Twitter has a chance of turning cash-flow positive in the second quarter, despite “a massive decline in advertising,” and after a severe cost cutting, Twitter CEO Elon Musk told attendees at a Morgan Stanley conference for investors in San Francisco Tuesday. Musk, who appeared in person, said that Twitter’s revenue was slated to drop to less than $3 billion this year, which would be around a...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
The TikTok Investors With the Most to Lose From a U.S. Ban
For venture investors that have collectively invested more than $8 billion in TikTok’s parent company, ByteDance, the fate of the video app in the U.S., where officials are seeking changes to its ownership, could mean the difference between a huge portfolio win and a soul-crushing loss. Early backers of ByteDance such as Susquehanna International Group and Sequoia Capital’s China...
FTX Sues Liquidators of Bahamas Unit
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive markets startups
How JPMorgan Maneuvered During the Fall of Silicon Valley Bank
First Look startups ai
Boom Times in San Francisco’s AI Underground
The Big Read
The Instant Oral History of the Silicon Valley Bank Collapse
On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble began last Wednesday, the panic spread via group texts and Twitter threads on Thursday, the bank went under on Friday, the government got its act together on Saturday, and on Sunday every current and former customer of SVB could breathe a cautious sigh of relief.