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Briefing

Twitter Blames Ukraine War For Revenue Growth Shortfall in Q1

By
Martin Peers
· · Source: The Information

Twitter reported 16% higher revenue of $1.2 billion, falling slightly short of its own projection, reflecting “headwinds associated with the war in Ukraine.” Meta Platforms, Alphabet and Snap have each blamed the Ukraine war on advertising weakness in the first quarter. The earnings report comes days after Twitter said it agreed to be acquired by Elon Musk for about $44 billion, or $54.20 a...

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From left, Alphabet CEO Sundar Pichai, DeepMind CEO Demis Hassabis and Google Brain chief Jeff Dean. Photos by Getty, Bloomberg
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Orlando Bravo, co-founder of Thoma Bravo LLC. Photo by Bloomberg.
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