How Elon Musk’s Twitter Faces Mountain of Debt, Falling Revenue and Surging Costs

To make the deal work, Mr. Musk has been trying to add subscription revenue and reassure advertisers about the platform’s future. Twitter was losing money before Mr. Musk bought the company, and the d...

Twitter Is Being Sued By Its Own Employees For Mass Layoffs

| Getty Images Key Takeaways Elon Musk acquired Twitter on October 28, 2022. A week later, he cut nearly half of its workforce. Workers in California have sued the company over potential violations of...

Twitter’s Broken Its Copyright Strike System, Users Are Uploading Full Movies

Hackers MGM While Twitter, the website, remains online and has not simply collapsed after the vast majority of workers were fired or resigned under Elon Musk, we are already starting to see the cracks...

The Myth of the Tech God Is Crumbling

Tech is full of smart people who build, run and invest in successful companies that have produced a tremendous amount of innovation. But the industry’s recent spate of failures and reversals has made ...

The Sad Cases Of Elon Musk And Mark Zuckerberg

Rich kid. getty Have you seen the prices lately of Elon Musk’s Tesla stock and Mark Zuckerberg’s META stock? They’re both in serious decline, a different kind of condition for their investors who’d be...

CBS News Suspends Use Of Twitter ‘In Light Of The Uncertainty’ Surrounding Platform Under Musk

NEW YORK, NY – AUGUST 02: The CBS headquarters seen on August 2, 2013 in New York City. (Photo by … [+] Andrew Burton/Getty Images) Getty Images CBS News has decided to suspend posting to ...

A Green Hydrogen Bet, GM Expects EV Profits By 2025 And The World’s Population Hits 8 Billion

This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. getty Earlier this week, the United Natio...

Musk Reinstates Kathy Griffin And Jordan Peterson Amid New Policy — But Not Trump Yet

Topline Elon Musk reinstated controversial Twitter users Kathy Griffin, Jordan Peterson and the Babylon Bee as he explained a new content policy reversing Twitter’s prior stance of removing harmful co...

Mercedes Draws a Secret Weapon Against Tesla

Mercedes-Benz knows it has to act fast, if the legacy carmaker doesn’t want to be knocked out of the crucial electric vehicle market. The German brand is battling Tesla  (TSLA) – Get Free ...

What We’ll Lose When We Lose Twitter

Elon Musk laughs while Twitter burns, editorial illustration by Rob Salkowitz. Rob Salkowitz/Stable Diffusion Since Elon Musk’s ultimatum to Twitter employees to “go extreme hardcore” or take off ende...

‘#R.I.P Twitter’ Trends As Musk’s Ultimatum To Staff Reportedly Triggers Exodus And Offices Close—Here’s What You Need To Know

Topline Confusion reigns at Twitter as the company closed its offices and hundreds of employees opted to leave rather than sign on to Elon Musk’s demand they work longer hours, the latest in a series ...

NBC News Special Investigates ‘Meltdown’ At Twitter—Can It Survive Elon Musk?

Twitter owner Elon Musk is seen with a Twitter logo in this photo illustration in Warsaw, Poland on … [+] 21 September, 2022. (Photo by STR/NurPhoto via Getty Images) NurPhoto via Getty Images F...

Rep. Karen Bass Defeats Billionaire Rick Caruso

Topline Rep. Karen Bass (D-Calif.) beat billionaire real estate tycoon Rick Caruso in Los Angeles’ mayoral election, staving off a surprisingly competitive challenge from a tough-on-crime former Repub...

Another Rash Of Layoffs Could Be Coming At Twitter

Photo by Leon Neal/Getty Images. Getty Images As if things couldn’t get any worse at TwitterTWTR , Elon Musk has just given employees an ultimatum that they have until Thursday to decide whether to st...

Why Are Tech Companies Laying Off So Many Workers?

(Photo by Smith Collection/Gado/Getty Images) Getty Images Key Takeaways Layoffs have been sweeping the tech sector, including big names like Meta, Amazon, Shopify and Netflix. The widespread downsizi...

