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Tag Archives: x

AI Tokens Pump on Positive Industry News as X Corp Announces xAI Shareholding

A number of AI tokens have seen recent significant increases, following Musk’s xAI shareholder announcement, along with other news updates. Artificial intelligence (AI) tokens climbed over the past weekend following news from AI companies about the future of the sector. X Corp owner and Chairman Elon Musk said on Sunday that the company’s shareholders would have a 25% stake in xAI, Musk’s new AI company. Another factor that pumped AI stock over the last few days is news that former OpenAI...

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Elon Musk Threatens X Corp ‘Thermonuclear Lawsuit’ against Media Matters and Advertisers for Fake Ad Scenarios

According to Musk, X Corp will sue Media Matters and several others for a fake plot to paint the social media company as problematic. X (formerly Twitter) owner and Chairman Elon Musk has threatened to file a lawsuit against major advertisers and Media Matters for America (MMfA) for pausing ads on X and allegedly misrepresenting the company’s position on free speech. Musk said the company will file a lawsuit first thing today.  In a post published Saturday, the X Chairman stated: “The...

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Elon Musk’s X Sees Steep Drop in Value, Now Worth Less than Half of Its Purchase Price

Musk’s alterations to content policies have resulted in a considerable drop in advertising revenue. Elon Musk‘s social media platform ‘X,’ formerly known as Twitter, has taken a sharp downturn, currently valued at less than half of what he initially invested in purchasing the company a year ago. According to a Bloomberg report on Tuesday, citing internal memos and a person familiar with the matter, the company’s restricted stock units paid to employees were roughly valued at $45 per share....

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Elon Musk Plans to Integrate Dating App Features on Twitter (X) by 2024

The idea to turn X into a multifaceted financial hub with dating features comes shortly after Musk unveiled new subscription plans for the social media platform. In a recent virtual conference commemorating the first anniversary of Elon Musk‘s acquisition of the social media platform Twitter, now rebranded as X, the billionaire tech mogul unveiled intriguing plans for the future of the platform. According to a Business Insider report citing people familiar with the matter, Musk plans to...

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Elon Musk Unveils Two New Tiers of X Premium Subscription

In parallel to the subscription plan announcement, X is taking measures to combat manipulation, spam, and bot activity on its platform. Elon Musk, the CEO of various innovative companies and owner of social media platform X (formerly Twitter) recently confirmed the introduction of two new premium subscription plans for X. New Premium Subscription Options on X X Premium, the current subscription service for X, offers a range of exclusive features for $8 per month. These features include...

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SEC Sues Elon Musk Forcing Him to Testify in Twitter Probe, Musk Responds

Musk blamed the SEC and the Biden Administration for constant scrutiny into his Twitter acquisition while expressing his confusion and frustration in the matter. On Thursday, October 5, the US Securities and Exchange Commission (SEC) sued Elon Musk in order to force him to testify about the acquisition of Twitter last year. In a legal document filed in the Northern District of California, SEC lawyers have accused Elon Musk of non-compliance with a subpoena mandating his appearance for a...

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X CEO Yaccarino Says Company Will Become Profitable in Early 2024

Despite its aim to achieve profitability next year, the company grapples with persistent challenges. During the Vox Media Code Conference on Wednesday, Linda Yaccarino, CEO of X (formerly Twitter), said confidently that the company is on track to achieve profitability in early 2024. The optimistic outlook follows the company’s determined efforts to rebuild its reputation and regain advertisers who had previously distanced themselves due to content-related concerns. “Now that I have...

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Meta’s Threads Is Lowest Social Media App by Number of US Users after Tumblr

Threads has lost nearly all of its initial momentum as the app is now struggling to attract new users and keep existing ones on the platform. Threads, the Twitter rival launched by Meta Platforms Inc, is going through its fair share of struggles as new users are no longer joining the platform. According to a Tuesday publication from Insider Intelligence, Threads is the only app above Tumblr on a ranking of the most popular social media services according to the number of users in the US....

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UK’s Online Safety Bill Passed to Ensure Safer Internet for Children 

The lawmakers explained that companies that fail to comply with the Online Safety Bill could face penalties of up to £18 million ($22.3 million) or 10% of their annual global turnover, providing a strong incentive for adherence to these safety standards. The UK’s Parliament has approved the long-awaited Online Safety Bill, marking a significant milestone in making the internet safer for everyone, especially children. The legislation, which has evolved significantly over the years, is set...

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Elon Musk Allegedly Has Big Financial Plans for X, aka Twitter

Elon Musk – the South African billionaire behind successful companies like Tesla and SpaceX – has some huge plans for Twitter, which he’s recently renamed “X.” He wants to make the social media platform the ultimate financial giant by allegedly building a crypto and stock trading platform within its walls. Elon Musk is Potentially Turning X into a Financial Powerhouse The news comes after documents were leaked suggesting Musk received financial data from anonymous...

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