Elon Musk confirms the firm has a heavy debt load and income in June was not what had been expected.
Twitter has lost almost half of its advertising revenue since it was bought by Elon Musk for $44 billion last October, its owner has revealed.
Mr Musk sacked about half of Twitter's 7,500 staff when he took over in 2022 in a effort to cut costs.Its in-built connection to Instagram automatically gives the Meta-designed platform access to a potential two billion users.
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