Twitter posts 270 million dollar quarterly loss as revenue slips

Tesla and SpaceX CEO Elon Musk (Susan Walsh/AP/PA)

Twitter reported a quarterly loss on Friday as revenue slipped even as its number of users climbed.

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.