Twitter is in negative cash flow due to 50% drop in advertising revenue, says Elon Musk
Elon Musk says Twitter is still losing cash because advertising has dropped by half. In a reply to a tweet offering business advice, Mr Musk tweeted Saturday: “We’re still negative cash flow, due to (about a) 50 per cent drop in advertising revenue plus heavy debt load.” “Need to reach positive cash flow before we have the luxury of anything else,” he concluded. Ever since he took over Twitter in a $44bn deal last fall, Mr Musk has tried to reassure advertisers who were concerned about the ouster of top executives, widespread layoffs and a different approach to content moderation. Some high-profile users who had been banned were allowed back on the site. In April, Mr Musk said most of the advertisers who left had returned and that the company might become cash-flow positive in the second quarter. In May, he hired a new CEO, Linda Yaccarino, an NBCUniversal executive with deep ties to the advertising industry. But since then, Twitter has upset some users by imposing new limits on how many tweets they can view in a day, and some users complained that they were locked out of the site. Mr Musk said the restrictions were needed to prevent unauthorized scraping of potentially valuable data. Twitter got a new competitor this month when Facebook owner Meta launched a text-focused app, Threads, and gained tens of millions of sign-ups in a few days. Twitter responded by threatening legal action. Read More Elon Musk doppelganger fights fake Mark Zuckerberg in preview of cage match Twitter starts making payments to its controversial users, including $20k to Andrew Tate Threads: Elon Musk posts series of explicit tweets about Mark Zuckerberg
2023-07-16 11:19
Lenovo Legion Pro 5 Gen 8 Review
The Legion Pro 7i Gen 8 might be the top dog in Lenovo's gaming kennel,
2023-07-05 23:55
GM's Cruise to slash fleet of robotaxis by 50% in San Francisco after collisions
California authorities have asked General Motors to "immediately" take some of its Cruse robotaxis off the road after autonomous vehicles were involved in two collisions -- including one with an active fire truck -- last week in San Francisco.
2023-08-22 05:27
Who Voices Clive in Final Fantasy XVI?
See who voices Clive Rosfield in Final Fantasy 16
2023-06-24 03:20
GTA 6 fans convinced Rockstar post has just confirmed game's setting
At this point, the setting of Grand Theft Auto 6 isn't up for debate. It'd be a huge shock to see Rockstar Games swerve the much rumoured Vice City, Florida setting. Of course, there's been no official confirmation of the game's setting or any further details as fans await a hotly-anticipated trailer in early December, but a number of big leaks have pointed directly to GTA 6 following up on Grand Theft Auto: Vice City with a trip to the Sunshine State. With only 'unofficial' signs pointing to Vice City, fans have taken a recent post from Rockstar Games as a pre-trailer confirmation that the GTA series is heading back to Florida, and that the map will be based around Vice City. An X account, GTA 6 Trailer Countdown, posted a capture of a Rockstar Games with the following message: "Rockstar Games just dropped some merch including “IVC” sticker and Vice City-themed socks ahead of the GTA 6 reveal in December." This has lead to speculation that Rockstar have all but 'confirmed' Vice City as the setting of the game. However, some fans aren't convinced that the merch drop means anything at all: For now, it seems like all signs point towards a Vice City comeback judging on the leaks that have already occurred, and a return that should be announced very soon. In the meantime, you can pick up your Vice City merch here. Sign up to our free indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-11-29 20:55
Why Did Tinker Bell and Esmeralda Lose Their Disney Princess Titles? It’s Complicated
The official Disney Princess club only has 13 current members—here's why it lost two early inductees.
2023-08-22 03:17
JCPenney Announces $300,000 Commitment to Alliance for a Healthier Generation
PLANO, Texas--(BUSINESS WIRE)--Jul 11, 2023--
2023-07-11 21:21
Factbox-OpenAI's new-look board as Altman returns
ChatGPT-maker OpenAI on Tuesday said it reached an agreement for Sam Altman to return as CEO days after
2023-11-22 16:59
xQc goes on explosive rant about Twitch streamers' stances on gambling promotions: 'F**king insane'
xQc used to regularly host sponsored gambling streams on Twitch, attracting tens of thousands of viewers until it was banned on the platform
2023-06-20 17:59
U.N. meeting debates aviation emissions goal through cleaner fuels
By Allison Lampert (Reuters) -Global aviation officials on Friday sought to agree an interim target for cutting carbon emissions from
2023-11-24 22:59
Eurostar passengers can avoid UK passport checks by having faces scanned
Eurostar passengers departing from London can avoid one of two manual passport checks through a facial verification system. The launch of the technology at St Pancras station – which also removes the need to scan tickets – is aimed at easing congestion. To participate, passengers must use an app before travel to scan their identity document and verify their face and ticket. At the station they walk in front of a screen and have their face detected. If they are approved they can proceed through doors which open automatically. The SmartCheck system, developed by iProov, is available to Business Premier and Carte Blanche passengers. Users no longer need to have their passports scanned by Eurostar’s UK contractors carrying out exit checks. Bags are still being scanned by security staff and French border officials are continuing to check passports. It emerged earlier this year that Eurostar was being forced to leave hundreds of seats empty on trains to and from London to avoid long queues at stations. The situation has since improved but dozens of seats are not being offered for sale on some services. Enhanced post-Brexit checks carried out by French border officials have significantly increased the time it takes to process passengers at the station. Eurostar chief executive Gwendoline Cazenave said: “Providing a seamless station experience to our customers is a priority for Eurostar. “We continue looking for solutions to increase capacity in stations and simplify the passengers’ flows. “SmartCheck in St Pancras International station is a solution for a faster and seamless check-in experience. “By introducing SmartCheck, we become the first rail travel operator to adopt biometric face verification. “This innovation will enhance our customer departure journey, which is crucial to provide Eurostar’s unique travel experience.” Andrew Bud, chief executive of iProov, said: “The rollout of SmartCheck in Eurostar’s Business Premier check-in at London St Pancras is significant because it clearly demonstrates how facial biometric technology can be used to manage border control in a smarter and more efficient way, to benefit both organisations and passengers at scale. “By creating a biometric corridor, we are moving security checks away from the station, saving precious time and space at the border, streamlining the boarding process to one that’s far faster, more convenient, less crowded and stressful, yet even more secure.” Heathrow Airport began trialling facial biometric scanners in 2019 but the project was dropped when passenger numbers collapsed due to the coronavirus pandemic. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live ‘Hostile states using organised crime gangs as proxies in the UK’ Kim Kardashian, Rylan Clark and Dalai Lama among those joining new app Threads Mastercard helping banks predict scams before money leaves customers’ accounts
2023-07-18 20:26
Lionel Messi says he's joining Major League Soccer's Inter Miami after exit from Paris Saint-Germain
Lionel Messi says he is coming to Inter Miami and joining Major League Soccer
2023-06-08 04:19
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