Twitter user growth rises but weak sales highlight Musk challenges

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Reuters

By Sheila Dang and Akash Sriram (Reuters) – Twitter Inc on Thursday reported revenue and ad sales that fell short of expectations and were depressed by the ongoing war in Ukraine, laying out the challenges billionaire Elon Musk will face if he takes over the social media company. The company also reported 12 million new users in the quarter, its highest rise in users since the height of the pandemic, and the mixed news left the shares up 0.6% in late morning trade. The report could be Twitter’s last as a public company, although the stock price, which is at an 11% discount to Musk’s offer pric…

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