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.
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The company is losing $4 million a week as high-profile staffers resign, raising doubts that it can keep operating.
In an email to the social media company's employees, the billionaire said there was "no way to sugarcoat the message."
"I got this wrong," admits CEO Mark Zuckerberg as his company grapples with faltering revenue and broader tech industry woes.
Twitter appears to be battling a wave of celebrity and corporate impersonators on its platform who have quickly gamed the company's new paid verification system, hours after its launch.
"I got this wrong," admits CEO Mark Zuckerberg as his company grapples with faltering revenue and broader tech industry woes.
It's not clear if the money Musk raised went toward the Twitter purchase, or to support losses at Twitter since he took over.
Twitter said Tuesday evening that to resolve ambiguity about which accounts on its platform have been identity-verified — as opposed to those simply paying $8 a month for a blue check mark on their profiles — the company will introduce a new, gray check mark as part of an "official" label.
Some advertisers, users have left platform amid growing concern over company's ability to deal with hate speech, misinformation.
Shonda Rhimes, Toni Braxton, Sara Bareilles and Tea Leoni are among the high-profile people who have ditched Twitter following Elon Musk's acquisition of the company.
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.
Comedian Kathy Griffin had her account suspended Sunday after she switched her screen name to Musk. She told a Bloomberg reporter that she had also used his profile photo.
It was not immediately clear when the subscription service would go live.
Under Elon Musk's ownership, thousands of Twitter employees, including top executives, have been fired.
Analysts say the billionaire will move to slash costs after overpaying in his $44 billion purchase of the social media company.
The number of hate speech-filled tweets increased by 4.7 times an hour immediately following Elon Musk's takeover of Twitter, researchers found.
Elon Musk on Sunday tweeted a link to an unfounded rumor about the attack on House Speaker Nancy Pelosi's husband, just days after Musk's purchase of Twitter fueled concerns that the social media platform would no longer seek to limit misinformation and hate speech.
A tweet from Musk's verified account posted Saturday said, "The hell with it ... even though Starlink is still losing money & other companies are getting billions of taxpayer $, we'll just keep funding Ukraine govt for free."
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.
Tesla CEO had faced long odds of convincing a court to let him walk away from his $44 billion acquisition.
Elon Musk said Saturday his planned $44 billion takeover of Twitter should move forward if the company can confirm some details about how it measures whether user accounts are 'spam bots' or real people.
Accidents point to a potential new hazard on U.S. freeways: Partially automated vehicles may not stop for motorcycles.
Musk claimed in a letter to Twitter's top lawyer that he is ending the deal because Twitter is "in material breach of multiple provisions" of the original agreement.
Elon Musk, the Tesla and SpaceX CEO and world's richest man, welcomed twins last year with an executive at one of his other companies, Neuralink, reports say.
Tesla faces billions of dollars in losses from its new plants, supply chain problems and COVID-19 lockdowns — enough for CEO Elon Musk to mention the possibility of bankruptcy in a recent interview.
One of Elon Musk's children has petitioned a California court to recognize her new name and gender, saying she no longer wishes to be related to her famous and wealthy father "in any way, shape or form."
The rider of the electric unicycle was taken to the hospital with moderate injuries.
Waymo said a pregnant passenger headed to a San Francisco hospital ended up giving birth inside the self-driving vehicle. A remote employee also called 911 after being alerted to "unusual activity."
Officers were called around 2:20 p.m. Sunday for a report of an "angry man" wielding a knife at an apartment complex.
First responders are at the scene of a possible explosion at an apartment complex in Sacramento on Tuesday.
More than a week after the Stockton mass shooting that left four people dead, the investigators and city leaders gave an update about the investigation.
More than a week after the Stockton mass shooting that left four people dead, the investigators and city leaders gave an update about the investigation.
The rider of the electric unicycle was taken to the hospital with moderate injuries.
Officers were called around 2:20 p.m. Sunday for a report of an "angry man" wielding a knife at an apartment complex.
First responders are at the scene of a possible explosion at an apartment complex in Sacramento on Tuesday.
Waymo said a pregnant passenger headed to a San Francisco hospital ended up giving birth inside the self-driving vehicle. A remote employee also called 911 after being alerted to "unusual activity."
The rider of the electric unicycle was taken to the hospital with moderate injuries.
Sacramento police said the suspect was arrested by the California Highway Patrol in connection with a pursuit and firearm charges.
A man convicted of sexually assaulting a passenger on a Sacramento Regional Transit light rail train was sentenced to 35 years to life in prison, authorities said Monday.
Medical staff at the California International Marathon used a defibrillator to help a runner regain a pulse after she suffered a sudden cardiac arrest halfway through the race on Sunday.
Sacramento police are investigating a shooting that happened early Sunday morning near 8th and K streets.
California's public health department said one person has died and several others have suffered severe liver damage due to eating toxic mushrooms that were foraged.
FIFA announced the match-ups and times for the six World Cup 2026 games that will be played at Levi's Stadium.
The Trump administration will start sending more water to California farmers in the state's crop-rich Central Valley.
