- Twitter ( NYSE: TWTR ) may report a $100 million revenue miss when it reports Q2 results on Friday.
- Elon Musk and his advisors understand that Twitter expects to report a revenue miss of about $100 million for Q2, CNBC's David Faber reported, citing a redacted part of Musk's response to Twitter's lawsuit, that was listed in an exhibit.
- Twitter ( TWTR ) shares were initially weaker on the report, though they have now ticked up 0.7%.
- The latest news comes after Musk received a setback in his plans to terminate his $44 billion purchase of the social media giant Monday when a judge said a trial would start in October rather than the February start that Musk's legal team had requested.
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Twitter may disclose $100M revenue miss for Q2 - report