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As Twitter prepares to complete its initial public offering of stock this week, the San Francisco company's history of losses totaling nearly $500 million is raising questions about its ability to turn a cultural phenomenon into a sustainable business.
Twitter says it will sell more than 70M shares between $17 and $20 per share in its IPO .
Twitter, a privately held company built on blurbs, has finally laid itself bare in documents that read more like a treatise than a tweet.
The personal fortune of Twitter co-founder Evan Williams probably will take up 10 characters once the online communications company goes public.
A bankrupt electronics retailer appears to have gotten caught up in the investor fervor for Twitter.
A mysterious glitch halted trading on the Nasdaq for three hours Thursday in the latest major electronic breakdown on Wall Street, embarrassing the stock exchange that hosts the biggest names in technology, including Apple and Google.
Tesla will be joining the Nasdaq-100 Index on Monday as software maker Oracle Corp. heads to the New York Stock Exchange.
Several Bay Area stocks were among those losing ground Thursday. Apple Inc. was down more than $6 on the day, while Google stock was off more than $10 and Chevron slid some 2.5 percent.
Technology companies led the Standard & Poor's 500 index to an all-time closing high Monday. Apple surged 3 percent, or $12.92, to $430.12.
Los Gatos-based Netflix, which streams TV shows and movies over the Internet, was among the winners after announcing profits that impressed investors. Netflix soared $42.62, or 24 percent, to $216.99 after reporting a big gain in subscribers in the first quarter.
Oracle Corp. on Wednesday reported flat earnings for its fiscal third quarter, hurt by a continued drop in sales of hardware systems and a surprise decline in sales of new software - which the company attributed to a lackluster performance by its expanding sales force rather than lack of demand.
Intel Corp., the world's largest chipmaker, on Thursday said its fourth-quarter net income fell 27 percent from the previous year, as PC sales continued to weaken.
In an SEC filing late Tuesday, Facebook said that founder and CEO Mark Zuckerberg "has no intention to conduct any sale transactions... for at least 12 months."
Apple's $1 billion court win against Samsung is translating into a much bigger jump in its market value. Apple shares were up $11.98, or 1.8 percent, at $675.26 in morning trading Monday.
Facebook's stock fell to $19 for the first time on Friday, meaning it has lost half its market value since the company's initial public offering in May.
Online game maker Zynga is falling sharply in after-hours trading after the San Francisco company reported an unexpected loss in the second quarter.
More consumers are buying the least expensive iPhones and iPads, a new phenomenon that is causing Apple's breakneck growth rate to slow.
Netflix says its second-quarter earnings plunged 91 percent amid a slowdown in subscriber growth.
Relentlessly gloomy reports about the health of the world economy rocked Wall Street on Thursday, with San Ramon-based Chevron among the Dow's leading decliners.
It's been a month since Facebook's IPO fell flat and in that time, the market for initial public offerings has collapsed.
The stock increased $1.40, or 4.7 percent, to close Monday at $31.41. That's still down 17 percent from Facebook's IPO price of $38. Facebook began trading on May 18.
The Nasdaq stock exchange tried to make amends with investors ensnared by technical problems on the day Facebook went public.
The stock fell $1.03, or 3.8 percent, to close Tuesday at $25.87. It's 32 percent below its initial public offering price of $38. It's the stock's lowest closing price to date. Earlier Tuesday, it went as low as $25.75.
Shares of Facebook Inc. slid 82 cents to close at $26.90, after briefly trading as low as $26.44. The previous low for the closing price was $27.72, on Friday.
Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.
A deadly crash has impacted traffic along Interstate 80 through Fairfield Thursday morning.
Satirical publication The Onion, with the support of Sandy Hook families, purchased the bankrupt site of conspiracy theorist Alex Jones.
Lindsey Vonn says she is coming out of retirement to rejoin the U.S. Ski Team in an attempt to race again at age 40.
There was a heated Board of Supervisors meeting in San Mateo County as the board unanimously voted to ask Sheriff Christina Corpus to step down.
With Thanksgiving and Christmas approaching, families are looking to San Francisco Union Square for some holiday cheer.
A deadly crash has impacted traffic along Interstate 80 through Fairfield Thursday morning.
Satirical publication The Onion, with the support of Sandy Hook families, purchased the bankrupt site of conspiracy theorist Alex Jones.