Elon Musk to Twitter 2.0 Employees: Work Long Hours or You’re Fired

Elon Musk sends an ultimatum to Twitter employees. Since his take over of the company, the billionaire CEO has been on a war path with his employees, switching the social media company’s previou...

NASA’s Artemis 1 Mission Finally Takes Off Towards Moon—Another Small Step For Humankind Returning To Lunar Surface

Topline NASA’s Artemis 1 mission finally took flight early Wednesday morning, launching a new era of human exploration after months of delays and marking a major milestone on the road to returning ast...

Charlie Munger calls the success of Elon Musk’s Tesla a ‘minor miracle’ in the car business

Berkshire Hathaway Vice Chairman Charlie Munger spoke highly of Elon Musk’s electric vehicle company Tesla, calling it an amazing feat in the American auto industry. “I was certainly surpr...

Twitter Takeover Has Increased His Workload ‘Quite A Lot’

Topline Billionaire Elon Musk on Monday said his recent takeover of Twitter—along with his existing responsibilities as the CEO of Tesla and SpaceX—has caused his workload to increase by “quite a lot”...

From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses

From the FTX bankruptcy and downfall of crypto “rock star” Sam Bankman-Fried to the chaos at Twitter, it has not been a good week for the geniuses of capitalism. Elon Musk’s abrupt a...

Biden At COP27, A Tesla Bull Goes Bearish And Carbon Emissions Keep Climbing

This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Anadolu Agency via Getty Images President...

Twitter Facing Dire Problems On Multiple Fronts

Photo by Paul Jeffers/Fairfax Media via Getty Images via Getty Images. Fairfax Media via Getty Images Jack Dorsey, co-founder of TwitterTWTR Inc. must be having a number of very bad hair days. After a...

SpaceX shakes up Starbase leadership in Starship push

An aerial view of a Starship prototype stacked on a Super Heavy booster at the company’s Starbase facility outside of Brownsville, Texas. SpaceX While Elon Musk earns daily headlines over change...

Elon Musk Made Unusual Request in Falling Out With Top Tesla Lieutenant

Last year, Elon Musk parted ways with one of his top deputies at Tesla Inc., a French auto-industry executive named Jerome Guillen. Mr. Guillen worked at Tesla for roughly a decade, rising to oversee ...

Musk Issues New Rule For Parody Twitter Accounts After ‘Verified’ Impersonators Cause Chaos

Topline Twitter CEO Elon Musk on Thursday night outlined the latest set of rules under which parody accounts will operate, including clear identification, hours after multiple impersonator accounts wh...

Musk Tells Staff Twitter Could Go Bankrupt Without Financial Turnaround, Reports Say

Topline Twitter’s new owner Elon Musk told staff in an all-hands meeting Thursday the company has financial problems so serious that “bankruptcy is not out of the question” if it doesnR...

Eli Lilly Clarifies It’s Not Offering Free Insulin After Tweet From Fake Verified Account—As Chaos Unfolds On Twitter

Topline Pharmaceutical company Eli Lilly clarified Thursday it is not offering free insulin, after a fake Twitter account—which was verified through Twitter Blue, a new subscription service implemente...

Elon Musk Wants to Challenge Apple

Elon Musk is a man in a hurry.  He wants to move fast.  The new boss and owner of the social network Twitter  (TWTR) – Get Free Report wants to imprint his mark on the platform, which cost him $...

TikTok, Twitter, And The Future Of Social Media

TOPSHOT – This video grab taken from a video posted on the Twitter account of billionaire Tesla … [+] chief Elon Musk on October 26, 2022 shows himself carrying a sink as he enters the Twi...

Tesla Stock ‘Tarnished’ By Musk’s Twitter Antics—’Very Nervous’ Months Ahead After $650 Billion Crash, Analyst Warns

Topline Though the stock market rallied on Thursday after a better-than-expected inflation report, one formerly bullish Tesla analyst has soured on the stock during its recent plunge, blaming CEO Elon...

Musk Reportedly Bans Remote Work At Twitter And Warns Of ‘Difficult Times’ In Internal Email

Topline Twitter’s new CEO and owner Elon Musk scrapped the company’s remote work policy and ordered all employees to return to the office in his first email to staffers since taking over the company, ...