Elon Musk says Twitter's ad revenue is down 50% and cash flow is negative
Elon Musk disclosed on Twitter Saturday that, due to a 50% drop in advertising revenue and a "heavy debt load," the platform still has a negative cash flow.
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Elon Musk disclosed on Twitter Saturday that, due to a 50% drop in advertising revenue and a "heavy debt load," the platform still has a negative cash flow.
The social-media service, which debuted Wednesday night, is the fastest-growing app of all time, outpacing ChatGPT.
The CEO of Facebook's parent company is trying to position Threads as a direct challenger to Twitter.
Twitter alleges Meta hired former employees of the blogging platform and tapped trade secrets to develop new Threads service.
The social media company debuted the new service on July 5, a day earlier than expected. It also has a sneaky way to get a download.
In particular, transgender, non-binary and gender non-conforming users are subject to hate speech and harassment on social media, the report found.
Meta this week announced that it was mandating that all workers return to the office for three days a week starting in September.
Owner of Facebook and Instagram could bar users in the state from sharing news over bill requiring tech companies to pay news publishers.
A European Union regulator said Meta's infringement was "very serious since it concerns transfers that are systematic, repetitive and continuous."
Meta shuts down network of fake accounts that 'signal a shift' in China-based influence efforts
Meta shuts down network of fake accounts that 'signal a shift' in China-based influence efforts
The bill would also require children ages 13 to 17 to receive parental consent to create a social media account.
Application to collect part of Meta's $725 million settlement is simple, requiring only a few minutes to fill out.
Facebook parent company Meta will reportedly detail new job cuts on Wednesday
Facebook parent company Meta will reportedly detail new job cuts on Wednesday
Facebook parent Meta is slashing another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs.
Meta is taking steps to crack down on the spread of "revenge porn" images of teenagers on Facebook and Instagram.
The Supreme Court is for the first time considering the scope of Section 230, which provides legal immunity to online companies for content posted by third parties.
Earlier this month, Trump's presidential campaign asked Meta to reinstate him on the social media platform.
Facebook's corporate parent has agreed to pay $725 million to settle a lawsuit alleging the world's largest social media platform allowed millions of its users' personal information to be fed to Cambridge Analytica, a firm that supported Donald Trump's victorious presidential campaign in 2016.
More than 150 lawsuits against social media giants TikTok, Meta and others will proceed next year. Sharyn Alfonsi spoke with some of the families suing social media.
Memos show Facebook, now Meta, employees raising concern about company research that showed Instagram made girls feel worse about their bodies.
Facebook owner Meta threatened to remove news content from its platforms on Monday following reports that US lawmakers have added controversial legislation favoring news media to the annual defense authorization bill.
"I got this wrong," admits CEO Mark Zuckerberg as his company grapples with faltering revenue and broader tech industry woes.
"I got this wrong," admits CEO Mark Zuckerberg as his company grapples with faltering revenue and broader tech industry woes.
The California Highway Patrol said alcohol may have been a factor in a deadly crash that injured several people on Saturday night.
One person was killed and three others, including an infant, were injured in separate shootings in Stockton on Friday night, officials said on Saturday.
Authorities are investigating a double homicide after two men were found fatally shot Friday afternoon in Colusa County.
The invasive golden mussel has now been confirmed in the Port of West Sacramento, marking the species' northernmost detection in California since it was first discovered in Stockton in 2024, wildlife officials announced Saturday.
A search is underway for a driver involved in a fatal hit-and-run crash that killed a bicyclist and two dogs in San Joaquin County early Saturday, officials said.
The invasive golden mussel has now been confirmed in the Port of West Sacramento, marking the species' northernmost detection in California since it was first discovered in Stockton in 2024, wildlife officials announced Saturday.
The Humboldt County Sheriff's Office said they found 600 dog collars in an area where they suspect dozens of dogs were killed.
Some residents pushed back over the event's original location at Dorada Park and a planned drag performance.
The California Highway Patrol said alcohol may have been a factor in a deadly crash that injured several people on Saturday night.
Let the games begin. The debut of the X Games in Sacramento is on Friday at Cal Expo.
