When Elon Musk acquired Twitter for $44 billion in October 2022, many believed he had overpaid. The sweeping changes he implemented – mass layoffs, relaxed content moderation policies, and a complete rebranding to X – threw the company into turmoil. Advertisers fled, the platform’s value plummeted, and it seemed like an impossible investment to recover….
Elon Musk is spearheading an investor group that has made a staggering $97.4 billion offer to acquire OpenAI, the company behind ChatGPT. If successful, the deal could dramatically alter the landscape of artificial intelligence and reignite Musk’s influence over the organization he co-founded in 2015. The move, first reported by The Wall Street Journal, follows…
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk on Tuesday, accusing him of failing to properly disclose his growing ownership stake in Twitter – now rebranded as X – in a timely manner, as required by federal law. The SEC claims this delay allowed Musk to purchase shares at “artificially…
Elon Musk is once again at odds with the U.S. Securities and Exchange Commission (SEC), revealing that the agency has demanded he pay a fine related to his 2022 purchase of Twitter shares – or face multiple charges. Musk, who disclosed the situation on his social platform X, posted a letter from his attorney Alex…
The Guardian has announced it will cease posting content on X (formerly Twitter), citing the platform’s increasingly toxic nature and its owner Elon Musk’s influence on political discourse. The British newspaper group expressed concerns over the platform’s role in shaping political narratives, particularly following the US presidential election, where Musk’s backing of Donald Trump raised…
The social media platform X, formerly known as Twitter, has seen its valuation plummet by nearly 80% since billionaire Elon Musk purchased it in October 2022, according to new estimates from investment firm Fidelity. After acquiring the platform for $44 billion and taking it private, the company no longer reports publicly on its financial health….
The U.S. Securities and Exchange Commission (SEC) is seeking sanctions against Elon Musk after he failed to appear for scheduled testimony related to its investigation into his $44 billion acquisition of Twitter, now known as X. The SEC filed the request in court on Friday, citing Musk’s absence from a deposition originally set for September…
A record number of companies are planning to reduce their advertising on X, formerly known as Twitter, due to concerns over extreme content potentially harming their brand image. According to a global survey conducted by market research firm Kantar, a net 26% of marketers intend to cut ad spending on the platform in 2025, marking…
Access to the social media platform X, formerly known as Twitter, was blocked across Brazil on Saturday following a court-ordered suspension that marks the latest development in an intensifying dispute between tech billionaire Elon Musk and the country’s judiciary. The ban comes after Brazil’s Supreme Court ordered the nationwide suspension of X on Friday due…
X, the social media platform formerly known as Twitter, has shut down its office in Brazil following a contentious standoff with a Brazilian Supreme Court judge. The platform announced the closure on Saturday, citing threats of arrest made against its legal representative in Brazil by Judge Alexandre de Moraes if the company did not comply…
Nigerian singer Chike made headlines after responding to a Twitter troll in an unexpected way—by transferring ₦1 million to the user who had attempted to undermine his success. The incident occurred on the night of August 13, 2024, when a Twitter user accused Chike of gaining fame solely through his collaboration with the late singer…
In a surprising turn of events, Elon Musk’s social media platform X has reverted to offering free blue checks to prominent users, marking a notable departure from its earlier paid verification system. Users with large followings on X were taken aback this week as their blue checkmarks, previously removed under Musk’s leadership, suddenly reappeared. Musk’s…
In the early hours of July 23, 2023, Twitter, the once-iconic digital platform, made a bold transition, rebranding itself as X. However, despite the divisive change, the platform continues to grapple with its former identity, as users cling to the familiar name and terminology. Despite the official shift to X, the platform’s web domain remains…
Former employees of X, formerly known as Twitter, who were sacked from the company’s African headquarters in Ghana over a year ago, have finally received their pay-off, according to the agency representing them. The staff, many of whom had been employed for just a short period before their dismissal in November 2022, had been demanding…
A significant number of major advertisers have pulled their support from X, the social media platform led by Elon Musk, following his recent endorsement of an antisemitic conspiracy theory aligned with White supremacists. The high-profile withdrawal includes global media giants such as Disney, Paramount, NBCUniversal, Comcast, Lionsgate, and Warner Bros. Discovery, the parent company of…
Australia has imposed a hefty fine of $610,500 Australian dollars ($386,000) on Twitter, previously known as X, for its alleged shortcomings in disclosing its approach to addressing child sex abuse content. This latest penalty adds to the growing challenges facing the Elon Musk-owned social media platform. The Australian e-Safety Commission, the country’s online safety regulator,…
