Musk says Twitter could face bankruptcy as top executives flee
The company is losing $4 million a week as high-profile staffers resign, raising doubts that it can keep operating.
Watch CBS News
The company is losing $4 million a week as high-profile staffers resign, raising doubts that it can keep operating.
"I got this wrong," admits CEO Mark Zuckerberg as his company grapples with faltering revenue and broader tech industry woes.
The platform's new owner issued the warning after some celebrities after some celebrities changed their Twitter display names - not their account names - to parody him.
The layoffs were apparently already beginning. And they're being challenged in court by employees who filed a class action suit.
Musk is in charge of the social media platform and has fired its CEO and other executives, numerous reports say. Musk tweeted, "the bird is freed."
In one of his first moves as owner, Musk has reportedly fired three top executives. CBS2's Maurice Dubois has the story.
Elon Musk plans to lay off most of Twitter's workforce if and when he becomes owner of the social media company.
Tom Cruise's next mission is looking all the more possible — a studio executive says he's going to be "taking the world to space" in his upcoming film.
Billionaire Elon Musk said Tuesday he intends to reverse Twitter's ban against former President Donald Trump. CBS News' Tanya Rivero and Dan Patterson break down this announcement with CBS News tech reporter Dan Patterson.
Elon Musk's bid to buy Twitter is on the verge of a collapse.
Billionaire Elon Musk remains on the fence about following through with officially buying Twitter after raising concerns about internal data. CBS News' Technology Reporter Dan Patterson explains the number of hang-ups that have occurred since Musk's announcement to purchase and what lies ahead.
Musk said Twitter's permanent suspension of Trump in the days following the January 6 attack "was morally wrong and flat out stupid."
The billionaire will be buying the social media site for $44 billion.
Social media company is a "digital town square where matters vital to the future of humanity are debated," billionaire says.
Billionaire founder of Tesla launches hostile bid for the social media company, saying it "needs to be transformed."
Two NASA astronauts returned to Earth on Sunday in a dramatic, retro-style splashdown, their capsule parachuting into the Gulf of Mexico.
Mayor Bill de Blasio confirmed that Tesla CEO Elon Musk in donating hundreds of ventilators to New York City and New York state.
A federal judge was hearing arguments about whether Musk should be held in contempt for violating an agreement with the Securities and Exchange Commission.
After two years of hype and anticipation, Elon Musk's Boring Company held a raucous unveiling of its test tunnel on Tuesday night.
Musk, who has an estimated $20 billion fortune, and Tesla, a company that ended June with $2.2 billion in cash, each are paying $20 million to resolve the case, which stemmed from a tweet Musk sent on Aug. 7
Regulators claim the CEO's claims about having the funds to buy back his public company were not true.
The Big Falcon Rocket is scheduled to make the trip in 2023, SpaceX founder Elon Musk announced at an event Monday at its headquarters near Los Angeles.
Another executive departure, another controversy over the CEO's behavior, another stock drop -- another typical day at Tesla.
Insiders at Tesla confirm CEO Elon Musk does, in fact, want to take the company private again.
Electric car maker Tesla Inc. has delivered on its CEO's promise to build a lower-priced car at a rate of 5,000 per week by the end of June.
Alex Bores has a master's degree in computer science, but for some reason tech titans are trying to stop his campaign in New York's 12th Congressional District.
While the LIRR work stoppage has caused a mess for people heading to weekend events, the real concern is Monday morning's commute.
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
Luke Weaver escaped a bases-loaded, no-outs jam against his former team as the Mets beat the Yankees Saturday night to even the Subway Series.
Anunoby has the maximum amount of time to rest before Game 1 of the NBA Eastern Conference finals.
Alex Bores has a master's degree in computer science, but for some reason tech titans are trying to stop his campaign in New York's 12th Congressional District.
While the LIRR work stoppage has caused a mess for people heading to weekend events, the real concern is Monday morning's commute.
On Day 1 of the LIRR strike, riders reported their regular trips to and from New York City turned into marathons.
The NYPD said Elvin Suarez struck four pedestrians after his 2019 Mercedes-Benz GLC 300 SUV veered over a concrete island near West 109th St. and Amsterdam Ave.
The work stoppage, the LIRR's first since 1994, went into effect after the MTA and five unions representing 3,500 workers failed to reach a deal on a new four-year contract.
The weekend is set to be the warmest of the year so far with summer-like weather across the Tri-State Area.
Keep an umbrella nearby as there's a chance for showers across the New York and New Jersey area. But the weather will turn to sunshine and warm temperatures for the weekend.
The weather on Wednesday will be a mix of sunshine and clouds with the potential for a shower in New York City. In the evening, rain becomes more widespread.
An unsettled pattern continues through the entire Mother's Day weekend in the New York City area.
After summer-like warmth, rainy weather and cooler temperatures return to the New York City area mid-week.
With just weeks to go before the primary, voters in New Jersey's 7th Congressional District are wondering where their congressman is.