Lindsey Vonn says she is coming out of retirement to rejoin the U.S. Ski Team in an attempt to race again at age 40.
There was a heated Board of Supervisors meeting in San Mateo County as the board unanimously voted to ask Sheriff Christina Corpus to step down.
With Thanksgiving and Christmas approaching, families are looking to San Francisco Union Square for some holiday cheer.
There was a heated Board of Supervisors meeting in San Mateo County as the board unanimously voted to ask Sheriff Christina Corpus to step down.
With Thanksgiving and Christmas approaching, families are looking to San Francisco Union Square for some holiday cheer.
The Contemporary Jewish Museum in San Francisco announced Wednesday that they will close their galleries for at least one year, citing financial difficulties.
Nima Momeni, the man accused in the fatal stabbing of tech executive Bob Lee, testified that Lee attacked him after getting angry about "a bad joke" at his murder trial Wednesday.
A person was killed on Market Street outside the Embarcadero BART station in San Francisco Wednesday morning and the search for the suspect caused significant delays on the BART system.
More changes could be coming to the Oakland Unified School District as they continue to try and find ways to balance their budget.
Police in Antioch have arrested a man suspected of carjacking and kidnapping after he led officers on a pursuit Wednesday morning.
A person was found shot dead on a sidewalk in front of a home in Oakland Wednesday afternoon, police said.
Nine Alameda County sheriff's deputies and a pair of civilian Santa Rita Jail employees are facing charges related to the 2021 death of inmate Maurice Monk.
Police in Oakley are investigating an incident Wednesday morning where a child accidentally brought his father's backpack containing a firearm to Gehringer Elementary School, authorities said.
Declining enrollment is affecting almost all schools, but for a San Jose school district, it could lead to nearly half its campuses closing or consolidating.
Guests at Athena in Santa Clara are getting an authentic taste of the Mediterranean
The California Highway Patrol is investigating a hit-and-run collision that killed a man walking his dog in unincorporated Live Oak in Santa Cruz County early Wednesday morning.
A man was found dead Tuesday night near Interstate Highway 280 in San Jose, according to the California Highway Patrol.
Water managers in the South Bay entered into a deal that will add a huge amount to their storage by expanding the San Luis Reservoir in Merced County.
Falling in line with new state requirements that go into effect in 2026, the Napa County Board of Supervisors passed an ordinance Tuesday to ban single-use plastic bags and foodware.
Police in Fairfield have announced the results of a monthslong crackdown on cannabis grow houses in the community, saying more than 8,000 plants have been seized.
Authorities in Sonoma County on Monday confirmed the arrest of a suspect in a deadly shooting near a bar located on Lakeville Highway in Petaluma over the weekend.
Gov. Gavin Newsom announced on Veterans Day that he has begun the process of granting a posthumous pardon for the only Petaluma native awarded the Medal of Honor during the Vietnam War.
Authorities in the North Bay town of Windsor are investigating after reports of a man walking through a neighborhood firing rounds from a semi-automatic rifle early Saturday.
Lindsey Vonn says she is coming out of retirement to rejoin the U.S. Ski Team in an attempt to race again at age 40.
Stephen Curry drove past Luka Doncic for a go-ahead layup with 1:50 left before Donic missed a 13-footer in the key and Curry connected for a 3-pointer moments later, scoring 37 points as the Golden State Warriors beat the Dallas Mavericks 120-117.
Klay Thompson exited the team bus then beamed as he strolled back into Chase Center, greeted by some 400 cheering Warriors employees showing their love and appreciation for the former Golden State star and lined up lined up along his path to the Dallas locker room.
San Francisco 49ers coach Kyle Shanahan called a sideline spat involving star receiver Deebo Samuel and two teammates an "overreaction" and said the team has put it to rest.
John Robinson, known for leading the USC football team to a national title in 1978, has died at 89 years old.
Police in Antioch have arrested a man suspected of carjacking and kidnapping after he led officers on a pursuit Wednesday morning.
A person was found shot dead on a sidewalk in front of a home in Oakland Wednesday afternoon, police said.
Nine Alameda County sheriff's deputies and a pair of civilian Santa Rita Jail employees are facing charges related to the 2021 death of inmate Maurice Monk.
Police in Oakley are investigating an incident Wednesday morning where a child accidentally brought his father's backpack containing a firearm to Gehringer Elementary School, authorities said.
