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Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday, falling short of his expectation in March that Twitter could reach cash flow positive by June, Reuters reported. “Need to reach positive cash flow before we have the luxury of anything else,” Musk said in a
Sony has agreed to a 10-year deal for Call of Duty with Microsoft to keep the franchise on PlayStation after the proposed Activision Blizzard acquisition. Microsoft Gaming CEO Phil Spencer says Sony and Microsoft have agreed to a “binding agreement” to keep Call of Duty on PlayStation, The Verge reported. This ends a bitter battle between the companies that has
In a victory for Microsoft, the U.S. Appeals Court for the 9th Circuit late on Friday denied the Federal Trade Commission’s motion to temporarily stop Microsoft from closing its $68.7 billion acquisition of video game publisher Activision Blizzard, CNBC reported. Microsoft is still working to resolve concerns about the transaction from the United Kingdom’s Competition and Markets Authority. The two
Vice President, Brand, Hardware and Peripherals, SIE, Isabelle Tomatis, posted information about PlayStation’s highly customizable accessibility controller kit available to preorder starting on July 21. From the PlayStation blog: For the past five years, we’ve been on a journey with accessibility organizations and experts to create a versatile controller kit that enables games with disabilities to play more comfortably and
A coalition representing faculty at Texas public universities is suing Gov. Greg Abbott and other officials over the state’s ban on TikTok on government-issued devices, effective next year, NBC News reported. The ban, they say in the lawsuit, will prevent faculty members from using the platform to teach and conduct research in an academic capacity. The lawsuit was filed Thursday,
Twitter is now paying creators for a share of the ad revenue earned from ads served in the replies to their posts. Users who subscribe to Twitter Blue and have earned more than 5 million tweet impressions each month for the last 3 months are eligible to join, TechCrunch reported. According to owner Elon Musk, the first round of creator
The Federal Trade Commission is not giving up on its bid to prevent Microsoft from closing its $68.7 billion acquisition of game publisher Activision Blizzard, CNBC reported. On Wednesday, the agency filed to appeal a federal judge’s decision to deny a request for a preliminary injunction that would have prevented the deal from closing. The decision comes one day after