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Fidelity Slashes Valuation of X/Twitter by 79% Since Elon Musk’s Acquisition

Investment giant Fidelity has written down the value of Elon Musk's shares in X (formerly known as Twitter Inc.) by a staggering 78.7% as of the end of August, and the social media platform Musk bought. That means the overall valuation is just $9.4 billion. 44 billion after attempting to withdraw from the agreement. tech […]

Brazil Demands Twitter Pay $1.8 Million in ‘Fines’ After Elon Musk Free Speech Cave

Social media platform announced. announced Over the weekend. The request comes about a month after “anti-fake news” activist De Moraes. prohibited Brazil's Access to X Platform initially refused to comply with censorship orders against the user group and also refused to appoint new legal representatives in the country. After initially loudly denouncing the Brazilian government's […]

Brazil hits Elon Musk’s ‘X’ with new $1.8M fine

Brazil's Supreme Court has ordered X to pay just over $5 million in fines, including a new fine of nearly $2 million, before the country finally lifts its ban on the platform. “X” notified the Brazilian government earlier this week that it is now complying with the court order. That's because owner Elon Musk has […]

Mars quest: President Trump and Elon Musk's grand vision 

In September 1962, John F. Kennedy famously told the American people, “We choose to go to the moon.” Recently, former President Donald Trump reflected this sentiment “Elon, we want to go to Mars, so please move the rocket ship.” President Trump has often talked about reaching Mars. We believe his new venture is a continuation […]

Elon Musk embraces role as pro-Trump 'megaphone'

Elon Musk has gone from being a technology entrepreneur who has largely avoided politics to becoming what strategists call a “megaphone” for spreading right-wing views as former President Trump's online surrogate in the White House race. The tech mogul began his political career several years ago, but political experts say his partisan rhetoric has increased […]

X Platform Releases Very First ‘Transparency Report’ Since Elon Musk’s Takeover

Photo illustration of Twitter's new logo in London, England on July 24, 2023. (Photo Illustration by Dan Kitwood/Getty Images) By Brooke Mallory, OAN StaffWednesday, September 25, 2024 at 6:30 p.m. Social platform site X (formerly Twitter) has released its first transparency report since it was acquired by tech mogul Elon Musk about two years ago. […]

X releases first transparency report since Elon Musk takeover

Elon Musk's social media platform X announced on Wednesday First Transparency Report Since the outspoken billionaire bought the company. The report, which detailed its content moderation practices, said the company removed millions of posts and accounts from its site in the first half of this year. X, the former name for Twitter, suspended about 5.3 […]