Nima Momeni, the man accused in the fatal stabbing of tech executive Bob Lee, testified that Lee attacked him after getting angry about "a bad joke" at his murder trial Wednesday.
The new Stanford Robotics Center, which will be developing machines for future use in medicine, the arts, ocean and space exploration and your own home, recently opened its doors for the first time.
The app crashed the same day Starbucks introduced its holiday menu, preventing customers from placing mobile orders.
"Social media is doing harm to our kids and I'm calling time on it," says Australian Prime Minister Anthony Albanse.
A who's who of SF politics gathered to celebrate a $55 million grant awarded by the EPA to the city to help complete a high-speed zero-emission ferry network.
Apple snapped out of a recent iPhone sales slump during its summertime quarter.
The 65-year-old actor and stand-up comedian, best known for portraying Joey Gladstone on "Full House," said he first noticed symptoms in October.
The power of music is comforting patients undergoing palliative care, helping them and their loved ones through an extremely emotional and difficult time.
Robert F. Kennedy Jr. has vowed to combat "the chronic disease epidemic in this country" in the Trump administration, with the slogan "Make America Healthy Aagain."
The packaging label omitted a key ingredient, prompting a Food and Drug Administration recall.
The FDA says oral phenylephrine, used in many over-the-counter cough and cold medicines, "is not effective as a nasal decongestant."
There was a heated Board of Supervisors meeting in San Mateo County as the board unanimously voted to ask Sheriff Christina Corpus to step down.
More changes could be coming to the Oakland Unified School District as they continue to try and find ways to balance their budget.
House Speaker Mike Johnson said Matt Gaetz, whose selection as attorney general prompted backlash, resigned from Congress.
Tulsi Gabbard represented Hawaii as a Democrat in the U.S. House from 2013 to 2021.
President Biden and President-elect Donald Trump both promised a "smooth" transition.
Festivities began Friday for Dia de los Muertos -- or Day of the Dead, with those who celebrate preparing altars to honor family members who have passed.
A jury in Santa Clara County on Wednesday convicted a Milpitas man of murder for killing his transgender partner in 2021, prosecutors said.
On Tuesday, the battle for LGBT rights took a new turn when the Pentagon announced that it was proactively changing the discharge status to "honorable" for hundreds of service members expelled for being gay during the "don't ask, don't tell" era.
John Ramos reports on the Pentagon announcing it will change the discharge status to "honorable" for hundreds expelled during "don't ask, don't tell" era.
An honorable discharge status unlocks access to critical benefits that some veterans may have been missing out on for decades.
The 65-year-old actor and stand-up comedian, best known for portraying Joey Gladstone on "Full House," said he first noticed symptoms in October.
Beloved NYC power-pop band the dB's bring their first tour in 12 years to San Francisco Thursday, with the quartet's original line-up playing songs from its first two albums at the Chapel.
Marking its 32st year in 2025, the annual Noise Pop Festival on Tuesday announced its first round of artists performing when it kicks off February 20, including American Football, Soccer Mommy and more.
Twisted Black Sabbath parody/tribute outfit Mac Sabbath brings its current tour to Santa Cruz and San Francisco starting Thursday night with support from punk/metal veterans the Supersuckers.
Mattel apologizes for inadvertently directing people to pornography site instead of one promoting upcoming film.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Andrea Nakano reports on a Board of Supervisors meeting where a no-confidence vote was passed against San Mateo County Sheriff Corpus. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Zoe Mintz reports on what "King Tides" are as the phenomenon is set to happen over the weekend. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Kelsi Thorud reports on San Francisco Union Square and how business owners are hoping the holidays bring a spark back to the area. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Loureen Ayyoub visits Athena in Santa Clara. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
CBS News Bay Area evening edition headlines for Nov. 13, 2024. Watch full newscasts streamed at the CBS SF website or on the app.
This week's Jefferson Award winner is a Berkeley woman who has promoted child literacy for four decades, as host of a community TV show encouraging young poets.
With hate crimes on the rise in the U.S., a pair of Oakland women have been equipping people with self-defense tools for free.
If a picture is worth a thousand words, what are two million photos worth? A history of Asian Americans in the Bay Area, for this week's Jefferson Award winner.
While stroke rehabilitation is often a difficult road, a South Bay couple is providing local patients some valuable support.
For nearly 50 years, a Vietnam veteran from San Francisco has served as a national champion for military veterans.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.