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Elon Musk Sells Social Media Platform X to His Own AI Startup xAI in a $33 Billion Deal

Tesla and SpaceX CEO Elon Musk announced on Friday that he is selling social media platform X, previously known as Twitter, to his own artificial intelligence startup xAI. Musk confirmed the news via a post on X, saying that it was an all-stock transaction, which...

Wall Street Banks Reportedly Gearing Up to Sell $3 Billion in X Loans

The social media network X, formerly known as Twitter, has gone through many ups and downs since Elon Musk’s buyout, and another one is just around the corner. A group of Wall Street banks is reportedly getting ready to sell up to $3 billion...

X Loses 79% of Its Value, Supposedly Worth $9.4 Billion

Social media platform X (former Twitter) is believed to have lost 79% of its value since being purchased by Tesla and SpaceX CEO Elon Musk for $44 billion in 2022. The newest valuation is based on the recent disclosure report shared by Fidelity’s Blue Chip...

X to Cease its Operations in Brazil

Social media platform X (former Twitter) announced it will cease its operations in Brazil. According to the company, the decision was made due to “threats” made by Brazilian Supreme Court Justice Alexandre de Moraes. Moraes has requested X to suspend accounts that he deemed as...

Court Rules That Elon Musk Doesn’t Need to Pay $500 Million in Severance to Fired Twitter Staffers

X (former Twitter) owner and Tesla CEO Elon Musk won’t have to pay out an additional $500 million in severance to Twitter staffers he fired upon taking over the company in October 2022, according to the ruling of U.S. District Judge Trina Thompson. Courtney McMillian,...

Social Media X (ex-Twitter) Wants to Add a Trading Hub to its App

Social media platform X, previously known as Twitter, is reportedly looking to add a trading hub to its mobile app. The news was first reported by Reuters. According to the report, X executives have already reached out to potential partners that would help them implement...