5 Minutes Read

Twitter completes transition to X.com domain, confirms Elon Musk

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Elon Musk announced the complete transition of Twitter, now called ‘X’, to the X.com domain. Despite initial technical delays since its rebranding in July 2023, all core systems have moved, with a focus on maintaining privacy and data protection settings.

The social media giant formerly known as Twitter has now officially transitioned to the ‘X’ domain. The announcement was made by Elon Musk through a post on the newly rebranded platform.

The rebranding process began in July 2023 when Musk, having acquired Twitter in 2022, decided to rename the platform to ‘X’. The change was symbolised by replacing the iconic blue bird logo with an ‘X’. Despite the immediate logo switch, the transition of the platform’s domain to X.com encountered technical hurdles, causing delays.

However, Musk’s recent confirmation indicates that all core systems have successfully migrated to X.com. Users visiting the X login page are greeted with a notification about the URL change, reassuring them that their privacy and data protection settings remain unaffected.

This transition has not been without its challenges. For a period, users navigating to Twitter were not consistently redirected to the new X domain but landed on the platform’s original page instead. This staggered redirection process suggests a phased approach to the domain switch, with expectations set for a complete transition in the near future.

The move to X.com represents a significant milestone in Musk’s vision for the platform. While the initial domain shift began in August last year, fluctuating between the new and old domains highlighted the complexities involved in such a major digital overhaul.

With Musk’s latest announcement, it’s anticipated that the social media platform will soon cease to be accessible under its former Twitter domain, fully embracing its new identity as ‘X’.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Meta’s Threads is testing its own version of TweetDeck to rival X

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

TweetDeck, which was originally created by outside developers before being acquired by the company in 2011, was popular enough that Twitter management considered selling it to users as part of a subscription offering on several occasions over the years, but never ended up charging for it.

Threads, the text-focused social network from Meta Platforms Inc., is testing its own version of TweetDeck, a feature once popular with Twitter users that let them see several content feeds on one screen.

Threads users in the test group can pin as many as 100 feeds to their homepage, making it easy to jump between posts from people you follow, posts recommended by the company’s algorithms, or feeds focused on specific keywords or topics. The new layout is only available for users accessing Threads on the web.

The new experience is similar to TweetDeck, a feature long beloved by Twitter diehards. TweetDeck, which was originally created by outside developers before being acquired by the company in 2011, was popular enough that Twitter management considered selling it to users as part of a subscription offering on several occasions over the years, but never ended up charging for it.

After Elon Musk acquired Twitter in late 2022, he changed the name of TweetDeck to X Pro and added it to the company’s subscription offering. Threads, meanwhile, is not charging for its new TweetDeck lookalike product, a spokesperson confirmed.

Meta debuted Threads last July as a response to Musk’s purchase of Twitter, with Meta Chief Executive Officer Mark Zuckerberg saying he hoped the service would eventually reach a billion users. Zuckerberg said in April that Threads has more than 150 million monthly active users.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Elon Musk ordered to testify again in US SEC probe of Twitter takeover

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The investigation concerns whether Musk broke federal securities laws in 2022 when he bought stock in Twitter, which he later renamed X.

A federal court ordered on Tuesday that Elon Musk must testify again in the US Securities and Exchange Commission’s investigation into his $44 billion takeover of Twitter.

The SEC sued Musk in October to compel the CEO of electric carmaker Tesla and rocket company SpaceX to testify after he refused to attend a September interview for the investigation. The billionaire said the SEC was trying to ”harass” him with a number of subpoenas.

The investigation concerns whether Musk broke federal securities laws in 2022 when he bought stock in Twitter, which he later renamed X. It is also reviewing statements and SEC filings he made in relation to the deal, the agency has previously said.

US Magistrate Judge Laurel Beeler in February ruled in favour of the agency to compel the deposition and Musk requested a review of the decision.

”As Judge Beeler explained, the investigations Musk contends constitute harassment are ’legitimate government investigations’,” US District Judge Jacqueline Scott Corley said on Tuesday.

”Musk has not met his burden of demonstrating the subpoena is unreasonable.”

