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Meta, TikTok Weigh In on Australia's Ban on Social Media

Tech companies complain age verification methods have yet to be ironed out

(Newser) - Tech companies are urging Australia's government to delay its proposed social media ban for under-16s amid criticism that the bill is being rushed into law. Prime Minister Anthony Albanese's center-left government introduced the bill in parliament last week and aims to pass it by the end of the...

X Has Become Too 'Toxic' for Stephen King

Horror author leaves Elon Musk's social media site for Meta's Threads

(Newser) - The prolific Stephen King is known for his extra-long novels, but the exit message he posted Thursday on X was short and sweet. "I'm leaving Twitter. Tried to stay, but the atmosphere has just become too toxic," the horror author wrote, using the platform's former name,...

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...

Musk's Jack Smith Case Ends at Supreme Court

Justices won't take up appeal over order for Trump's Twitter data

(Newser) - The Supreme Court will not be hearing an appeal by Elon Musk's X Corp. concerning special counsel Jack Smith's search warrant for data on Donald Trump's Twitter account. In declining to take up the case, the court noted no dissents and made no comments about it, CNN...

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...

Banks' Deal With Elon Musk Is Worst Since 2008 Crisis

WSJ : Big institutions have not been able to offload the debt as planned

(Newser) - A number of big banks loaned Elon Musk $13 billion to buy what was then Twitter in 2022. Two years later, the Wall Street Journal reports that it now ranks as the worst such deal for banks since the 2008 financial crisis—and one of the worst of all time....

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...

7 Reactions to the Trump-Musk Sit-Down

It's being called an 'embarrassment' by more than one outlet

(Newser) - So how did Donald Trump's Monday night sit-down with Elon Musk go, after its start was delayed due to technical glitches ? Not all that well, at least according to the reactions published thus far in the mainstream media. A sampling:
  • USA Today calls it an "unmitigated disaster,
...

Trump Praises Musk as 'Greatest Cutter' of Employees
7 Lines From Trump's
Interview With Elon Musk
interview
Aug 12, 2024 9:36 PM CDT

7 Lines From Trump's Interview With Elon Musk

Including praise for Musk as 'the greatest cutter' of employees

(Newser) - In an apparent reference to firings at Tesla, Donald Trump called Elon Musk "the greatest cutter" during Musk's interview of Trump on Monday night on X. "I mean, I look at what you do," Trump said to Musk. "I won't mention the name of...

Elon Musk: 'Massive Attack' Delayed Trump Interview

Though experts later said there were no signs of such an attack

(Newser) - Donald Trump recounted his assassination attempt in vivid detail and blamed the incident on "a lack of coordination" during an interview with Elon Musk that served as the former president's high-profile return to X , the social media platform formerly known as Twitter—a conversation that was plagued by...

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...

'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'...

Twitter Owes Former Workers $500M in Severance: Suit
Musk Gets His Way in
$500M Severance Lawsuit
UPDATED
Jul 11, 2024 5:51 AM CDT

Musk Gets His Way in $500M Severance Lawsuit

Judge dismisses the suit, though plaintiffs can attempt to amend it

(Newser) - The lawsuit accusing Elon Musk of owing at least $500 million in severance pay to former Twitter employees has been dismissed. A judge ruled Tuesday that she lacked jurisdiction in the case because the federal Employee Retirement Income Security Act (ERISA) that governs benefit plans does not cover the situation...

Supreme Court Punts on Social Media Speech Rights

SCOTUS returns cases in Texas and Florida claiming that users were being censored

(Newser) - The Supreme Court on Monday kept a hold on efforts in Texas and Florida to limit how Facebook, TikTok, X, YouTube, and other social media platforms regulate content posted by their users. The justices returned the cases to lower courts in challenges from trade associations for the companies, reports the...

Chipotle Has Fans So Dedicated, They Earned a Nickname
'Chipotle Boys' Are
Having a Moment
Jun 15, 2024 4:40 PM CDT

'Chipotle Boys' Are Having a Moment

The Bustle's Madeline Howard gets a close up look at the brand's most dedicated eaters

(Newser) - Chipotle may have a certain group to thank for helping keep the lights on, and they now have a name: Chipotle Boys. The topic began trending on X when user Jackson McHenry posted an observation he had at one of Chipotle's New York locations. "Overheard two twenty-something women...

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,...

Fired X Exec Who Went Viral for Sleeping at Office Joins Rival

Esther Crawford now a director of product at Meta's Messenger

(Newser) - Twitter product head Esther Crawford went viral in late 2022, soon after Elon Musk took over the company, when she shared a photo of herself sleeping on her office floor as a sign of dedication—only to wind up fired. She's now bounced back into the social media landscape,...

Elon Musk Says Australia's Ban on Stabbing Video Is Censorship

Australia's PM says Musk is just an 'arrogant billionaire'

(Newser) - Australia on Monday banned X from allowing users to access graphic video from last week's stabbing attack at a Sydney church , at least temporarily, and Elon Musk responded by accusing the country of censorship. Australia's internet watchdog, the eSafety Commission, had already blocked Australian users from accessing video...

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