372 articles
TechCrunch
2w
622
Image Credit: TechCrunch
LinkedIn is the Twitter/X rival no one is talking about
- LinkedIn quietly emerges as a formidable Twitter alternative, outpacing rivals in web traffic and app usage. Since Elon Musk's Twitter acquisition, LinkedIn's traffic surged by 18% while X declined by 10%.
- The platform's mobile app downloads remained steady, contrasting with X's 24% drop post-rebranding. Microsoft's addition of gaming and short-form videos aims to attract former Twitter users, especially Gen Z.
- Despite higher subscription costs, LinkedIn's app revenue skyrocketed to $119 million in Q1 2024, surpassing X and Snapchat combined. With its steady growth, LinkedIn poses a significant challenge to traditional social media giants.
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Arstechnica
11h
233
Image Credit: Arstechnica
Bumble apologizes for ads shaming women into sex
- Bumble is apologizing for a tone-deaf ad campaign that shamed women into sex.
- The ads suggested that celibacy was not the answer and encouraged women to continue dating.
- Many users criticized the campaign for promoting incel ideology.
- Bumble issued an apology, stating that the ads were intended to bring joy and humor.
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Silicon
17h
99
Image Credit: Silicon
Federal Court Orders Elon Musk To Testify In SEC Twitter Takeover Probe
- Elon Musk has failed in a bid to avoid being forced to testify again in the ongoing investigation of his $44 billion purchase of X, the network formerly known as Twitter, after a federal court ruled he must comply.
- The SEC began looking into Musk’s disclosure of his initial stake in the company in May 2022, questioning whether he filed the appropriate paperwork.
- Musk then accepted an offer of a seat on X’s board of directors, but just days before he was due to join the board, he suddenly declined.
- Musk then announced his takeover offer for X and signed a deal agreeing to purchase the company for $54.20 per share. Multiple lawsuits were filed against Musk in 2022, with allegations of stock market manipulation.
- The SEC had subpoenaed Musk to testify in the matter but he refused to attend, alleging the investigation was frivolous and that US regulators had leaked information to the media.
- A federal court has now ruled that Musk must comply.
- Musk’s feud with the SEC stems from August 2018 when he tweeted that he had secured funding to take Tesla private; the SEC forced him to step down as chairman of Tesla and pay $20m in penalties. Musk was allowed to retain the Tesla CEO role, but with tweets vetted by a company lawyer.
- Musk has allegedly broken that oversight on multiple occasions and has insulted the SEC over the years, casting doubt on his suitability to lead a publicly traded company.
- The investigation of Musk and X continues to disrupt activity in the sector, ranking as one of the most significant issues affecting the development of interconnectivity between companies.
- SEC has played an important role in maintaining stability and sound governance in world equity, bond, commodity and futures markets. In view of this, it can be safely concluded that its investigations are aimed at maintaining a transparent statement at all times.
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TheNewsCrypto
1d
728
Image Credit: TheNewsCrypto
Federal Court Orders Elon Musk Must Testify in SEC Investigation
- Federal court orders Elon Musk to testify again in the SEC investigation into his Twitter takeover.
- Musk initially refused the SEC interview, citing harassment via subpoenas.
- The investigation focuses on whether Musk violated securities laws during the Twitter acquisition.
- This adds to Musk's ongoing clashes with the SEC since 2018.
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Tech Story
1d
348
Image Credit: Tech Story
According to Musk, Cisgender a Slur on X
- Controversy over the classification of the term 'cisgender' as offensive on social media platform X.
- Elon Musk declared 'cis' and 'cisgender' as derogatory on X and introduced warnings against their usage.
- The decision has faced backlash from the LGBTQ+ community and proponents of gender inclusivity.
- Critics argue that X's policies under Musk's leadership contribute to an unwelcoming environment for transgender individuals.
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StartupDaily
3d
251
Image Credit: StartupDaily
Elon Musk 1, eSafety Commissioner 0, in legal battle over priest stabbing video removal on X
- Elon Musk has won a legal battle against Australia’s eSafety Commissioner over demanding the removal of a video on X (Twitter) showing a bishop being stabbed.
- Justice Geoffrey Kennett's decision limits the powers of the eSafety Commissioner and the country’s Online Safety Act to Australian shores only.
- The Commissioner sought to have the video removed globally, but the court refused to extend the interim injunction.
- X Corp geoblocked the video in Australia but refused to take it down, arguing it was a matter of free speech and vowed to challenge the ruling.
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Idownloadblog
3d
296
Image Credit: Idownloadblog
How to mute, block, unmute people & bots on Twitter
- Learn how to control your Twitter experience by muting or blocking annoying accounts or bots (and unmuting or unblocking them if you change your mind).
- You have the option to mute or block accounts that are abusive, hateful, spamming, or accounts you simply don't want to see on your feed.
- To mute or block, you can tap the three dots icon next to a post or reply, or visit the person's profile and select the mute or block options.
- You can view and manage your mute and block lists from the Settings and Privacy section of the Twitter app.
