> In an update to investors, Twitter reported a decline of about 40% year-over-year in both revenue and adjusted earnings for the month, the people said.

Mathematically this is difficult to believe... Unless the interest payment == the cost reductions or the interest was adjusted out of the adjusted earnings and the cost reductions == 40% etc.

Someone somewhere in the long line of people from twitter to 'people familiar with the matter' are either making shit up or waving their hands in the air and grabbing the nearest number.