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		</div><p>Twitter reported a quarterly loss on Friday as revenue slipped even as its number of users climbed.</p>
<p>The social media company’s latest quarterly earnings figures offered a glimpse into how the social media business has performed during a months-long negotiation with billionaire and Tesla chief executive Elon Musk over whether he will take over the company.</p>
<p>The company lost $270 million in the April-June period after revenue slipped 1 per cent to $1.18 billion, reflecting advertising industry headwinds, as well as “uncertainty” over Mr Musk’s acquisition bid.</p>
<p>The number of daily active users rose 16.6 per cent to 237.8 million compared with the same period a year before.</p>
<p>Twitter chalked up the gains to “ongoing product improvements and global conversation around current events”.</p>
<p>Overshadowing Twitter’s latest sales results is its legal fight with Mr Musk to make good on his April promise to buy the company for $44 billion.</p>
<figure id="attachment_172869" aria-describedby="caption-attachment-172869" style="width: 1600px" class="wp-caption alignnone"><img src="https://londonglossy.com/wp-content/uploads/2022/03/Elon-Musk-creative-commons.jpg" alt="Elon Musk , Tesla, Twitter" width="1600" height="800" class="size-full wp-image-172869" /><figcaption id="caption-attachment-172869" class="wp-caption-text">Elon Musk halts his Twitter bid</figcaption></figure>
<p>Twitter last week sued Mr Musk to complete the deal and both sides are bracing for an October courtroom trial to resolve the dispute.</p>
<p>Given the pending acquisition, Twitter said it would not hold its usual quarterly earnings conference call or issue a shareholder letter.</p>
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