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Elon Musk’s X Holdings Corp. is evolving from a social media platform powered by mainstream advertisers to one betting on dollars generated from artificial intelligence and subscriptions — a change that appears to have buoyed its revenue lately.
European Union digital chief Henna Virkkunen said the bloc’s rules governing digital platforms like X and Meta Platforms Inc. should not be considered barriers to trade with the US.
Mentions: META
Robin Andrews led contentious litigation against Musk that was filed shortly before President Trump took office.
Mentions: TSLA
Elon Musk stood up attorneys who flew to Washington to question him under oath in an investor suit alleging his on-again off-again move to buy Twitter Inc. in 2022 was a bid to manipulate its stock price, according to a court filing.
It's not just you: X is down right now, including on the iPhone and the web. The social media platform, formerly known as Twitter, stopped...
A proposed class-action lawsuit against Elon Musk and his family office Excession can proceed in federal court, a judge ruled Friday.
Mentions: TSLA
Elon Musk failed to fend off an investor lawsuit claiming he manipulated the stock price of Twitter Inc. months before he bought the company in 2022 by concealing how much stock he’d acquired.
NEW YORK (Reuters) -A U.S. judge on Friday rejected billionaire Elon Musk's bid to dismiss a lawsuit claiming he defrauded former Twitter shareholders by waiting too long to disclose his initial investment in the social media company, now known as X. U.S. District Judge Andrew Carter in Manhattan said the shareholders adequately pleaded that Musk, now a top adviser to President Donald Trump, intended to commit fraud through an improper regulatory filing, misleading tweets about Twitter's future, and a strategy to "silently" build his Twitter stake. Carter dismissed some other claims in the proposed class action.
Amir Shevat was laid off from his leadership role atTwitter in 2022 after Elon Musk took over. He shares advice for those impacted by DOGE cuts.
Elon Musk scared away many advertisers after he bought Twitter in 2022, and the company's value plummeted. Now it has reportedly recovered.
The roughly 560 lb. Twitter bird logo sign is once again up for sale, with the auction house estimating its value at upward of $40,000.
Do you sometimes refer to X by its old name, Twitter? That's okay. Even Elon Musk, the man who changed Twitter's name to X, still occasionally refers to
Musk, the owner of both companies, said the deal values the startup AI company at $80 billion and the social media platform at $33 billion.
The U.S. Securities and Exchange Commission (SEC) issued a summon to Tesla Inc (NASDAQ: TSLA) CEO Elon Musk over potential securities law violations. The decision was made following a vote by the five commissioners of the SEC, with one dissenting vote cast by the interim SEC Chief.
Mentions: TSLA
Elon Musk’s X plans to buy back the last remaining piece of debt tied to the buyout of the social network that Wall Street banks have been stuck holding for years, according to a person with knowledge of the matter.
Elon Musk received a summons in connection with the SEC's lawsuit over his alleged failure to properly disclose his Twitter stake before buying the company.
Mentions: TSLA
Elon Musk, the world's richest man and a top adviser to U.S. President Donald Trump, was issued a summons in connection with the Securities and Exchange Commission's lawsuit against him, a court filing on Thursday showed.
Elon Musk’s social network X has raised close to $1 billion in new equity from investors in a deal that values the company at roughly $32 billion, according to people with knowledge of the matter — a valuation in line with when Musk took it private in 2022.
Elon Musk invested $150 million to acquire more shares in X last year at a valuation approaching the price he paid for the company’s equity in 2022.
Twitch invented livestreaming. Next challenge: Keeping its audience, and turning a profit.
Mentions: AMZN
If you're wondering whether X is down -- it is, and has been on and off all day.
It's not just you: X is down right now, including on the iPhone and the web. The social media platform, formerly known as Twitter, stopped...
(Bloomberg) -- Elon Musk is set to be questioned under oath about his 2022 acquisition of Twitter Inc. in an investor lawsuit alleging that his on-again off-again move to purchase the social media platform was a ruse to lower its stock price.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY Mol
Elon Musk is set to be questioned under oath about his 2022 acquisition of Twitter Inc. in an investor lawsuit alleging that his on-again off-again move to purchase the social media platform was a ruse to lower its stock price.
On this special episode of “Uncanny Valley,” we talk about Elon Musk’s move to put spending limits on US government employee credit cards, plus how DOGE is embracing AI.
(Bloomberg) -- Ev Williams has spent most of his professional life focused on letting people share their ideas with the world from behind a keyboard. Now Williams, 52, who co-founded Blogger, Twitter and Medium, is going in a different direction. Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’Remembering the Landscape Architect Who Embraced the CityNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowUS
Ev Williams has spent most of his professional life focused on letting people share their ideas with the world from behind a keyboard. Now Williams, 52, who co-founded Blogger, Twitter and Medium, is going in a different direction.
The cofounder of Diameter Capital Partners, one the first firms to snap up debt tied to Elon Musk’s buyout of X, says that the social media company was more profitable than the market was accounting for.
Obvious Ventures plans to raise $400 million for its latest fund, according to a filing with the SEC.
Mentions: BYND
Former Twitter employees are scoring early victories in legal challenges to Elon Musk’s mass layoffs when he bought the company in 2022.
After watching the first episode, I feel that news and current affairs have gone to the Doges.
Do you sometimes refer to X by its old name, Twitter? That's okay. Even Elon Musk, the man who changed Twitter's name to X, still occasionally refers to the social media platform he runs as Twitter. "Twitter added far more features with fewer people," said Musk in a post on X Monday. The owner of X calls it Twitter too. (Screenshot: X) The owner of X was responding to another account that praised DOGE, the advisory body on government efficiency which Musk leads, for its efforts to slash the fede
Even as Elon Musk’s X Holdings Corp. basks in a valuation facelift, the social-media platform remains mired in debt and its improved fortunes owe much to heavily adjusted financials and investors’ fear of missing out.