Tag Archives: Twitter

The Washington Post reports: His and his partners’ overall stake has shed $24 billion in value — a vaporization of wealth that has little parallel outside the realm of economic or industry-specific crashes, or devastating corporate scandals. Among those shouldering the burden: Saudi and Qatari business leaders and royalty; Silicon Valley venture capital and tech investors; and Twitter co-founder and …

The Guardian reports: Millions of Brazilian X users found themselves unable to access the network on Saturday morning as internet providers and mobile phone companies began to enforce the ban. When the Guardian tried to access the network on its computer and mobile phone, it received a message reading: “Seems like you lost connectivity. We’ll keep retrying.” Large numbers of …

The New York Times reports: Brazil blocked the social network X on Friday after its owner, Elon Musk, refused to comply with a Brazilian judge’s orders to suspend certain accounts, the biggest test yet of the billionaire’s efforts to transform the site into a digital town square where just about anything goes. Alexandre de Moraes, a Brazilian Supreme Court justice, …

CNBC reports: Elon Musk ramped up his online attacks on Brazilian Supreme Court justice Alexandre de Moraes on Thursdayl. X Global Government Affairs issued a statement on Thursday evening ahead of an anticipated suspension of its platform in Brazil. Among other things, the company said X plans to publish all of de Moraes’ demands, which it believes to be illegal, …

Mediaite reports: Social media platform X slapped a “warning” on links to NPR’s follow-up reporting on the Trump campaign’s altercation in Arlington National Cemetery, stalling users who click on the story and suggesting the link is “unsafe” or “spam.” The warning appeared on links posted soon after the story was published by the article’s author, NPR journalist Stephen Fowler. The …

Axios reports: A Brazil Supreme Court judge warned Elon Musk Wednesday that he would have X suspended in Latin America’s largest nation if the billionaire didn’t name a legal representative for the platform in the country within 24 hours. Justice Alexandre de Moraes’ summons alerting Musk that X has until about 8pm local time Thursday (7pm ET) to comply with …

The New York Times reports: San Francisco’s long relationship with X is nearly over — and city officials are far from heartbroken. Elon Musk is shuttering his social media company’s headquarters. New headquarters will be set up in Texas. But city officials are not lamenting the exit. X bears little resemblance to the company that San Francisco wooed with a …

Mother Jones reports: Lawyers representing Elon Musk and X, previously known as Twitter, have quietly begun sending subpoenas to a host of public interest groups, Mother Jones has learned. Most of the targeted organizations have signed open letters to X’s advertisers expressing concerns about the platform’s direction under Musk’s leadership. The groups include the Center for Countering Digital Hate, the …

CBS News reports: The World Bank has ceased all paid advertising on Elon Musk’s social media platform X, which was formerly Twitter, after a CBS News investigation found promoted advertisements from the organization showing up under a racist post from an account that prolifically posts pro-Nazi and white nationalist content. CBS News found a verified X account with more than …

The Wall Street Journal reports: The $13 billion that Elon Musk borrowed to buy Twitter has turned into the worst merger-finance deal for banks since the 2008-09 financial crisis. The seven banks involved in the deal, including Morgan Stanley and Bank of America, lent the money to the billionaire’s holding company to take the social-media platform, now named X, private …

Reuters reports: Media platform X said on Saturday it would close its operations in Brazil “effective immediately” due to what it called “censorship orders” by Brazilian judge Alexandre de Moraes. X, owned by billionaire Elon Musk, claims Moraes secretly threatened one of the company’s legal representatives in the South American country with arrest if it did not comply with legal …

CNBC reports: The billionaire Tesla and SpaceX CEO blamed a cyberattack for freezing the X platform. CNBC was not immediately able to independently verify whether or not an attack took place, but other parts of X continued working throughout the glitches. After nearly an hour of troubleshooting, the conversation finally began in earnest and went for more than two hours. …

Reuters reports: EU industry chief Thierry Breton told billionaire Elon Musk in a letter on Monday he must comply with EU law ahead of Musk’s interview with U.S. presidential candidate Donald Trump on social media platform X. The interview, scheduled for 8PM Eastern Time, will also be accessible to users in the EU, Breton wrote, adding: “In this context, I …

British business newspaper City A.M. reports: Elon Musk’s antitrust lawsuit against brands that have boycotted X and his controversial activity on the platform during the recent spate of UK riots are set to exacerbate the long-held misgivings advertisers have with the site, leading industry figures have said. Rather than scare brands into submission, bosses in the media industry told City …

Agence France-Presse reports: Social platform X said Friday it would work European regulators after agreeing to suspended its heavily criticized use of European users’ personal data to train its artificial intelligence chatbot Grok. After Elon Musk’s social platform began using personal data in public posts made by European users Ireland’s Data Protection Commission, the DPC, launched a court case arguing …

The Guardian reports: President Nicolás Maduro said he had ordered a 10-day block on access to X in Venezuela, accusing the owner, Elon Musk, of using the social network to promote hatred after the country’s disputed presidential election. Associated Press (AP) journalists in Caracas found that by Thursday night posts had stopped loading on X on two private telephone services …

Axios reports: X on Tuesday filed a federal antitrust lawsuit against an advertising industry coalition and its members—including CVS Health, Mars, Orsted and Unilever—alleging the group abused its influence over marketers and ad agencies to discriminate unfairly against X, prompting an ad boycott. GARM was created by members of the World Federation of Advertisers (WFA) in 2019 to set standards …

CNBC reports: A political action committee backed by billionaire Elon Musk is being investigated by the Michigan secretary of state’s office amid efforts to collect voter data. The committee has been acquiring detailed voter information from those living in Michigan and other battleground states after people submit their personal data through a section on the PAC’s website that says “register …

Reuters reports: Former CNN anchor Don Lemon sued Elon Musk on Thursday, saying that the billionaire entrepreneur refused to pay him after a partnership with the X social media platform got shelved. The lawsuit was filed in California Superior Court in San Francisco, a legal filing showed. X canceled its partnership with Lemon in March after he said Musk would …

NBC News reports: Rep. Jerry Nadler, D-N.Y., is pushing for the House Judiciary Committee to investigate whether Elon Musk’s X improperly prevented users from following an official presidential campaign account for Vice President Kamala Harris on Sunday. Nadler, the ranking Democrat on the committee, sent a letter to chairman Rep. Jim Jordan, R-Ohio, on Monday morning saying that “numerous users” …