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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
Tesla CEO Elon Musk sat down for a sprawling interview with CNBC anchor David Faber on Tuesday following Tesla’s 2023 annual shareholder meeting in Austin, Texas, CNBC reported. During the course of their approximately hour long conversation, Musk reflected on: How he has managed a takeover of Twitter so far and what lies ahead. Among other things, he said Twitter’s
Tucker Carlson will be reviving his show on Twitter, after being abruptly dismissed from Fox News last month, The Guardian reported. In a tweet captioned, “We’re back,” Carlson on Tuesday shared a video discussing his next moves. The former host said he would be taking his show to Twitter, which he described as “the last remaining platform in the world”
Elon Musk has created a new artificial intelligence company called X.AI Corp. that is incorporated in Nevada, according to a state filing, The Wall Street Journal reported. According to The Wall Street Journal, Mr. Musk is the only listed director of the company, and Jared Birchall, the director of Mr. Musk’s family office, is its secretary, according to the filing
Since acquiring Twitter, Elon Musk maintained that one of his major objectives was to eliminate the bots. Last night, Twitter did just that. One problem, though: The bots blocked are the good ones, Mashable reported. According to Mashable, numerous public service Twitter accounts have lost their ability to automatically post breaking news and events. Twitter has been removing API access,
CNBC posted an article titled: “NPR quits Twitter, becoming first major U.S. news outlet to do so”. NPR said Wednesday it will stop sharing content on Twitter after the social media company labeled NPR “state-affiliated media,” a term also used for Russia- and China-based propaganda outlets. CNBC reported that the news outlet’s organizational accounts will no longer post new content
NPR reported that Twitter CEO Elon Musk said the platform’s recent labeling of NPR as “state-affiliated media” might not have been accurate during a series of email exchanges that provided a glimpse into the billionaire’s thought process on decisions that reverberate far beyond the social network.