This marks the latest dispute in a years-long feud between Musk and the top US markets regulator, dating back to 2018 when he tweeted that he had ”funding secured” to take Tesla private.

In 2022, Musk supplied the SEC with documents for its probe and also testified via videoconference for two half-day sessions in July of that year, the SEC has said in court documents. Agency lawyers have said they have more questions for Musk after receiving new documents and had sought additional testimony.

Musk was not immediately available for comment.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Australian court lifts order blocking X on church stabbing video

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The legal tussle has sparked heated exchanges between Musk and senior Australian officials including Prime Minister Anthony Albanese, who called Musk “an arrogant billionaire” for his objections to take down the video.

An Australian court on Monday rejected a bid by the country’s cyber safety regulator to extend a temporary order for Elon Musk-owned X to block videos of the stabbing of an Assyrian church bishop, which authorities had called a terrorist attack.

Federal Court judge Geoffrey Kennett said the application to extend the injunction granted last month had been refused. The reasons for the judgement will be released later, the judge said during a brief hearing.

The matter has been listed for a hearing on Wednesday.

The legal tussle has sparked heated exchanges between Musk and senior Australian officials including Prime Minister Anthony Albanese, who called Musk “an arrogant billionaire” for his objections to take down the video. Musk has posted memes criticising the regulatory order, describing it as censorship.

Other platforms, such as Meta, took down the content quickly when asked.

The Federal Court, Australia’s second-highest court, last month upheld an order by the eSafety Commissioner asking X, formerly Twitter, to take down 65 posts containing footage of the bishop being knifed mid-sermon in Sydney on April 15, saying it showed explicit violence. A 16-year-old boy has been charged with a terrorism offence for the alleged attack.

Australian users have been blocked from viewing the posts but X has refused to remove them globally on the grounds that one country’s rules should not control the internet.

The regulator told the court last week that geo-blocking Australians, the solution X offered, was ineffective because a quarter of the population used virtual private networks that disguised their locations.

Last week, Albanese’s centre-left government announced it would hold a parliamentary inquiry to look into the negative impacts of social media, saying it has significant control over what Australians see online, with almost no scrutiny.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Australian regulator says Elon Musk’s X should not set limits of internet law

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The company Musk bought in 2022, with a declared mission to save free speech, says it has blocked Australia from seeing the posts but refuses to remove them globally on the grounds that one country’s rules should not control the internet.

Elon Musk’s X has policies to take down harmful content when it chooses but should not be allowed to overrule Australian law in deciding what can be viewed there, a lawyer for the cyber regulator told a hearing into video of a bishop being stabbed.

X, formerly Twitter, is fighting an order by the e-Safety Commissioner to remove 65 posts showing video of an Assyrian Christian bishop being knifed mid-sermon in Sydney last month, in what authorities called a terrorist attack.

“X says … global removal is reasonable when X does it, because X wants to do it, but it becomes unreasonable when X is told to do it by the laws of Australia,” Tim Begbie, the lawyer, told a hearing of the Federal Court, Australia’s second-highest.

Other platforms, such as Meta, took down the content quickly when asked, he said, adding that X had policies to remove very harmful content, as responsible services did.

But X’s opposition to global removal could not be right as it would determine the definition of “reasonable” within the terms of Australia’s Online Safety Act, he added.

The company Musk bought in 2022, with a declared mission to save free speech, says it has blocked Australia from seeing the posts but refuses to remove them globally on the grounds that one country’s rules should not control the internet.

Begbie said the dispute was not a debate about free speech but rather about the practicality of the Australian law that gives the regulator power to protect citizens from the most objectionable content.

Geoblocking Australians, the solution X offered, was ineffective because a quarter of the population used virtual private networks that disguise their locations, he added.

“Global removal in these circumstances is a reasonable step,” he said. “It would achieve what parliament intended, which is no accessibility to end users in Australia.”

Lawyers for X have yet to make their argument, but previously called the regulator’s order an overreach of its jurisdiction, a contention Musk has repeated in posts on his website.

The one-day hearing continues.

