What just happened? Elon Musk has orchestrated another move in his sprawling business empire, announcing on Friday that his artificial intelligence firm, xAI, has acquired X (formerly Twitter). The all-stock transaction values X at $33 billion, including $12 billion in debt, and xAI at $80 billion, creating a combined entity Musk says will "unlock immense potential" and provide "smarter, more meaningful experiences" for users.
You'll be able to say pretty much whatever you want on Meta's platforms
A hot potato: It seems that Meta is going to become a lot more like X, at least when it comes to what you can say on the company's platforms. CEO Mark Zuckerberg has announced the suspension of the fact-checking program, a reduction in the amount of censorship, and the recommendation of more political content across Facebook, Instagram, and Threads.
In brief: Former Twitter platform X has been ordered to pay an ex-employee in Ireland more than €550,000 ($602,640) in an unfair dismissal case. The one-time senior executive at the company was found to have been dismissed unfairly after he failed to click "yes" on an email from Elon Musk confirming that staff were willing to be part of the new "hardcore" work culture.
What just happened? Elon Musk's conflict with advertisers took a shocking new turn yesterday when he announced his platform X, formerly Twitter, is suing a group of ad companies, along with individual firms, over an alleged coordinated boycott of the site. The suit claims this broke federal antitrust laws and caused X to lose revenue.
What just happened? Elon Musk's X platform is once again in trouble in Europe. The European Union Commission says that the platform is a hotbed of misinformation and illegal content, its transparency and accountability requirements are inadequate, and the blue tick verification system is deceptive. As such, the service could face a fine reaching into the millions of dollars.