Steam Offers $50 Free Store Credit for 24 Hours
A giveaway is offering a chance to win $50 USD in Steam store credit by following specific steps on X (formerly Twitter), including joining their Discord, with the contest ending on July 21st.
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X Formerly Twitter
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Fidelity Increases Valuation of Musk's X and xAI Investments
Fidelity has increased the valuation of its stake in Elon Musk's X (formerly Twitter) by 32.37% in October, despite still valuing the company significantly lower than Musk's 2022 purchase price. This adjustment is likely linked to Fidelity's investment in Musk's AI startup xAI, which saw a 70% markup in its shares. The move precedes Donald Trump's election victory, which boosted traffic on X but also led users to rival platforms.
Musk's X Battles The Onion Over Infowars Account Ownership
Elon Musk's social media platform X is intervening in the bankruptcy sale of Alex Jones' Infowars, marking an unprecedented move by a social media company in a legal dispute over account ownership. X objects to the sale of Infowars' X accounts, citing its terms of service that accounts cannot be sold and are owned by X. This intervention is seen as Musk flexing his influence and potentially setting a legal precedent, as social media platforms typically avoid public court battles over account ownership.
Bluesky Gains Traction as Users Flee Musk's X
Bluesky, a social media platform, has seen a surge in users migrating from Elon Musk's X (formerly Twitter) due to weakened content moderation and increased hate speech on X. Bluesky enforces strict community guidelines against hate speech and has developed a culture of etiquette policing, with users actively blocking accounts perceived as hateful. The platform has become a hub for left-wing content, attracting users like Don Lemon and journalists who criticize X's environment. Despite its growth, some warn that Bluesky's left-leaning nature may alienate working-class Americans, similar to other niche platforms like Mastodon and Truth Social.
Major Brands Return to X, Boosting Elon Musk's Platform After Boycott
Major brands like IBM, Disney, Comcast, and Warner Bros. Discovery have resumed advertising on X, formerly known as Twitter, after a year-long boycott over brand safety concerns. Elon Musk expressed gratitude for their return and acknowledged the efforts of X CEO Linda Yaccarino in restoring advertiser confidence. Despite this positive development, a Kantar survey indicates a potential decline in ad spending on X in the coming years, as some companies remain cautious about the platform's content.
Bluesky Gains Momentum as Users Flee X for New Social Media Options
Bluesky, a microblogging platform originally a Twitter project, has seen a surge in new users as people seek alternatives to X, formerly Twitter, following Elon Musk's support for Donald Trump in the US election. This shift comes amid concerns over increased toxic content and Musk's influence on X. Major brands and celebrities are leaving X, citing its polarizing nature and Musk's rhetoric. Bluesky has gained over 1 million new users recently, reflecting a broader trend of users migrating to other platforms.
Bluesky Gains Traction Amid Mass Exodus from Musk's X
Elon Musk's social media platform X is losing users to competitors like Threads and Bluesky, as many users cite Musk's political affiliations and the platform's increasingly toxic environment as reasons for leaving. Since Musk's acquisition, X has seen a consistent decline in daily active users, despite occasional upticks. This shift marks a broader trend of social media fragmentation, with users spreading across multiple platforms rather than congregating on a few dominant ones.
The Guardian Leads Exodus from X Amidst Rising Concerns
The Guardian newspaper has decided to stop posting content on the social media platform X, formerly known as Twitter, citing concerns over the platform's promotion of disturbing content, including far-right conspiracy theories and racism. The decision comes amid increasing scrutiny of X's influence on political discourse, particularly following Elon Musk's support for Donald Trump and his administration. Despite the move, The Guardian will still allow its articles to be shared on X and may occasionally embed X content in its articles.
Major Media Outlets and Users Flee X Amidst Growing Exodus
Prominent accounts on X, including The Guardian, Don Lemon, and Jamie Lee Curtis, are leaving the platform following Donald Trump's re-election, citing concerns over far-right promotion and Elon Musk's influence. The Guardian criticized X for spreading conspiracy theories and racism, while Lemon objected to new legal terms favoring conservative courts. Curtis deactivated her account without specifying reasons. This exodus reflects broader dissatisfaction with Musk's ownership and the platform's political leanings.
Musk and Trump: The Power Duo Shaping Social Media's Future
Elon Musk's support for Donald Trump is prompting some advertisers to consider returning to X (formerly Twitter) to gain favor with the potential new administration. Despite a significant drop in revenue and valuation since Musk's acquisition, some brands see X as a strategic channel for political leverage, especially with Musk's potential role in a Trump administration. However, many advertisers remain cautious due to concerns over content moderation and the platform's reputation. X's advertising revenue has declined, but some new advertisers have emerged, and Musk is actively engaging with brands to encourage their return.
Mass Exodus from X: Major Accounts Flee Musk's Platform
The Guardian has decided to stop posting on X, formerly known as Twitter, citing the platform's "toxic" environment and its role in shaping political discourse under Elon Musk's ownership. The newspaper expressed concerns over disturbing content and Musk's support for Donald Trump. Despite this, The Guardian will allow article sharing and continue using X for news-gathering. The decision aligns with its stance as a liberal voice opposing Trump, and it has seen a surge in reader donations post-election. This move raises questions about whether other media outlets will follow suit, as platforms like Meta's Threads and Bluesky gain traction.
Bluesky Gains a Million Users as Discontent Grows with Musk's X
Following Donald Trump's reelection, Bluesky, a decentralized social media platform, gained a million new users as many left X (formerly Twitter), which has become more aligned with far-right politics under Elon Musk's ownership. Bluesky, known for its transparency and user safety, appeals to those disenchanted with X's political climate. Meanwhile, Threads, another competitor, continues to grow, though it hasn't reported a similar spike in users. The shift indicates a realignment in social media preferences as users seek alternatives to X.
Berlin Film Festival Cuts Ties with Musk's X
The Berlin Film Festival has announced its decision to leave Elon Musk's social media platform X by the end of 2024, following a similar move by the Venice Film Festival. The Berlinale's departure is likely influenced by Musk's political leanings and the platform's shift towards right-wing voices, which contrasts with the progressive values of European cultural institutions. The festival will focus its social media presence on platforms like Instagram, Facebook, and YouTube instead.
Elon Musk Relocates SpaceX and X HQs to Texas Over California's Transgender Law
Elon Musk announced plans to move the headquarters of SpaceX from Hawthorne, California to Starbase, Texas, and the headquarters of social media company X from San Francisco to Austin, Texas. Musk cited a new California law regarding gender identification in schools as a key reason for the move. This follows Tesla's headquarters relocation to Austin in 2021 and Musk's personal move to Texas.
Elon Musk Relocates X and SpaceX HQs from California to Texas
Elon Musk announced that the headquarters of his companies SpaceX and X (formerly Twitter) will relocate from California to Texas, citing a new California law and local issues as reasons. The move has drawn mixed reactions from California leaders, including Governor Gavin Newsom and State Senator Scott Wiener. Musk previously moved Tesla's headquarters to Texas in 2021.