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Trump's Truth Social Now Worth More Than Musk's X

Trump Media stock has more than quadrupled since September

(Newser) - Donald Trump's Truth Social is now worth more than Elon Musk's X, thanks to a recent run-up in the shares of the parent company of the former president's social media platform. Trump Media and Technology Group is now valued at over $10 billion after its shares more...

Khamenei's New X Account in Hebrew Is Quickly Suspended

Iran's supreme leader has had multiple social media accounts for years

(Newser) - The social platform X has suspended a new account on behalf of Iran's Supreme Leader Ayatollah Ali Khamenei that posted messages in Hebrew, the AP reports. The account was suspended early Monday with a brief note appended to it saying: "X suspends accounts which violate the X Rules....

X Complies With Brazil Judge's Demands

Platform can now be reinstated after a nationwide shutdown of more than a month

(Newser) - The Brazilian Supreme Court's Justice Alexandre de Moraes on Tuesday authorized the restoration of social media platform X´s service in Brazil, over a month after its nationwide shutdown , according to a statement posted on the court's website.
  • Elon Musk's X was blocked on Aug. 30 in
...

X Has Dropped 80% of Value Since Musk Bought It: Report

Investment firm Fidelity's shares of social media site were worth nearly $20M in October '22; now, around $4.2M

(Newser) - When Elon Musk bought the former Twitter in October 2022 for $44 billion, the investment firm Fidelity held some $19.66 million worth of shares. Now, two years later, there's been a bit of a shift—and not in Musk's favor. TechCrunch reports that Fidelity's latest valuation...

X Got 67M Hate Reports, Penalized 2K Accounts
X Got 67M Hate Reports,
Penalized 2K Accounts
THE RUNDOWN
Sep 25, 2024 1:06 PM CDT

X Got 67M Hate Reports, Penalized 2K Accounts

Platform's first transparency report under owner Elon Musk released Wednesday

(Newser) - Before Elon Musk took over Twitter, the platform released a transparency report every six months. Only now, two years after Musk's October 2022 takeover, has the platform now known as X released its first such report under its billionaire owner. At 15 pages, Wednesday's Global Transparency Report is...

Starlink Backtracks on Refusal to Comply With X Ban

But company says it will continue to fight Brazil judge's order

(Newser) - Elon Musk's satellite-based internet service provider Starlink backtracked Tuesday and said it will comply with a Brazilian Supreme Court justice's order to block the billionaire's social media platform, X, the AP reports. Starlink said in a statement posted on X that it will heed the judge's...

Justice Fighting Musk Orders X Blocked in Brazil

Ruling says platform encourages posts with 'extremism, hate speech and anti-democratic discourse'

(Newser) - A Brazilian Supreme Court justice on Friday ordered the suspension of Elon Musk's social media giant X in Brazil after the tech billionaire refused to name a legal representative in the country, according to a copy of his decision. The move escalates the monthslong feud between the two men...

Musk's Feud With Brazil Enters Threat Territory

Nation's high court gives him 24 hours to appoint a legal rep to avoid seeing X suspended there

(Newser) - The clock is ticking for Elon Musk, at least as it pertains to keeping his X social media platform functioning in Brazil. That's because the South American nation's Supreme Court has given the billionaire 24 hours to appoint a legal representative for X in Brazil, or risk seeing...

Report: Advertising Is Way Down at X

Analysts say Musk might have to sell Tesla shares to keep platform afloat

(Newser) - Elon Musk apparently hasn't had much success luring advertisers back to X. Quartz reports that according to MediaRadar, a company that tracks ad spending, advertising on the platform in the first half of this year is down 24% year-on-year. Advertisers reportedly spent around $744 million on the platform in...

Ahead of Musk Interview, Trump Resumes Posting on X

He asks: 'Are you better off now than you were when I was president?'

(Newser) - After a break of almost a year, Donald Trump resumed posting on X on Monday, hours ahead of an interview with Elon Musk. The former president was barred from what was then Twitter after the Capitol riot on Jan. 6, 2021. His account was reinstated after Musk acquired the platform...

