X news

1.

Fidelity has cut its estimate of X’s value by 79% since Musk’s purchase

September 30, 2024 04:34:29

Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity. The asset manager’s Blue Chip Growth Fund now values its stake in X, formerly known as Twitter, at approximately $4.19 million, based on newly released disclosures from Fidelity’s Blue Chip Growth […]

2.

The best Twitter alternatives worth checking out

September 24, 2024 20:53:14

We’ll be straight with you. There’s no 1:1 Twitter replacement, but there are plenty of social apps that might be worth substituting into your obsessive timeline-checking routines if you’re done with Twitter for whatever reason (we can think of plenty). Twitter’s current situation — advertisers leaving, Nazis logging back on — presents an opportunity to […]

3.

X reverses course in Brazil

September 21, 2024 18:41:19

It seems that Elon Musk-owned social network X (formerly Twitter) is backing down from a confrontation with Brazil’s Supreme Court. The New York Times reported on a new court filing in which the company’s lawyers said X had complied with the court’s orders — blocking designated accounts, paying fines, and naming a new formal representative […]

4.

Elon Musk threatened with SEC sanctions for failing to appear in court

September 20, 2024 22:32:59

Elon Musk, the CEO of X and various other companies with the letter “X” in their names, is in regulators’ crosshairs after skipping testimony this month in an investigation related to Musk’s takeover of Twitter. In a filing today, the U.S. Securities and Exchange Commission (SEC) said that it intended to seek sanctions against Musk […]

5.

Musk dodged Brazil’s X ban by ‘coincidence,’ says Cloudflare CEO

September 20, 2024 20:54:01

X went back online in Brazil earlier this week, three weeks after Elon Musk’s platform was blocked under orders from Brazil’s Supreme Court. That prompted Brazil’s top court to fine X Corp. nearly $1 million for every day the platform remained accessible in the country. However, Cloudflare’s CEO Matthew Prince tells TechCrunch that X going […]

6.

Cohost, the X rival founded with an anti-Big Tech manifesto, is running out of money and will shut down

September 12, 2024 20:09:51

Cohost, a would-be X rival launched to the public in June 2022, is shutting down, the company announced via the social network’s staff account earlier this week. The service had operated much like Twitter, offering users the ability to follow others, view posts in a feed, and like and repost content shared by others. However, […]

7.

Bluesky grows to 9M+ users

September 7, 2024 20:22:44

Bluesky keeps growing: The company announced that as of Friday morning, it had added 3 million new users, bringing its total user count to more than 9 million. In other words, the social platform’s user base has grown by around 50% in the week or so since a Brazilian court banned X (formerly Twitter). The […]

8.

Payroll startup Warp disavows ‘affiliate’ who posted about white superiority

September 7, 2024 18:59:11

Warp, a young payroll startup in New York, is in the spotlight following controversial posts from an account tied to the company. On Thursday, an account posting under the name Vittorio wrote on X, “i like White people more, they do more, they are better for the roles i need to climb the kardashev scale […]

9.

X is hiring staff for security and safety after two years of layoffs

September 4, 2024 19:35:56

The hiring effort comes after X, formerly known as Twitter, laid off 80% of its trust and safety staff since Musk's takeover.

10.

X doubles down on video with a new TV app

September 4, 2024 15:29:10

Years ago, Twitter tried but eventually walked away from building TV apps after getting a lukewarm reception. Now, as it looks to revive its advertising business, its new incarnation X is hoping for a rerun. The company announced a new TV app available “on several app stores” as part of a wider effort to court […]

11.

X now lets you edit DMs — here is how to use the feature

September 3, 2024 09:20:15

X, the social network owned by Elon Musk, is finally rolling out one of the most sought-after features for direct messages: the ability to edit your message. Over the weekend, X made the edit message feature available to iOS users. One of the engineers at the company posted about the rollout and said the edit […]

12.

Is OpenAI worth $100B?

August 31, 2024 17:05:00

OpenAI could reportedly increase its valuation to $100 billion. Nvidia and Apple are apparently in talks to contribute to the company’s next fundraising round, and Thrive Capital would lead the deal should it happen, according to The New York Times. OpenAI’s annualized revenue reportedly eclipsed $3.4 billion early this year, but it’s said to be […]

13.

Top court orders ban on Elon Musk’s X in Brazil

August 30, 2024 21:26:54

A top court in Brazil ordered an immediate, country-wide suspension of the X platform on Friday after a months-long legal battle with Elon Musk’s social media company over content moderation, according to Bloomberg. The court added that anyone using VPN to access the X platform would be subject to daily fines of 50,000 reais […]

14.

Dailyhunt parent VerSe’s valuation gets slashed 42% to $2.9B: investor 360 One note

August 30, 2024 14:29:26

Indian tech and media startup VerSe, which operates popular news aggregator Dailyhunt, is worth about 42% below its last private valuation, according to estimates by its investor 360 One. The wealth and asset manager disclosed in a June update to its investors that it values VerSe at $2.9 billion, according to an internal document reviewed […]

15.

Ex-Twitter CISO Lea Kissner appointed as LinkedIn security chief

August 28, 2024 16:40:51

Kissner previously served as Twitter's chief information security officer, and held senior security and privacy positions at Apple, Google, and Lacework.

16.

How to tell if your online accounts have been hacked

August 26, 2024 11:30:09

This is a guide on how to check whether someone compromised your online accounts.

17.

Do you know where your children are? Maybe on X

August 24, 2024 17:05:00

A surprising number of “iPad kids” — aka Generation Alpha’s 7- to 9-year-old demographic — are using X, according to new data from parental control software maker Qustodio. The firm found that over 30% of this group of children have an X account. Qustodio theorizes that X may be gaining the attention of this young […]

18.

X shareholders as of June 2023 included funds tied to Bill Ackman, Binance, and Sean ‘Diddy’ Combs

August 24, 2024 16:48:59

A court order recently forced Elon Musk’s X to reveal its full list of shareholders, as of June 2023, to the public. Many of the recognizable tech industry names had already been reported as backers of Musk’s effort to buy the social media company then known as Twitter and take it private, including VC firms […]

19.

The banks that loaned Musk $13B to buy Twitter might be having regrets

August 20, 2024 22:34:31

X, formerly known as Twitter, looks like a pretty bad investment right about now. As readers might recall, Elon Musk borrowed $13 billion from Morgan Stanley, Bank of America and five other major banks to help finance its $44 billion acquisition. According to the WSJ, the deal has since become the worst merger-finance deal for […]

20.

X says it’s closing operations in Brazil

August 17, 2024 16:31:43

X, the social media platform formerly known as Twitter, said today that it’s ending operations in Brazil, although the service will remain available to users in the country. The announcement comes amid a legal battle with Brazil’s Supreme Court justice Alexandre de Moraes, who sought to block certain accounts on X as part of an […]