List of All Articles with Tag 'son'

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

Federal Reserve policymakers are primed to resume raising interest rates this month and remain open to a further

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

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.

President Vladimir Putin said Russia would use cluster bombs if they’re used against his troops, while denying -

Turkey boosted its fuel taxes by almost 200% on Sunday, a move that will magnify inflationary pressures and

The leader of the UK’s political opposition promised his party would avoid large government spending increases to ensure

US Treasury Secretary Janet Yellen said she’s eager to build on recent improvements in US-China relations as finance

FTC chairman Lina Khan is on a mission to embolden US competition enforcers, but a series of court defeats has sowed doubt that she will put an end to decades...

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

Spain's economy is growing steadily and inflation has been tamed -- but Prime Minister Pedro Sanchez is facing an uphill battle to be re-elected in...

Twitter owner Elon Musk said Saturday that the social media platform he bought for $44 billion last October has lost roughly...