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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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What a time to be a tech business reporter! Even as Sam Bankman-Fried’s fraud trial gets underway, our scoop yesterday about AI startup Anthropic’s rising valuation suggests that the disgraced FTX founder may have scored at least one home run with his Anthropic investment. Yes, that’s right: The fast-evolving story about AI startups has converged with the SBF drama. The big question is how much...
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