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Income from ad revenue sharing by X liable to GST, if it exceeds threshold: Experts
- Elon Musk announced that subscribers of X Premium (formerly Twitter) will receive a share in ad revenue. Experts state that this revenue will be subject to an 18% GST tax.
- Individuals will be taxed only if their total income, including ad revenue and other sources like rent and interest, exceeds ₹20 lakh in a year.
- Accounts with over 15 million organic impressions in three months and at least 500 followers are eligible for the revenue sharing program.
- Experts explain that ad revenue from X will be subject to GST, and all sources of income need to be considered to determine if GST registration is required for content creators.
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Elon Musk's X is hiring again, CEO says
- X CEO Linda Yaccarino announces that the company, which had previously reduced its workforce by over half, is now hiring again under Elon Musk's leadership.
- Yaccarino reveals that the company's operational run rate is close to breaking even and that its relationship with advertisers is improving, with some returning to the platform.
- Yaccarino highlights the clear division of roles between herself and Musk, who focuses on technology and product while she handles other aspects.
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Elon Musk’s X cuts eligibility threshold for ad revenue sharing
- X, previously known as Twitter, has modified ad revenue sharing criteria to include more X Premium users.
- The eligibility requirement for ad revenue sharing has been lowered from 15 million impressions in the last three months to 5 million impressions.
- Additionally, X has reduced the minimum payout threshold for users earning from the platform, bringing it down from $50 to $10.
- These changes aim to provide more users with the opportunity to earn from their content on X and make the process more accessible and beneficial.
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Engineer moonlighting as Rapido rider gives customer 'Peak Bengaluru moment'
- A Rapido customer in Bengaluru, India, had a surprising experience when his Rapido rider turned up on a Royal Enfield motorcycle.
- The rider, referred to as the "Captain," was also an engineer with a passion for riding and a DevOps engineer at a company managing enterprise Kubernetes clusters.
- The customer, Nishit Patel, was on his way to a Kubernetes meetup when he booked the Rapido ride. He struck up a conversation with the rider and found out they were both engineers.
- The rider worked for the same company that was curating the event Patel was attending. After the ride, they parted ways, leaving Twitter users amused by the incident.
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Women laid off from Twitter alleges Elon Musk tweeted 'Testosterone rocks' days after female employees were let go
- Former Twitter employees have filed a lawsuit against Elon Musk, accusing him of gender discrimination.
- The lawsuit alleges that Musk tweeted derogatory comments about women, specifically "Testosterone rocks," after firing female employees.
- The layoffs, which occurred after Musk's acquisition of Twitter, disproportionately affected women, Black workers, and employees over 50.
- This isn't the first time Musk and his companies have faced allegations of discrimination, with previous lawsuits and controversies related to similar issues.
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Dating Elon Musk was like the best internship ever: Ex-girlfriend Grimes talks about relationship with Tesla CEO
- Tesla CEO Elon Musk and musician Grimes began dating in 2018 but broke up in 2022 after having two children together.
- Grimes referred to her time with Musk as the "best internship ever," highlighting the learning experience of observing SpaceX's achievements and Musk's leadership qualities.
- Despite the breakup, Musk and Grimes remain on good terms, with Grimes describing Musk as her best friend and the love of her life.
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'Blue tick ke paise vasool,' says influencer after Musk's X pays him Rs 2 lakh
- Indian influencers on Elon Musk's X platform are reportedly earning money after acquiring the blue verification tick.
- Abhishek Asthana, known as @GabbbarSingh, mentioned on X that he earned around Rs 2.1 lakh from impressions generated. He has 1.4 million followers and appeared on Shark Tank India for his social media app Hood.
- Ravi Handa, another influencer, stated he earned $455.75 with approximately 17 million impressions and 25k followers in the last 3 months.
- Elon Musk announced that X has initiated monetization features, allowing verified subscribers to earn advertising revenue. To be eligible, creators need the X Blue subscription, 15 million post impressions in 3 months, and 500 followers
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'What is X Premium for $8 per month?': Wife questions husband in viral chat
- A humorous iMessage exchange between a married couple is going viral online. The wife questions her husband about an $8 monthly charge labeled as "X Premium" on their credit card.
- The subscription is linked to the social media platform previously known as Twitter, now rebranded as "X" under Elon Musk's ownership since November 2022.