Macy's Fourth of July Fireworks will take place on both the lower East River near the Seaport and the lower Hudson River, in collaboration with Jersey City.
It was down to the wire for one lucky New Jersey lottery winner. A winning $5.9 million Pick-6 lottery ticket was just eight days away from expiring.
The weekend is set to be the warmest of the year so far with summer-like weather across the Tri-State Area.
For the first time ever, the World Cup final will host a Super Bowl-style halftime show, with megawatt headliners Madonna, Shakira and BTS.
While the LIRR work stoppage has caused a mess for people heading to weekend events, the real concern is Monday morning's commute.
On Day 1 of the LIRR strike, riders reported their regular trips to and from New York City turned into marathons.
The work stoppage, the LIRR's first since 1994, went into effect after the MTA and five unions representing 3,500 workers failed to reach a deal on a new four-year contract.
Glen Cove's hidden gem has been closed for nearly two decades, but it's finally reopening thanks to hard work from the community.
Riders have been rerouted to Grand Central Terminal, which is much more crowded than usual since the electrical fire at Penn Station.
Alex Bores has a master's degree in computer science, but for some reason tech titans are trying to stop his campaign in New York's 12th Congressional District.
While the LIRR work stoppage has caused a mess for people heading to weekend events, the real concern is Monday morning's commute.
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
The work stoppage, the LIRR's first since 1994, went into effect after the MTA and five unions representing 3,500 workers failed to reach a deal on a new four-year contract.
With just weeks to go before the primary, voters in New Jersey's 7th Congressional District are wondering where their congressman is.
A New York doctor who contracted and survived Ebola more than a decade ago says he is worried for healthcare workers who are at the center of treating the latest outbreak.
New York Gov. Kathy Hochul proposed millions to keep the program open, but the reforms would cut reimbursement rates for private duty nurses.
A New York native is among 16 American passengers who are quarantining in Nebraska after being on the cruise ship that is at the center of the deadly hantavirus outbreak.
American passengers on the MV Hondius cruise ship, which was hit with a deadly outbreak of the hantavirus, are back in the U.S. Three of the at least 10 people confirmed infected in the outbreak have died.
Three New Yorkers are among the 18 people being quarantined in Nebraska and Atlanta due to hantavirus concerns.
The well-known film critic and journalist Rex Reed has died at 87.
"The Pitt" star Isa Briones is bringing heightened pride and Filipino presence to both stage and screen.
Broadway's "The Book of Mormon" has canceled two weeks of performances following a fire at the Eugene O'Neill Theatre.
Uzo Aduba and Darren Criss announced the 2026 Tony nominees for select categories on "CBS Mornings" on Tuesday.
Rihanna, Sabrina Carpenter, Madonna, and Beyoncé all wore their best looks to celebrate the "Costume Art" theme at the 2026 Met Gala. Here are some of the best moments, photos, and more from the night.
Luke Weaver escaped a bases-loaded, no-outs jam against his former team as the Mets beat the Yankees Saturday night to even the Subway Series.
Anunoby has the maximum amount of time to rest before Game 1 of the NBA Eastern Conference finals.
FIFA President Gianni Infantino joked that if someone does pay $2 million for a ticket to the World Cup final, "I will personally bring him a hot dog and a Coke."
Cole likely has one more minor league rehab start in his recovery from elbow surgery before he rejoins the New York Yankees starting rotation.
Holmes' right fibula was fractured by a 111.1 mph comebacker off the bat of the Yankees' Spencer Jones during the Mets' 5-2 loss on Friday.
Ahead of the 2026 RBC Brooklyn Half Marathon, some athletes are showing how simply reaching the starting line is a victory.
The Second Avenue Subway project has entered phase two of extending the "Q" line, but Harlem businesses say they're struggling to co-exist with the construction.
City Council members say requirement for transparent roll-down gates is burdensome for small businesses ahead of the July 1 enforcement deadline.
For more than four decades, residents living beside Brooklyn's District 13 Sanitation Garage in Coney Island have been waiting for the facility to move away from their homes.
There's a swim club in Harlem teaching kids a lifesaving skill, and they're turning timid swimmers into competitors.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
CBS News New York's Marcia Kramer talks to Assemblyman Bores about his candidacy in the 12th Congressional District and to Councilwoman Maloney on the economic impact of the impending World Cup on NYC.
CBS News New York's Marcia Kramer sits down with 12th Congressional District candidate Alex Bores, and talks the potential impact of the world's biggest sporting event with Councilwoman Virginia Maloney.
The governor urged the sides to get back to the bargaining table and also went into detail on the MTA's contingency plan for Monday morning's commute.
CBS News New York's John Elliott has a look at the week ahead, but also spends time with several people taking part in an important cause -- AIDS Walk New York in Central Park.
Lieber told CBS News New York's Aziza Shuler and Jenna DeAngelis that the MTA has no intention of backing down in negotiations with the unions representing LIRR workers.
