Between April and June 2022, Twitter spent $33 million (£27 million) on Elon Musk's proposed acquisition of the company.

Additionally, it stated that there were now 237 million monthly active users, which was worse than expected

Since then, Mr. Musk has changed his mind about the acquisition, and Twitter is now pushing for the deal to go through, thus a court date has been set for October

There could be a $1 billion termination fee at risk

Twitter cited the "pending acquisition" as the reason for declining to comment on its most recent financial results

Twitter cited the "pending acquisition" as the reason for declining to comment on its most recent financial results

Twitter's revenue in 2021 was $5 billion (£4.2 billion), yet during the past year, its share price has dropped by 45%

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