- Entrepreneur Alex Cohen shared the screenshot, gaining 15 million views and 105.3k likes. His lighthearted comment suggests he might be in trouble with his wife for the charge.
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Woman tweets about 'unfair' container charge of ₹60; Zomato responds
- A woman in Ahmedabad ordered three plates of theplas for ₹60 each from a restaurant via Zomato. However, she discovered a ₹60 charge for food containers on her bill, prompting her to voice her dissatisfaction on Twitter.
- Zomato responded, explaining that the container charge was imposed by the restaurant itself, and they profit from this practice. They also mentioned that taxes range from 5% to 18% based on the food type.
- The woman expressed her concern about the high and unfair ₹60 container charge, suggesting that restaurants should provide containers without additional cost to customers.
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Woman tweets about 'unfair' container charge of ₹60; Zomato responds
- A woman in Ahmedabad ordered three plates of theplas for ₹60 each from a restaurant via Zomato. However, she discovered a ₹60 charge for food containers on her bill, prompting her to voice her dissatisfaction on Twitter.
- Zomato responded, explaining that the container charge was imposed by the restaurant itself, and they profit from this practice. They also mentioned that taxes range from 5% to 18% based on the food type.
- The woman expressed her concern about the high and unfair ₹60 container charge, suggesting that restaurants should provide containers without additional cost to customers.
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Woman tweets about 'unfair' container charge of ₹60; Zomato responds
- A woman in Ahmedabad ordered three plates of theplas for ₹60 each from a restaurant via Zomato. However, she discovered a ₹60 charge for food containers on her bill, prompting her to voice her dissatisfaction on Twitter.
- Zomato responded, explaining that the container charge was imposed by the restaurant itself, and they profit from this practice. They also mentioned that taxes range from 5% to 18% based on the food type.
- The woman expressed her concern about the high and unfair ₹60 container charge, suggesting that restaurants should provide containers without additional cost to customers.
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Woman tweets about 'unfair' container charge of ₹60; Zomato responds
- A woman in Ahmedabad ordered three plates of theplas for ₹60 each from a restaurant via Zomato. However, she discovered a ₹60 charge for food containers on her bill, prompting her to voice her dissatisfaction on Twitter.
- Zomato responded, explaining that the container charge was imposed by the restaurant itself, and they profit from this practice. They also mentioned that taxes range from 5% to 18% based on the food type.
- The woman expressed her concern about the high and unfair ₹60 container charge, suggesting that restaurants should provide containers without additional cost to customers.
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Woman tweets about 'unfair' container charge of ₹60; Zomato responds
- A woman in Ahmedabad ordered three plates of theplas for ₹60 each from a restaurant via Zomato. However, she discovered a ₹60 charge for food containers on her bill, prompting her to voice her dissatisfaction on Twitter.
- Zomato responded, explaining that the container charge was imposed by the restaurant itself, and they profit from this practice. They also mentioned that taxes range from 5% to 18% based on the food type.
- The woman expressed her concern about the high and unfair ₹60 container charge, suggesting that restaurants should provide containers without additional cost to customers.
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Woman tweets about 'unfair' container charge of ₹60; Zomato responds
- A woman in Ahmedabad ordered three plates of theplas for ₹60 each from a restaurant via Zomato. However, she discovered a ₹60 charge for food containers on her bill, prompting her to voice her dissatisfaction on Twitter.
- Zomato responded, explaining that the container charge was imposed by the restaurant itself, and they profit from this practice. They also mentioned that taxes range from 5% to 18% based on the food type.
- The woman expressed her concern about the high and unfair ₹60 container charge, suggesting that restaurants should provide containers without additional cost to customers.
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Woman tweets about 'unfair' container charge of ₹60; Zomato responds
- A woman in Ahmedabad ordered three plates of theplas for ₹60 each from a restaurant via Zomato. However, she discovered a ₹60 charge for food containers on her bill, prompting her to voice her dissatisfaction on Twitter.
- Zomato responded, explaining that the container charge was imposed by the restaurant itself, and they profit from this practice. They also mentioned that taxes range from 5% to 18% based on the food type.
- The woman expressed her concern about the high and unfair ₹60 container charge, suggesting that restaurants should provide containers without additional cost to customers.
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6 Likes
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