Also Read: Canada fines Binance $4.38 million for money laundering violations

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Elon Musk may be compelled to testify again in SEC’s Twitter takeover probe

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The SEC sued Elon Musk in October to compel the Tesla and SpaceX CEO to testify after he refused to attend a September interview for the investigation, saying the SEC was trying to “harass” him with a number of subpoenas.

A federal judge on Thursday indicated a willingness to compel Elon Musk to testify again in the U.S. Securities and Exchange Commission’s investigation into his $44 billion takeover of Twitter.

Lawyers for the billionaire appeared in a San Francisco courtroom on Thursday to urge U.S. District Judge Jacqueline Scott Corley to decide against the SEC, which is seeking to force Musk to testify as part of its probe into his 2022 purchase of social media giant Twitter. Another judge previously ruled in favor of the agency.

The SEC sued Musk in October to compel the Tesla and SpaceX CEO to testify after he refused to attend a September interview for the investigation, saying the SEC was trying to “harass” him with a number of subpoenas.

The judge did not issue a decision on Thursday.

“I don’t think that the deposition subpoena is unreasonable. What I don’t know is why does the deposition have to be at an SEC office?” Corley said at a hearing at the United States District Court for the Northern District of California.

The investigation concerns whether Musk broke federal securities laws in 2022 when he bought stock in Twitter, which he later renamed X. It is also reviewing statements and SEC filings he made in relation to the deal, the agency has previously said.

In 2022, Musk supplied the SEC with documents for its probe and also testified via videoconference for two half-day sessions in July of that year, the SEC has said in court documents. Agency lawyers have said they have more questions for Musk after receiving new documents, and had sought additional testimony.

Musk’s lawyer, Rachel Frank, an associate with Quinn Emanuel Urquhart & Sullivan, on Thursday told the judge the additional testimony would be a “burden” for Musk and take him away from obligations to shareholders.

The judge asked whether Musk should be exempt from securities laws and further investigations just because he is a “very busy person” who is running multiple companies.

Musk did not immediately respond to a request for comment.

Thursday’s face-off is the latest dispute in a years-long feud between Musk and the top U.S. markets regulator, dating back to 2018 when he tweeted that he had “funding secured” to take the electric carmaker private.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Elon Musk’s fortune soars by most since before Twitter purchase

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

In the past five days, the world’s third-richest person has gained $37.3 billion in net worth, according to the Bloomberg Billionaires Index. That’s his largest weekly gain since March 2022, just before he agreed to buy Twitter Inc for $44 billion in one of the biggest leveraged buyout deals in history. Since then, his fortune has tumbled just as often as it has increased after a breathtaking ascent in 2020 and 2021.

Elon Musk’s net worth is soaring after it plunged to the lowest level in almost a year.

In the past five days, the world’s third-richest person has gained $37.3 billion in net worth, according to the Bloomberg Billionaires Index. That’s his largest weekly gain since March 2022, just before he agreed to buy Twitter Inc for $44 billion in one of the biggest leveraged buyout deals in history. Since then, his fortune has tumbled just as often as it has increased after a breathtaking ascent in 2020 and 2021.

Tesla Inc. shares rallied the most in more than three years Monday following reports that it received in-principle approval from Chinese officials to deploy its driver-assistance system in the world’s biggest auto market. That followed news last week that the electric-vehicle maker plans to introduce a less-expensive car as soon as this year, which eased concerns about disappointing earnings.

Musk added $18.5 billion to his fortune on Monday alone, the 13th-largest market-driven daily gain for any billionaire on Bloomberg’s wealth index and Musk’s seventh-biggest. With a net worth of $201.5 billion, he’s close to overtaking second-place Jeff Bezos, after he surpassed Mark Zuckerberg last week.

Musk, 52, derives his wealth primarily from his stake in Tesla, as well as his holdings in Space Exploration Technologies Corp. and X, formerly known as Twitter.

Prior to the recent rally, Tesla spent much of the year as the worst-performing stock on the S&P 500 Index amid price cuts and a surprise drop in vehicle deliveries. The value of X, meanwhile, has slumped about 73% since Musk bought it two years ago, according to a March valuation from the Fidelity Blue Chip Growth Fund, which invested alongside him.