X, the social media platform formerly known as Twitter, has announced this week that it may now collect biometric and employment-related information from its users, marking an expansion of the data it may gather from account-holders. The disclosure was made in an update to the company’s privacy policy, introducing two new sections that pertain to…
Exciting news for Threads users as the popular app announces the launch of its highly anticipated web version on Tuesday. This move comes as a response to the most fervently requested feature by users since Threads’ initial mobile-only release last month. With this update, Threads takes a significant step towards replicating the functionalities offered by…
In a move that further solidifies the rebranding of Twitter as X, owner Elon Musk has orchestrated a colossal garage sale to cleanse the company’s headquarters of vestiges from its past. The auction includes a diverse array of items, ranging from standard desk chairs to creatively crafted artefacts, providing enthusiasts and collectors with a chance…
Some content creators on the social media platform, X, formerly known as Twitter, yesterday, woke up to receive payments for ads displayed on their feeds by the company. The payment, which started in the United States of America last month, saw Nigerian users display various sums received from the micro-blogging platform. The company announced the…
The long-anticipated face-off between tech moguls Elon Musk and Mark Zuckerberg is set to take place on X, formerly known as Twitter, according to Musk’s recent tweets. The platform’s owner shared his preparations for the fight, stating that he would be “lifting weights throughout the day” and confirmed that all proceeds from the event would…
The San Francisco Department of Building Inspection officials made an observation on Monday morning regarding the removal of the new “X” sign on top of the building previously known as Twitter’s headquarters. The department’s spokesman, Patrick Hannan, reported that the sign was being dismantled. This development comes in response to the company being served a…
Kanye West’s Twitter account, now known as Ye, has been reinstated on the social media platform, X (formerly known as Twitter). However, the musician will not be able to monetize his account, and ads will not appear next to his posts, as stated by the company to the Wall Street Journal on Saturday. The account…
TikTok, the popular video streaming platform, is venturing into uncharted territory by allowing users to post text-only content for the first time. In a direct challenge to Elon Musk’s embattled X (formerly known as Twitter), TikTok announced the new post format, aiming to expand options for creators to express their ideas and creativity. The company…
In a surprising move, tech mogul Elon Musk, owner of Twitter, has embarked on a radical rebranding campaign, introducing a striking change to the social media platform’s logo. In an early Sunday announcement, Musk declared his intention to replace Twitter’s iconic bird logo with the letter “X.” The transformation began swiftly, as Musk tweeted on…
In a surprising turn of events on Sunday, billionaire entrepreneur Elon Musk took to his official Twitter account to announce some major changes coming to the popular social media platform, Twitter. Musk declared that Twitter would be bidding farewell to its iconic bird logo, replacing it with an “X,” and furthermore, all the birds would…
Elon Musk, the billionaire owner of Twitter, has revealed via Twitter that the platform is still facing financial challenges due to a 50% drop in advertising revenue and a “heavy debt load,” resulting in negative cash flow. In response to a follower’s business advice, Musk tweeted, “Need to reach positive cash flow before we have…
Elon Musk’s persistent Twitter foe, Jack Sweeney, has migrated to Meta’s competing platform, Threads, after launching an account named “elonmusksjet” last week. Sweeney gained attention for his ElonJet Twitter account, which used a bot to track Musk’s private jet, leading to Musk offering him $5,000 to stop posting the jet’s location. In December, Musk permanently…
Twitter’s future hangs in the balance as the launch of rival app Threads from Meta threatens its already struggling business, with the new app surpassing 100 million users in less than a week, raising concerns about Twitter’s ability to retain its audience. Recent data from Cloudflare and Similarweb shows a noticeable decline in Twitter usage,…
Last year brought a series of challenges for Meta CEO Mark Zuckerberg, from the Facebook Papers revelations to skepticism surrounding the company’s rebranding as Meta. However, an unexpected turn of events involving Elon Musk and Twitter shifted the spotlight onto a new battleground, with Zuckerberg emerging as the victor. In the ever-evolving landscape of social…
In less than 48 hours, Meta’s Twitter rival Threads has gained over 70 million sign-ups, prompting concerns about the accumulation of power for Meta and CEO Mark Zuckerberg, as some users worry about a potential monopoly. The success of Threads can be attributed to the dissatisfaction with Elon Musk’s ownership of Twitter and the integration…
Twitter is considering legal action against Meta, the parent company of Facebook, following the launch of Meta’s new Twitter competitor, Threads, signaling Twitter’s view of the app as a significant rival. In a letter sent to Meta CEO Mark Zuckerberg by Twitter’s attorney, it is alleged that Meta engaged in trade secret theft by hiring…
Meta’s newly-launched Threads app attracted 30 million users 24 hours after it was launched, according to Mark Zuckerberg, the CEO of Meta, who described the app as a “friendly” competitor to Twitter, owned by Elon Musk since October; experts believe Threads could appeal to dissatisfied Twitter users due to recent changes on the platform. “Wow,…
