‘Mission: Impossible’ debuts with $80M over five days, igniting box office but missing expectations
After a globe-trotting publicity blitz by star Tom Cruise, “Mission: Impossible – Dead Reckoning Part One” launched with a franchise-best $80 million over five days, though it came in shy of industry expectations with a $56.2 million haul over the three-day weekend
2023-07-17 00:51
Putin says Russia has ‘sufficient stockpile’ of cluster bombs as Ukraine gets its own supply from US
Russian President Vladimir Putin said in an interview published Sunday that Russia has a “sufficient stockpile” of cluster munitions, warning that Russia “reserves the right to take reciprocal action” if Ukraine uses the controversial weapons
2023-07-17 00:29
Washington legal pot farms get back to work after pesticide concerns halted operations
Some legal cannabis growers in Washington state who were ordered to halt operations in April over concerns about pesticide contamination are getting back to business
2023-07-16 23:29
2024 GOP candidates desperate to make debate stage are finding creative ways to boost donor numbers
With six weeks until the first 2024 Republican presidential debate, some hopefuls are finding creative ways to boost their donor numbers and ensure they make it on stage
2023-07-16 19:59
Britain officially joins an Asia-Pacific trade group that includes Japan and 10 other nations
Britain has officially joined an Asia-Pacific trade group that includes Japan and 10 other nations during a meeting in New Zealand
2023-07-16 19:46
Elon Musk just revealed that Twitter is losing money fast thanks to advertising drop
On Saturday (July 15), Elon Musk revealed that Twitter is struggling with a “heavy debt load” due to advertising revenue dropping 50 per cent. Responding to a user seemingly giving financial business advice to Musk, the billionaire replied explaining that the company is “still in negative cash flow, due to ~50 per cent drop in advertising revenue plus heavy debt load. Need to reach positive cash flow before we have the luxury of anything else.” Back in April, Musk had said Twitter was “roughly breaking even,” as most of its advertisers had returned. However, a New York Times report in early June found that Twitter’s revenue from US advertising was down 59 per cent from the previous year. Since taking over Twitter in October last year, Musk has faced constant scrutiny for his business decisions, cutting roughly 75 per cent of its workforce almost immediately, as well as reinstating users who were previously banned for breaking terms of service. Sign up to our free Indy100 weekly newsletter In May, Musk hired a new CEO, Linda Yaccarino, an ex-NBCUniversal advertising executive. The new hire was supposed to signal a fresh start for the platform under Musk’s ownership, but it clearly hasn’t worked in bringing previous advertisers back. Twitter has also caused new upset by imposing ‘rate limits’ on how many tweets users can view a day. At the time, Musk had said the restrictions were required to “address extreme levels of data scraping & system manipulation”. Another challenge that faces Twitter is Meta’s Threads, the new app it launched this week to compete with Twitter. Meta saw over 100 million users sign up in the first two weeks, but is yet to allow advertisers to host on the platform, despite interest. In response, Twitter threatened legal action, with Twitter’s attorney, Alex Spiro, accusing Meta for unlawfully using trade secrets and other intellectual property to create a “copycat” app. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-07-16 18:54
Diversify or die: San Francisco’s downtown is a wake-up call for other cities
After a three-year exile driven by the pandemic, San Francisco’s downtown has waited for the crowds, the commuters and electric ambience to return
2023-07-16 16:29
Powerball prize grows to $900 million after no jackpot winner drawn
Another Powerball drawing ends with no winner, sending the jackpot soaring to an estimated $900 million
2023-07-16 14:53
Farm fields don't just feed us. They store carbon. But a big question is how much
Soil and its potential for storing carbon is gaining attention from farmers, researchers and even Congress
2023-07-16 13:23
Washington legal marijuana farms get back to work after pesticide concerns prompted restrictions
Some legal cannabis growers in Washington state who were ordered to halt operations in April over concerns about pesticide contamination are getting back to business
2023-07-16 12:17
United Airlines agrees to give union pilots big pay raises
United Airlines and its pilots' union say they have a deal on a new labor contract
2023-07-16 08:24
Yellen is visiting India yet again to promote closer ties and tackle global economic problems
On the heels of a trip to Beijing, U.S. Treasury Secretary Janet Yellen is back in Asia for a series of Group of 20 finance minister meetings in India
2023-07-16 06:27