One bright spot for Musk’s wealth has been SpaceX, which gained more than 40% in value between mid-2022 and the end of 2023.

The billionaire is also facing pressure domestically. Tesla has asked shareholders to vote again on Musk’s $56 billion compensation package that was voided by a Delware court early this year. If it’s rejected, Musk risks losing stock options that make up nearly a quarter of his net worth, according to Bloomberg’s wealth index.

The US Supreme Court also rejected an appeal Monday from Musk in his “Twitter sitter” case, leaving intact his agreement with the Securities and Exchange Commission to have an in-house lawyer pre-approve his social media posts about Tesla.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Brazil judge gives X five days to explain alleged non-compliance with court ruling

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The decision is part of an inquiry opened earlier this month by Justice Alexandre de Moraes into Musk, after the billionaire said he would reactivate accounts on X that the judge had ordered blocked.

A Brazilian Supreme Court justice has given social media platform X until Friday to explain why it allegedly did not fully comply with earlier rulings ordering the Elon Musk-owned company to block certain accounts.

The decision is part of an inquiry opened earlier this month by Justice Alexandre de Moraes into Musk, after the billionaire said he would reactivate accounts on X that the judge had ordered blocked.

X, the social media platform previously known as Twitter, did not immediately respond to a request for comment.

Moraes, whose decisions regarding X Musk called “unconstitutional,” set the five-day deadline in a public decision on Saturday, though the count began on Monday.

A report by Brazil’s federal police seen by Reuters on Friday showed accounts on X that local courts had ordered blocked were still active on the platform by early April, contradicting a previous statement by the company.

These accounts were still able to get new local followers and to publicize links for live streaming videos, according to the report.

“Representatives for social network ‘X’ (formerly known as Twitter) are requested to comment on the non-compliances highlighted in the report presented by the police,” Moraes wrote in the decision.

Moraes is investigating “digital militias” that have been accused of spreading fake news and hate messages during the government of former far-right President Jair Bolsonaro and is also leading an investigation into an alleged coup attempt by Bolsonaro.

Previously, lawyers representing X said the platform had blocked 226 accounts since 2022 after orders from the court or Brazil’s top electoral court, adding the accounts were still blocked and not allowed to live stream videos.

The lawyers have also said X would comply with every ruling issued by both courts.

Also Read: Elon Musk accuses Australia of censorship after court bans violent video

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Elon Musk accuses Australia of censorship after court bans violent video

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Prime Minister Anthony Albanese responded Tuesday by describing Musk as an “arrogant billionaire” who considered himself above the law and was out of touch with the public.

Tech billionaire Elon Musk accused Australia of censorship after an Australian judge ruled that his social media platform X must block users worldwide from accessing video of a bishop being stabbed in a Sydney church.

Prime Minister Anthony Albanese responded Tuesday by describing Musk as an “arrogant billionaire” who considered himself above the law and was out of touch with the public.

X Corp., the tech company rebranded in 2023 by Musk after he bought Twitter, announced last week it would fight in court Australian orders to take down posts relating to a knife attack on Bishop Mar Mari Emmanuel in an Assyrian Orthodox church as a service was being streamed online on April 15.

The material was geoblocked from Australia but available elsewhere.

But the regulator that made the orders, Australia’s eSafety Commission, which describes itself as the world’s first government agency dedicated to keeping people safer online, successfully applied to the Federal Court in Sydney for a temporary global ban on sharing the video of the bishop being stabbed.

In an after-hours hearing Monday, Justice Geoffrey Kennett suppressed the footage from all X users until Wednesday, when an application for a permanent ban will be heard.

Hours later, Musk posted on his personal X account a cartoon that depicted a fork in a road with one path leading to “free speech” and “truth” and the other to “censorship” and “propaganda.”

Musk cited Albanese telling reporters Monday that other social media platforms had largely complied with the regulator’s orders to take violent content down.

“I’d like to take a moment to thank the PM for informing the public that this platform is the only truthful one,” Musk posted.

Albanese berated Musk in several television interviews Tuesday.

