(Reuters] -Twitter Inc. has sold to Elon Musk for $44 billion. The company said that on Thursday it gained more users than Wall Street anticipated, even though revenues were slightly less than expected.

Due to the impending acquisition, all goals and outlook were withdrawn by the company.

From 199 million users a year prior, the daily active user count rose to 229 millions in the quarter ending March 31. On average, analysts had predicted 226.8 millions daily active users.

Twitter (NYSE 🙂 has had a difficult time shaking off its stagnation user base. It has worked to increase its targeting and measure of ads, as well as testing different e-commerce advertising formats. Additionally, it has spent aggressively on initiatives like video advertisements.

Musk did not make clear his plans for “fixing and improving” Twitter. However, he spoke about subscription-based businesses and crackdowns on bot accounts.

The company reported revenue of $1.2 million, in comparison to analysts’ average estimation of $1.23billion, IBES data by Refinitiv shows.

From $68million, which was 8 cents per shares a year ago, its net income shot up to $513.3 Million, or 61 Cents per Share.

Stocks of the San Francisco-based firm rose by 0.7% during trading that began before the bell.