July 22 (UPI) -- Twitter surprised Wall Street on Friday when it reported a loss of more than $200 million in the second quarter of 2022, a three-month period that saw billionaire Elon Musk agree to buy the social platform and then back out of the deal.
The social media giant's earnings report showed a $270 million loss between April and June, a decline that saw Twitter stock decline 8 cents per share. The company also said revenue slid 1% to $1.18 billion, compared to Q2 in 2021.