“We’ll do what’s necessary to take on this arrogant billionaire who thinks he’s above the law, but also above common decency,” Albanese told Australian Broadcasting Corp. “The idea that someone would go to court for the right to put up violent content on a platform shows how out of touch Mr Musk is. Social media needs to have social responsibility with it.”

Albanese told Sky News, “This is a bloke who’s chosen ego and showing violence over common sense.”

“This isn’t about censorship. It’s about common sense and common decency. And Elon Musk should show some,” Albanese told Seven Network.

The regulator’s lawyer, Christopher Tran, had argued Monday in court that geoblocking Australia did not meet the definition of removal of the footage under Australian law.

Tran said the footage was a “graphic and violent video” that would cause “irreparable harm if it’s continuing to circulate.”

X’s lawyer, Marcus Hoyne, said he was unable to get instructions from his San Francisco-based client because it was early Monday morning in the United States.

X did not immediately respond Tuesday when asked if and how the company had complied with the court order.

Musk has described eSafety Commissioner Julie Inman Grant as the “Australian censorship commissar.”

Albanese said on Monday that social media posts, misinformation and dissemination of violent images had exacerbated suffering from the church attack, which the two clerics survived, as well as a knife attack at a Sydney shopping mall two days earlier that killed six people.

X’s Global Government Affairs team said Saturday that Inman Grant ordered it to remove some posts that commented on the church attack, but it said the posts did not violate X’s rules on violent speech.

X said the Australian regulator had demanded the platform “globally withhold these posts or face a daily fine of $785,000.”

“X believes that eSafety’s order was not within the scope of Australian law and we complied with the directive pending a legal challenge,” the Global Government Affairs account said. “While X respects the right of a country to enforce its laws within its jurisdiction, the eSafety Commissioner does not have the authority to dictate what content X’s users can see globally.”

“We will robustly challenge this unlawful and dangerous approach in court,” it added.

The live feed of the church attack and social media posts that followed attracted a crowd of 2,000 people and fueled a riot against police, who barricaded the young suspected attacker inside the place of worship.

The rioting injured 51 police officers and damaged 104 police vehicles, officials said.

Three alleged rioters were arrested by Sunday and police released images Monday of 12 suspects they accuse of being the main instigators of the violence, taken from video of the riot.

A 16-year-old boy accused of the stabbings has been charged with terrorism offences. He has received online condemnation and praise for the attack.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
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Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

US committee releases sealed Brazil court orders to Elon Musk’s X, shedding light on account suspensions

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The secret orders disclosed by the congressional committee had been issued both by Brazil’s Supreme Court and its top electoral court, over which de Moraes currently presides.

A US congressional committee released confidential Brazilian court orders to suspend accounts on the social media platform X, offering a glimpse into decisions that have spurred complaints of alleged censorship from the company and its billionaire owner Elon Musk.

The Republican-controlled House Judiciary Committee late Wednesday published a staff report disclosing dozens of decisions by Brazilian Supreme Court Justice Alexandre de Moraes ordering X to suspend or remove around 150 user profiles from its platform in recent years.

The 541-page report is the product of committee subpoenas directed at X. In his orders, de Moraes had prohibited X from making them public.

“To comply with its obligations under US law, X Corp has responded to the Committee,” the company said in a statement on X on April 15.

The disclosure comes amid a battle Musk has waged against de Moraes.

Musk, a self-proclaimed free-speech absolutist, had vowed to publish de Moraes’ orders, which he equated to censorship. His crusade has been cheered on by supporters of far-right former President Jair Bolsonaro, who allege they are being targeted by political persecution, and have found common cause with their ideological allies in the US.

De Moraes has overseen a five-year probe of so-called “digital militias,” who allegedly spread defamatory fake news and threats to Supreme Court justices. The investigation expanded to include those inciting demonstrations across the country, seeking to overturn Bolsonaro’s 2022 election loss. Those protests culminated in the Jan. 8 uprising in Brazil’s capital, with Bolsonaro supporters storming government buildings, including the Supreme Court, in an attempt to oust President Luiz Inácio Lula da Silva from office.

