$116 M losses to boot.
Controversial presidential announcements and celebrity revenge porn are all in a day’s work for the social network everyone loves to hate. Now, has announced its most recent financial results and things aren’t looking good for the microblog beloved by the leader of the free world.
On the money side, managed to lose $116 million in the quarter, a little more than the $107 million it lost this time last year. If you compare the $535 million it pulled in from advertisers in Q2 2016, the $489 million it made in Q2 2017 doesn’t look great, either. The company believes that losses will be trimmed in the future, and the figures were only big because of some one-off charges.
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