Fidelity marks down X valuation by 71.5%

Mutual fund company Fidelity has marked down its investment in X holdings — the parent company of X (formerly Twitter) owned by Elon Musk — by 71.5% from the original valuation of shares, according to a new disclosure. Fidelity spent $19.2 million to acquire a stake in X back in October 2022. The fund manager […]

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Bluesky finally lets users look at posts without logging in

Decentralized social network and Twitter rival Bluesky is finally letting users look at posts on its platform without logging in. People still need an invite to create an account and start posting but can read posts through a link. This move will also let publishers link to or embed Bluesky posts in blogs. Plus, users […]

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Elon Musk’s X suffered yet another global outage

Elon Musk’s social media platform X, formerly known as Twitter, suffered an outage globally earlier Thursday that lasted for more than an hour. The error, the cause of which remains unknown, prevented users from viewing tweets, according to their complaints. X Pro, formerly known as TweetDeck, also faced the outage. While users were able to […]

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It looks like outgoing X (Twitter) links are broken

[Update, 12/13/23, 2:20 PM ET: Okay, it seems like links are working again, such as this one.] If you tried clicking a link on X and got redirected to an error page with spilled ice cream, you’re not alone. It seems that the platform’s legacy shortlink redirection tool, t.co, is broken. In owner Elon Musk’s […]

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Elon Musk says X is bringing video to Spaces soon

Elon Musk has announced that X, formerly Twitter, will be bringing video to Spaces, the social network’s live audio conversation feature. Musk said X plans to launch the feature by the end of the year, but “certainly by early next year.” “From a feature standpoint, we are working on adding video to Spaces,” Musk said. […]

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X begins rolling out Grok, its ‘rebellious’ chatbot, to subscribers

Grok, a ChatGPT competitor developed by xAI, Elon Musk’s AI startup, has officially launched on X, the site formerly known as Twitter. Grok began rolling out late this afternoon to X Premium Plus subscribers in the U.S., “Premium Plus” being X’s plan that costs $16 per month for ad-free access to the social network. Longtime […]

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X is now licensed for payment processing in a dozen US states

Elon Musk is moving forward with his plans to turn the company formerly known as Twitter, now called X, into an “everything app” that includes its own payments system. The company in late November was granted three additional money transmitter licenses in the U.S. states of South Dakota (on Nov. 27), Kansas (on Nov. 28), […]

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X says it will chase SMB ad dollars after Musk’s ‘go f*** yourself’ comments to fleeing advertisers

A new report by the Financial Times says X will now turn to small and medium-sized advertisers to shore up revenue after the company’s owner Elon Musk alienated big brands fleeing X over antisemitic content by telling them they could go fuck themselves during an interview at the New York Times DealBook Summit earlier this […]

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