the shareholders would receive a payment well above the market for their shares.

In the case of advertising revenue, there was a year-on-year increase (2.2%) and

were spent , although those related to subscriptions plummeted 26.3% (101 million) and international ones as well fell 4% (515 million).

All in all, in the first half of the year the firm obtained a net profit of 243.2 million (up 82% compared to 2021) and also increased its income (2,377 million dollars in total, a growth of 6.68%).

Fake accounts, the main argument put forward by the tycoon in a retreat that he broadcast almost in real time on the social network,

, according to company data.

Musk accused the company of not providing him with the data he requested - it did - and based his withdrawal on this data, which, in any case, he had refused to review at an earlier point in the purchase.

Meanwhile, nine million monetizable daily users were added compared to the figure marked in the first quarter and already reach 237.8 million, 16.6% more than in 2021.

In any case, the Twitter situation seems more complex than that of Elon Musk.

The company, according to analysts, is in litigation to be bought by a businessman who has already made it clear that he does not want it and it is difficult for his image not to end up damaged by the movement, even if the judge agrees with them.

His reputation will not be the same no matter what happens and any future purchases will be marked by the current one.

Meanwhile, the manager, who is 51 years old, uses the very platform provided by the social network to charge against her and her employees, while publishing memes, information about Tesla or cryptocurrencies -the SEC has already charged him several times for manipulate the markets - or even challenge Vladimir Putin to a boxing match.

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