Maduro Bans X for 10 Days
Maduro Bans X for 10 Days
Aug 9, 2024 4:42 AM CDT

Maduro Bans X for 10 Days

He accuses Musk of inciting 'civil war'

(Newser) - Venezuelan President Nicolas Maduro, accusing Elon Musk of inciting "civil war," has banned X in the country for 10 days. In a speech Thursday, the Venezuelan leader said he signed a resolution from the national communications regulator "to take social network X, formerly known as Twitter, out...

Musk: 'Now It Is War' Against Advertisers

X files antitrust lawsuit over allegedly illegal boycott

(Newser) - "We tried peace for 2 years, now it is war," Elon Musk said in a post on X Tuesday after the social media company filed an antitrust lawsuit against an advertising industry coalition. The lawsuit filed in federal court in Texas accuses the World Federation of Advertisers and...

Musk Shuts Down X Headquarters in San Francisco

Owner of social media company says he has 'no choice' but to relocate X's HQ to Texas

(Newser) - From the start, Elon Musk's relationship with San Francisco was tinged with tension , and now, it looks like he's severing ties for good. The New York Times has seen a memo from Linda Yaccarino, CEO of X, the social media company formerly known as Twitter that's owned...

Musk Appears to Breach X's Rules With Harris Deepfake
Musk Posts Manipulated Harris
Video: 'This Is Amazing'
IN CASE YOU MISSED IT
Aug 3, 2024 1:00 PM CDT

Musk Posts Manipulated Harris Video: 'This Is Amazing'

He seemingly broke X's own rules against deepfakes, even regarding parody

(Newser) - Last week, Kamala Harris launched her presidential campaign with a video that boasted "we choose freedom—the freedom not just to get by, but to get ahead," among other liberties that the vice president vows to protect if elected to the Oval Office. On Friday evening, Elon Musk...

Don Lemon Says Elon Musk Soured on Partnership Deal
Don Lemon Sues Elon Musk
Over Canceled Deal
UPDATED
Aug 1, 2024 11:56 AM CDT

Don Lemon Sues Elon Musk Over Canceled Deal

Former CNN figure was supposed to host a show on X

(Newser) - Don Lemon has sued Elon Musk over their collapsed deal to have the former CNN anchor host a show on the X platform, reports the New York Times . Lemon says Musk promised him a salary of $1.5 million annually, plus a share of ad revenue, according to the lawsuit....

'White Dudes for Harris' Blasts 'Suspicious' X Suspension
X Suspends
'White Dudes for Harris'
Jul 31, 2024 7:11 AM CDT

X Suspends 'White Dudes for Harris'

'We scared @elonmusk,' organizer claims after massive fundraiser

(Newser) - White Dudes for Harris raised more than $4 million for the presidential campaign of Vice President Kamala Harris on Monday, then had its X account suspended. The group had celebrated its wildly successful livestream fundraiser on the platform, writing , "This is the start of something special and we couldn'...

Musk Is Moving 2 More Company HQs to Texas

He says California law on trans identity is the 'final straw' for X, SpaceX

(Newser) - Years after he moved Tesla's headquarters from California to Texas, Elon Musk is taking two more of his companies down the same road. In a post on X, Musk called a California law on transgender students the "final straw," Reuters reports. "Because of this law and...

Musk Addresses 'Don't Advertise' Slam

X owner revisits November challenge in industry remarks in France

(Newser) - Elon Musk went to advertisers on Wednesday to try to put his incendiary remarks in November in a wider context, in case they thought when he told them to "Go f--- yourself" that he meant "Go f--- yourself." He had also told companies that had stopped buying...

Report: Musk Redirected AI Chips Bound for Tesla

Move raises more concerns about conflicts of interest ahead of shareholder vote

(Newser) - Tesla investors are preparing to vote on a pay package for Elon Musk worth around $56 billion, and a report on his handling of Nvidia chips may add to concerns about his commitment to the company. According to emails seen by CNBC , the Tesla CEO told the chipmaker to redirect...

NSFW Content Is Now Officially Allowed on X
NSFW Content Is Now
Officially Allowed on X
the rundown
Jun 4, 2024 1:10 AM CDT

NSFW Content Is Now Officially Allowed on X

Under certain circumstances, at least

(Newser) - Adult content is now formally allowed on X, as long as it's been consensually produced and is clearly labeled. Since being taken over by Elon Musk, the social network formerly known as Twitter has experimented with allowing NSFW ("not safe for work") communities to post adult content,...

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