Trump Pushing Twitter to Bankruptcy After $1.2 Billion Loss in Second Quarter and Low Bond Rating

Twitter reported a net loss of $1.2 billion in the quarter, though credits most of that loss to a $1.1 billion deferred tax asset allowance. Excluding that tax expense, Twitter said its adjusted loss was $127 million, or 16 cents a share. Analysts, on average, estimated a loss of 1 cent. https://www.bloomberg.com/news/articles/2020-07-23/twitter-reports-revenue-that-misses-estimates-on-plunge-in-ads

Twitter Plans First Sale of High-Yield Debt https://www.wsj.com/articles/twitter-plans-first-sale-of-high-yield-debt-11575393438

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Author: H. A. Goodman

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