In their letter, Vance and Tillis set a deadline of January 23 for the SEC to elucidate its plans to investigate what happened, among other things. In a statement, the SEC said it will “work with law enforcement and our partners across government to investigate the matter and determine appropriate next steps relating to both … Read more
X, the social media platform formerly known as Twitter, is bringing back news headlines in user posts, reversing a change made by owner Elon Musk. In October, Musk announced that the social media platform would change how links to news posts would appear in users’ feeds. It removed headlines and text that were previously displayed … Read more
Fidelity has marked down the value of its shares in X Holdings Corp., the parent company of the platform formerly known as Twitter, by 71.5 percent since Elon Musk purchased the company in October 2022. The investment firm cut its valuation of X by about 10.7 percent in November alone, from an estimated $6.3 million … Read more
A federal judge ruled Friday that Twitter, now known as X, breached its contract with employees when it failed to pay millions in promised bonuses last year. The company promised employees half of their potential bonuses both before and after tech billionaire Elon Musk purchased the company in 2022, but never paid, according to the … Read more
Threads — Meta’s rival to X, the platform formerly known as Twitter — launched in “countries across” Europe on Thursday. “Today we’re opening Threads to more countries in Europe,” Meta CEO Mark Zuckerberg said. “Welcome everyone.” European Union (EU) officials said in July the launch of the platform in Europe would be delayed because of … Read more
The relationship between Elon Musk and the European Union deteriorated further on Monday, with the bloc launching a formal investigation into the way X has been run since the billionaire took over last year. Senior officials from the European Commission said they were concerned about a range of new features that have been added to … Read more
