Elon Musk’s social media company, X, has reached a tentative settlement with thousands of former employees who accused the firm of withholding severance benefits following mass layoffs. In a joint filing submitted on Wednesday, lawyers for both sides asked the US Court of Appeals in San Francisco to delay a scheduled hearing while they finalize…
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….
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…
Elon Musk’s social media platform X has filed a lawsuit against the Global Alliance for Responsible Media (GARM), accusing the influential ad industry group of orchestrating a “boycott” of advertising on the platform. The lawsuit, filed in a federal court in Texas on Tuesday, alleges that GARM and its members conspired to withhold billions of…
In a recent legal move, former CNN anchor Don Lemon has filed a lawsuit against Elon Musk and X, accusing them of cancelling a planned talk show partnership. The lawsuit, filed Thursday in San Francisco, claims that Musk and X misled Lemon into investing substantial amounts of money for the show, only to back out…
In a clash between tech mogul Elon Musk and the Australian government, tensions have escalated over the dissemination of violent images on the social networking platform X. The controversy erupted after X refused to remove a video depicting a 16-year-old allegedly stabbing a bishop in a Sydney Orthodox Christian Church, despite orders from Australian authorities…
Tesla, known for its unconventional approach to advertising, has disclosed spending $200,000 on advertising through social media platform X, according to recent filings with the Securities and Exchange Commission (SEC). The electric car manufacturer, helmed by CEO Elon Musk, has historically eschewed traditional advertising methods, preferring to allocate resources towards product development and innovation. However,…
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…
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…