Let the games begin. The debut of the X Games in Sacramento is on Friday at Cal Expo.
The Sacramento Fire Department said on Thursday that it confirmed a post to its X account claiming a terror attack had occurred at Levi's Stadium in Santa Clara was the result of a hack.
One of Sacramento's first skyscrapers celebrated a big birthday on Wednesday. Hundreds of people gathered for the 100th anniversary of the Elks Tower in downtown.
Parents are getting a chance to check out a new way to control their kids' driving without even being in the car.
Exterminators say the Turkestan cockroach has become one of the most common roaches in the Sacramento region — and it is increasingly showing up inside homes.
The Humboldt County Sheriff's Office said they found 600 dog collars in an area where they suspect dozens of dogs were killed.
It is a battle over what "American" means on a wine bottle.
Californians will vote in November on a controversial proposal to impose a one-time tax on billionaires to help fund federal funding cuts to healthcare for low-income people.
The family of former NFL player Doug Martin filed a federal civil rights lawsuit against the City of Oakland, several Oakland police officers, and a paramedic company after his death last year while in police custody.
Initial findings showed no evidence of rising statewide unemployment claims from workers in occupations considered highly exposed to AI.
Shea Langeliers capped a seven-run rally in the fifth with the Athletics' sixth straight single, backing J.T. Ginn in a 9-3 victory over the Angels on Friday night after Los Angeles fired general manager Perry Minasian.
Let the games begin. The debut of the X Games in Sacramento is on Friday at Cal Expo.
Jonah Heim's RBI single tied the game, Lawrence Butler followed with a go-ahead RBI hit and the Athletics scored four times with two out in the ninth inning Thursday, rallying for a 9-6 win over the San Francisco Giants.
The U.S. men's team had already clinched its spot in the Round of 32, the knockout round, with its 2-0 win over Australia on Friday.
The family of former NFL player Doug Martin filed a federal civil rights lawsuit against the City of Oakland, several Oakland police officers, and a paramedic company after his death last year while in police custody.
Michigan State Police said law enforcement and Child Protective Services confirmed a report against Pete Buttigieg was unsubstantiated and false.
The U.S. military says it hit Iranian targets over Iran's drone attack on a commercial vessel in the Strait of Hormuz, marking the first American strikes on Iran since the two countries formally agreed to extend a ceasefire last week.
As California Gov. Gavin Newsom eyes a 2028 presidential bid, he's calling for a national tax on billionaires and a public stake in AI, though he opposes a state ballot measure to tax billionaires.
An investor who employed and was close to Jeffrey Epstein appeared before members of Congress Friday investigating the deceased sexual abuser.
Californians will vote in November on a controversial proposal to impose a one-time tax on billionaires to help fund federal funding cuts to healthcare for low-income people.
Confirmed Ebola cases in the outbreak in eastern Congo have reached 1,003, including 254 deaths, officials said, and tracing those who've been in contact with patients remains a major challenge.
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
The cruise ship hit by a deadly hantavirus outbreak has docked at the Dutch port of Rotterdam for disinfection, wrapping up a troubled journey that put world health authorities on alert.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
During the program's first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom's office said.
Fresh off their undefeated season and conference championship win, the women on the team are speaking out for the first time.
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.
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.
Crews are battling a vegetation fire that was threatening structures near Camanche Reservoir in California's San Joaquin Valley, officials said Wednesday evening.
Six months after a California wildfire destroyed dozens of homes in the Tuolumne County community of Chinese Camp, officials say debris removal is now complete and properties are being returned to their owners.
A man has been arrested and charged in connection with the Tiger Fire that burned 118 acres in California's Amador County last summer and forced evacuations near Pioneer.
A major home developer is rethinking how communities are built in wildfire-prone areas and the future is taking shape in El Dorado County.
San Joaquin County secured a grant aimed at helping to build a wildfire protection plan for the entire county.
Their message is simple: keep showing up, keep moving and keep your heart open, because sometimes, the person who changes your life is living right across the street.
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.
An infant was among the victims.
Madisen Keavy reports.
Here is your extended 7-day forecast!
It is the most northern detection of the species since they were first discovered in Stockton.
Conor McGill reports.