A California animal rights activist who took four chickens from a Perdue Farms poultry plant in Sonoma County was sentenced on Wednesday to 90 days in jail following her conviction in October.
California's essential health care facilities are wasting money on expensive contract labor amid chronic staffing shortages, even as agencies involved report hundreds of millions of dollars in savings from unfilled positions, a new report shows.
Jeff Kent was elected to baseball's Hall of Fame on Sunday by the contemporary era committee, while steroids-tainted stars Barry Bonds and Roger Clemens were among seven players who fell short once again.
Caden Pinnick threw two of his five touchdown passes to Zach Jones, Jordan Fisher had 140 yards rushing, which included a 50-yard touchdown run, and UC Davis beat Rhode Island 47-20 in the second round of the FCS playoffs.
FIFA announced the match-ups and times for the six World Cup 2026 games that will be played at Levi's Stadium.
The 2026 Men's World Cup will be held across the United States, Canada and Mexico next summer.
The Athletics are on track to open their new Las Vegas stadium on time, officials said Thursday.
A Sacramento farmer is sounding the alarm over just how bad his year has been.
President Trump said Georgia Republican Rep. Marjorie Taylor Greene is "not AMERICA FIRST or MAGA" and also attacked "60 Minutes" and Paramount in a social media post.
The new financial aid package is expected to shore up the U.S. agricultural sector, which has been hurt by tariffs and a trade war with China.
The Supreme Court heard arguments over the president's authority to remove members of many independent agencies that Congress has sought to insulate from political pressure.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
California's public health department said one person has died and several others have suffered severe liver damage due to eating toxic mushrooms that were foraged.
The plan is to embed street medicine training directly into residency programs across multiple hospitals.
Consumers with the imported pans should throw them away due to the severe health risks posed by lead, the agency warns.
Ray Cathey is on a journey from silence to new sounds. Cathey's hearing took a pounding when he was an air rescue paramedic during the Vietnam War.
ByHeart said it can't rule out that all of its baby formula across all product lots could be contaminated, citing recent test results.
Finding the perfect dress isn't easy, but now, selling them could become a lot more challenging.
This weekend, Placer County is hosting its annual Sip Into Spring event, offering free or discounted tastings at more than 20 wineries along what's known as the Placer Wine Trail.
From fruits and veggies to car parts, economists project that businesses will pass along the cost of the tariffs to customers.
An economic blackout was underway Friday as activists nationwide encouraged people not to spend their money at large corporations, retailers and fast-food chains for 24 hours.
San Joaquin County's retail theft reporting app has only been around for six months and is already bringing a sense of calmness to local business owners.
President Trump and Gov. Gavin Newsom have made several different claims about California gas prices. Here's what we found.
This year-long investigation provides an unprecedented look at California's one-party supermajority legislature through the eyes of grieving parents who discover how California lawmakers kill popular bills by not voting.
This year-long investigation by CBS News California investigative correspondent Julie Watts examines the many components of California's new tougher-on-crime law.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The California Highway Patrol captain accused of workers' compensation fraud was the commander in charge of the fatal Mahaney Park shootout in Roseville, three officers who worked under him at the time of the shootout said.
CBS13 and the Call Kurtis consumer investigative team devised an idea on how to lower what consumers owe on their credit cards -- and it begins with a simple phone call.
No one wants to think about death. However, it's important to plan on what happens to your digital assets after you die.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
More than two dozen structures were destroyed in a wildfire in the eastern Sierra Nevada mountains on Wednesday afternoon, officials said.
Clean-up has started in Chinese Camp after the TCU September Lightning Complex Fire ripped through the Gold Rush town earlier this month.
The fires burning in Calaveras and Tuolumne County caused air quality officials to issue a smoke advisory, warning people that the air quality may be unhealthy for sensitive groups.
The TCU Lightning Complex fires have burned nearly 14,000 acres in Central California, but in a Saturday update, Cal Fire said containment was at 42%.
A vegetation fire near El Dorado Hills broke out on Labor Day, quickly growing in size and prompting evacuations, officials said.
A Sacramento County dog picked up thousands of miles from home after he went missing five years ago was reunited with his family on Wednesday.
What started as a suspicious circumstances call for Rancho Cordova police ended with a newborn surprise.
A once-empty lot behind Church of the Cross in north Modesto now hosts a thriving community garden with more than 140 plots and growers from across the globe.
A Sacramento-area middle school history and English teacher is in the running to win big as America's Favorite Teacher, a title her students think she is more than worthy of being awarded.
Junior Romello Bruhn of Woodland Christian High School is closer than ever to scoring 3,000 career points, something only 13 high school athletes have accomplished in California state history.
A rural community in Calaveras County is frustrated with Caltrans over a concrete median it installed on Highway 4.
Immigration advocates say members of the Afghan community in Sacramento have been detained by the Department of Homeland Security.
The San Joaquin County Sheriff said the investigation into who was responsible for a deadly mass shooting in Stockton could take months.
Kayla Moeller reports on a Placer County man who rescues cats free of charge during his time off.
First responders are at the scene of a possible explosion at an apartment complex in Sacramento on Tuesday.