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Silicon
3d
217
Image Credit: Silicon
Judge Dismisses X Lawsuit Against Data-Scraping Firm
- A California federal judge has dismissed a lawsuit by social media platform X against an Israeli data-scraping company.
- X alleged that Bright Data broke its terms of use by scraping publicly available information from the platform and selling the content.
- The judge ruled that data-scraping tools are not inherently fraudulent and that social media companies should not have the right to decide the use of public information.
- X is not entitled to 'de facto copyright ownership' of copyrighted content made available to the public by its users.
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TheSixthAxis
4d
283
Image Credit: TheSixthAxis
Nintendo to drop support for X, formerly Twitter, on Switch
- Nintendo has announced that they will drop support for X, formerly Twitter, on Nintendo Switch in June 2024.
- The decision comes after Xbox and PlayStation also discontinued their integration with Twitter.
- The reason for dropping support is unclear, but the increased cost of using the Twitter API may have contributed.
- Nintendo's statement outlined the specific services that will be impacted by this discontinuation.
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Tech Story
6d
247
Image Credit: Tech Story
Nintendo Drops X Integration on Switch Nintendo Removes X Integration from Switch: Implications for Gaming and Social Media
- Nintendo has announced the removal of X integration from its Switch gaming console, following similar decisions by Sony and Microsoft.
- The removal of X integration affects functionalities such as posting screenshots and videos directly to X, friend suggestions, and game-specific features.
- This shift in social media integration highlights the growing importance of social media platforms in gaming communities and the impact of pricing changes in X's API model.
- The decision represents a cost-saving measure for gaming giants like Nintendo, but may impact user experience and engagement.
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Cryptonews
6d
136
Image Credit: Cryptonews
Jack Dorsey: Bitcoin Price to Hit $1 Million in 2030
- Twitter co-founder Jack Dorsey predicts that the price of Bitcoin will reach $1 million in 2030.
- He believes that anyone working on Bitcoin or contributing to its improvement is making the entire ecosystem better, leading to an increase in price.
- Dorsey has been actively involved in the Bitcoin ecosystem through his payments firm Block, which has invested in cryptocurrency and developed Bitcoin wallets.
- In addition, Dorsey discussed his ventures in decentralized social media, including his departure from Twitter rival Bluesky and his support for open source social media protocol Nostr.
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Bitcoinmagazine
6d
223
Image Credit: Bitcoinmagazine
Jack Dorsey Predicts Over $1 million Bitcoin Price by 2030
- Jack Dorsey predicts at least $1 million Bitcoin price by 2030.
- Dorsey cites the collaborative Bitcoin ecosystem as a key driver of his bullish forecast.
- He praises Bitcoin's censorship-resistant qualities and its role as a transparent financial system.
- Dorsey has increased his focus on Bitcoin since stepping down from Twitter.
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readwrite
6d
4
Image Credit: readwrite
Jack Dorsey on Elon Musk’s X takeover and why he was right about free speech
- Jack Dorsey supports Elon Musk's actions on X as necessary for free speech.
- Dorsey backs Musk's decision to abandon high-profile advertisers and focus on subscribers instead.
- Brand advertising was Twitter's main income stream, which undermined free speech.
- Dorsey acknowledges the need for a different business model to achieve online freedom.
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Insider
6d
294
Image Credit: Insider
Jack Dorsey said Twitter's board 'has always been a problem' and that he plotted his exit from the firm because of its activist investor
- Jack Dorsey, creator and cofounder of Twitter, criticized the board of the social media firm, saying it had always been a problem.
- Dorsey was happy to see his tenure on the board end, particularly when Elon Musk took Twitter private.
- Pressure from investors looking to replace Dorsey as CEO influenced his decision to leave the company.
- Dorsey also expressed dissatisfaction with an activist investor, Elliott Management, and wanted to avoid running a company influenced by Wall Street.
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Insider
7d
8
Image Credit: Insider
Jack Dorsey defends Musk's Twitter leadership, saying the billionaire slashed the 'critical sin' of its business model
- Jack Dorsey defends Elon Musk's approach to Twitter, stating that his decisions aligned with a push for free speech.
- Dorsey believes Twitter's reliance on brand advertising was a 'core, critical sin' that compromised its moderation.
- Musk's controversial actions led to an advertiser exodus, but Dorsey supports Musk's vision for a censorship-free platform.
- Dorsey explains that Musk's changes, such as revamping the subscription service and reducing reliance on advertisers, aim to build a different business model for Twitter.
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Insider
7d
303
Image Credit: Insider
Jack Dorsey says he quit Bluesky because it was becoming another Twitter
- Twitter cofounder Jack Dorsey left Bluesky, the Twitter alternative he helped create, because he felt it was repeating the mistakes of Twitter as a company.
- Dorsey initially envisioned Twitter as an open-source protocol, but it became a venture-backed, for-profit company.
- He started Bluesky to create an independent, open-source protocol version of Twitter, but got frustrated with its actions and decided to focus on another Twitter alternative called Nostr.
- Dorsey believes that a protocol doesn't need or want a board, and he wanted to support Nostr as a truly open-source protocol alternative to Twitter.
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