The social media giant, which posted a quarterly net loss, has claimed its results were affected by takeover-related uncertainty Twitter operated at a loss in the second quarter and suffered a decline in revenue from a year earlier, reflecting struggles that the company blamed partly on its pending sale to billionaire Elon Musk.

Multinational alcohol beverage producers Beam Suntory and Edrington will sell their joint venture, Maxxium Russia, and exit the Russian market, the company said in a statement on its website published earlier this week.

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