Meta, the parent company of Facebook, has launched its latest app, Threads, in a direct challenge to Twitter’s real-time conversation space. The app, which bears many similarities to Twitter in terms of layout and features, aims to provide a platform for real-time conversations and connecting with like-minded people. Meta CEO Mark Zuckerberg expressed his vision…
The rivalry between Mark Zuckerberg and Elon Musk escalates as Zuckerberg’s Meta teases Threads, a new app challenging Twitter’s real-time conversation space, set to launch on Thursday.Threads, resembling Twitter, emphasizes conversations, building a following, and connecting with like-minded people, according to the App Store description. The App Store description of the app offers a clear…
An Australian project management firm has filed a lawsuit against Twitter in a US court seeking cumulative payments of about A$1 million ($665,000) over alleged non-payment of bills for work done in four countries, court filings showed. Sydney-based private company Facilitate Corp on June 29 filed the suit in the United States District Court for…
Twitter users in multiple countries encountered difficulties accessing the social media platform on Saturday, leading to widespread outages and delays. The hashtags “#TwitterDown” and “Rate Limit Exceeded” quickly became top trending topics in the US, with over 40,000 tweets about the issue by Saturday noon. Reports of the outages started surfacing around 8 am EST,…
According to a lawsuit filed on behalf of employees, Twitter did not fulfill its commitment to pay annual bonuses to staff following its acquisition by Elon Musk, despite assurances made by executives prior to the deal’s completion. The lawsuit, seeking class action status, was filed by former senior director of compensation Mark Schobinger and estimates…
Twitter has experienced the departure of its head of trust and safety, Ella Irwin, just weeks before the company is due to undergo a regulatory stress test conducted by European Union (EU) officials, who are closely examining its handling of user content. This development underscores the ongoing challenges faced by the company under the ownership…
A Fidelity fund has significantly reduced its valuation of Twitter, suggesting that the social media platform may be worth only a third of its value compared to when Elon Musk acquired it in October. The Blue Chip Growth Fund, managed by Fidelity, disclosed that its stake in Twitter was valued at $6.55 million at the…
Twitter introduced a new data access tier called “Pro” in an attempt to attract startups after facing backlash for implementing a paywall for developers and researchers. However, some critics argue that the new tier is “too little, too late.” The Pro tier, priced at $5,000 per month, allows subscribers to retrieve one million tweets monthly…
Twitter has accused Microsoft of misusing its access to Twitter’s data, escalating the ongoing feud between the two tech giants. In a letter sent by Elon Musk’s lawyer, Alex Spiro, to Microsoft CEO Satya Nadella, Twitter alleges that Microsoft has been excessively downloading tweets from the platform, potentially violating Twitter’s terms of service. According to…
Twitter’s owner, Elon Musk, recently announced 59-year-old American media guru of Italian descent Linda Yaccarino as the new Chief Executive Officer of the platform. The announcement instantly made Yaccarino the most trending topic on social media, as many comb the internet to dig out facts about her. Here are 10 interesting facts about the new…
Elon Musk has announced that he has found a new CEO to take over Twitter, months after he first promised to step back from the role. The new CEO will take over at X Corp., which was recently changed from Twitter Inc., in the coming weeks. However, Musk did not provide a name. Reports indicate…
Twitter has added encrypted messaging to the platform Wednesday, and calls will follow shortly, CEO Elon Musk has revealed via a tweet. “…This will grow in sophistication rapidly. The acid test is that I could not see your DMs even if there was a gun to my head,” he said. “Coming soon will be voice…
Jack Dorsey has openly criticised the leadership of Twitter’s current chief Elon Musk in a new unfiltered response. Commenting on Friday under a discussion on his new social media platform BlueSky, the Twitter co-founder said “it all went south” after the Tesla chief’s purchase of the platform. He said Musk should have “walked away” from…
Twitter CEO Elon Musk has recently announced that the social media platform will enable media publishers to charge users for individual articles with a single click, which he believes will benefit both the public and media organisations. The feature, which will be rolled out this month, will enable users who do not “sign up for…
Bluesky, a Twitter alternative supported by one of its original founders, may be the world’s hottest and most controversial app. The app was originally launched by then-Twitter chief executive and co-founder Jack Dorsey in 2019. It became separate from Twitter a couple of years later, and has stayed largely quiet over that time. In recent…
Iggy Azalea is determined to get rid of her Twitter blue tick. As reported on Celebretainment, the chart-topping rap star – who has more than seven million followers on the platform – took to Twitter after her blue tick unexpectedly returned to her profile. Iggy, 32, wrote online: “Why tf is the checkmark back and…
Since Elon Musk bought Twitter last year, he has not stopped making decisions that have generated controversy and the South African tycoon has implemented many changes that are causing a lot of annoyance to the platform’s users. As reported on Marca, one of the most talked about has been the removal of the blue verified…