De Moraes’ critics claim he has abused his powers and shouldn’t be allowed to unilaterally ban social media accounts, including those of democratically elected legislators. But most legal experts see his brash tactics as legally sound and furthermore justified by extraordinary circumstances of democracy imperilled. They note his decisions have been either upheld by his fellow justices or gone unchallenged.

The secret orders disclosed by the congressional committee had been issued both by Brazil’s Supreme Court and its top electoral court, over which de Moraes currently presides.

The press office of the Supreme Court declined to comment on the potential ramifications of their release when contacted by The Associated Press.

“Musk is indeed a very innovative businessman; he innovated with electric cars, he innovated with rockets and now he invented a new form of non-compliance of a court order, through an intermediary,” said Carlos Affonso, director of the nonprofit Institute of Technology and Society. “He said he would reveal the documents and he found someone to do this for him.”

Affonso, also a professor of civil rights at the State University of Rio de Janeiro, said that the orders are legal but do merit debate, given users were not informed why their accounts were suspended and whether the action was taken by the platform or at the behest of a court. The orders to X included in the report rarely provide justification, either.

The Supreme Court’s press office said in a statement Thursday afternoon that the orders do not contain justifications, but said the company and people with suspended accounts can gain access by requesting the decisions from the court.

While Musk has repeatedly decried de Moraes’ orders as suppressing “free speech” principles and amounting to “aggressive censorship,” the company under his ownership has bowed to government requests from around the world.

Last year, for instance, X blocked posts critical of Turkish President Recep Tayyip Erdogan and, in February, it blocked accounts and posts in India at the behest of the country’s government.

“The Indian government has issued executive orders requiring X to act on specific accounts and posts, subject to potential penalties including significant fines and imprisonment,” X’s global affairs account posted on February 21. “In compliance with the orders, we will withhold these accounts and posts in India alone; however, we disagree with these actions and maintain that freedom of expression should extend to these posts.”

Brazil is a key market for X and other social media platforms. About 40 million Brazilians, or about 18% of the population, access X at least once per month, according to market research group eMarketer.

X has followed suspension orders under threat of hefty fines. De Moraes typically required compliance within two hours, and established a daily fine of 100,000 reais ($20,000) for non-compliance.

It isn’t clear whether the 150 suspended accounts represent the entirety of those de Moraes ordered suspended. Until the committee report, it wasn’t known whether the total was a handful, a few dozen or more. Some of the suspended accounts in the report have since been reactivated.

On April 6, Musk took to X to challenge de Moraes, questioning why he was “demanding so much censorship in Brazil”. The following day, the tech mogul said he would cease to comply with court orders to block accounts — and that de Moraes should either resign or be impeached. Predicting that X could be shut down in Brazil, he instructed Brazilians to use a VPN to retain their access.

De Moraes swiftly included Musk in the ongoing investigation of digital militias, and launched a separate investigation into whether Musk engaged in obstruction, criminal organization and incitement. On April 13, X’s legal representative in Brazil wrote to de Moraes that it will comply with all court orders, according to the letter, seen by the AP.

Affonso said the committee’s release of de Moraes’ orders were aimed less at Brazil than at the administration of US President Joe Biden. The report cites Brazil “as a stark warning to Americans about the threats posed by government censorship here at home.”

Terms like “censorship” and “free speech” have turned into political rallying cries for US conservatives since at least the 2016 presidential election, frustrated at seeing right-leaning commentators and high-profile Republican officials booted off Facebook and Twitter in its pre-Musk version for violating rules.

“The reason why the far-right needs him (Musk) is because they need a platform, they need a place to promote themselves. And Elon Musk needs far-right politicians because they will keep his platform protected from regulations,” said David Nemer, a Brazil native and University of Virginia professor who studies social media.

In the US, free speech is a constitutional right that’s much more permissive than in other countries, including Brazil. Still, the report’s release seemed to invigorate Bolsonaro and his far-right supporters.

Late Wednesday, soon after the court orders were released, Bolsonaro capped off a speech at a public event by calling for a round of applause for Musk.

His audience eagerly complied.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
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Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?