Twitter sued the entrepreneur, who runs car companyand rocket maker SpaceX, to complete the deal.

A trial over the dispute is expected to happen in October over five days.

Costs related to the pending acquisition were approximately $33 million during the second quarter, the company said.

The company canceled the analyst call that is commonly held after the earnings report.

Like other tech companies, Twitter is bracing for a potential recession.

The company laid off nearly 100 workers in July after freezing hiring.

Social media companies are also grappling with advertising slowdowns.

Some marketers are pausing ad campaigns during the Russia-Ukraine war.

Privacy changes at Apple have also made it tougher for advertisers to track the effectiveness of their campaigns.

Twitter’s stock was holding about even in early trading Friday after the company released its earnings.