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Shareholders accused Musk of violating federal securities laws by making false, public statements that “were carefully calculated to drive down the price of Twitter stock.”
Elon Musk claimed that a large-scale distributed denial-of-service (DDOS) attack disrupted his scheduled conversation with former President Donald Trump on X, the platform previously known as Twitter. The discussion was set for 8 pm EDT (1 am BST), but many users experienced issues accessing the platform, with some seeing a “not available” message.
Elon Musk is facing a US$1.5 million (£1.2 million) lawsuit from former CNN news anchor Don Lemon over his cancelled talk show on social media X. Lemon launched a range of claims against Musk in a California superior court filing on Thursday, including alleging fraud, misappropriation of his name and a breach of contract.
Twitter/X-owner Elon Musk has cancelled a new talk show hosted by former CNN anchor Don Lemon, which was due to premiere on X's ‘Spaces' video service. Lemon interviewed Musk for the premiere of the show.
Social media platform X, formerly called Twitter, moved towards owner Elon Musk dreams of creating an "everything app" as it received further regulatory green lights for users to make payments. So far, it has money-transmitter licences from 13 US states after approval from Pennsylvania this week, according to a report from Reuters.
X, formerly Twitter, has an advertising crisis on its hands after a post from Elon Musk supporting an antisemitic conspiracy theory led major companies to pull their spending on the platform. Musk's tweet, plus a report from Media Matters that found that major companies were seeing their ads appear next to pro-Nazi content, causes an ad-spend exodus from Apple, Disney and others.
X, formerly known as Twitter Inc (NYSE:TWTR), is introducing a US$1 annual charge for new users in New Zealand and the Philippines as part of plans to boost revenues after a steep decline following Elon Musk's purchases of the app for US$44 billion. Sneaking the payment in under the guise of helping “combat bots and spammers on X”, the subscription, called 'Not A Bot', requires new users to verify their identities with a phone number before paying the annual fee or opting for a premium account.
Elon Musk has been warned that he must respond to European authorities over alleged misinformation on his social media X following the outbreak of war in Israel at the weekend. In a letter addressed to Musk on Tuesday, European commissioner Thierry Breton urged Musk to crack down on “violent and terrorist content” circulating on X, or risk investigation and potential penalties.
Elon Musk's X has been slated for seemingly disabling a feature on the social media platform that allowed people to report posts containing misinformation related to elections. Users had been able to report posts due to political issues since the feature was introduced in 2022.
Elon Musk has threatened to hit the Anti-Defamation League with a defamation lawsuit over its claims of antisemitism at X (formerly Twitter Inc (NYSE:TWTR)). Though a series of tweets, Musk argued the US-based group, which focuses on tackling defamation of the Jewish population, had been trying to “kill” X since he took over last year.
Linda Yaccarino, the Elon Musk-appointed CEO of X Corp, said she has “autonomy” under his ownership in an interview likely aimed at luring advertisers back to the platform. Yaccarino told CNBC's Sara Eisen that X, formerly Twitter, is a “healthier” platform than when Musk took over, emphasizing the work the platform's trust and safety team has done.
X Corp, the owner of the app formerly known as Twitter Inc (NYSE:TWTR), is suing an anti-hate organisation for gaining data unlawfully when producing reports, which it claims resulted in a drop in advertising revenue. Alleging the Center for Countering Digital Hate (CCDH) used “unlawful acts” to “improperly gain access” to data about the social media app, X filed a lawsuit in the US on Monday.
Twitter Inc (NYSE:TWTR), sorry X, will soon go dark, according to a recent Tweet, sorry X, from commander in chief Elon Musk. What he has against white backgrounds is unclear, with Musk simply Tweeting, sorry X'ing, that “this platform will soon only have “dark mode”.
Elon Musk, CEO of Tesla and SpaceX and owner of Twitter, Wednesday announced the debut of a new AI company, xAI, with the goal to “understand the true nature of the universe,” according to the company's website. xAI's site stated that Musk and his team will share more information in a live Twitter Spaces chat on Friday.
Elon Musk has announced that Twitter Inc (NYSE:TWTR) users' email addresses will be handed out to accounts they subscribe to under a new feature on the site. Users will be asked to agree to their email addresses being shared with holders of accounts to which they subscribe, Musk unveiled in a tweet on Wednesday.
Less than a month after tapping Linda Yaccarino to replace him as twitter CEO, Elon Musk has brought another NBCUniversal executive into the fold. Senior executive Joe Benarroch, starting Monday, will take on a role focusing on business operations, according to reports.
Twitter Inc (NYSE:TWTR) trust and safety head Ella Irwin has quit the company just months after taking over from vocal Elon Musk critic Yoel Roth. Irwin confirmed her resignation to Reuters on Thursday, after having joined the company in June last year and replacing Roth as lead content moderator shortly after in November.
Twitter Inc (NYSE:TWTR)'s value has been written down for the third time by investors since Elon Musk bought the social media in October. Fidelity Blue Chip Growth Fund's stake in Twitter had been valued at US$8.6mln in November, after an initial mark down, but fell to US$7.8mln in January and US$6.5mln last month, according to monthly disclosures from the investor.
Twitter Inc (NYSE:TWTR)'s parent company X Corp, which was established in 2023 by Elon Musk to facilitate the social media platform's takeover, has made its first acquisition by way of tech recruiting service Laskie. Speaking with Axios, anonymous sources said the recently closed deal was made with both equity and cash.
Elon Musk says he's named a new Twitter CEO, and that "she” will start about six weeks from now. Excited to announce that I've hired a new CEO for X/Twitter.