The platform, previously recognized as Twitter, is now valued at less than half of the amount Elon Musk had paid for it a year ago. The restricted stock units granted to employees value the company at $19 billion, or $45 a share, according to a person familiar with the matter. A year ago, Musk bought Twitter Inc. for $44 billion. After the takeover, most of Twitter’s staff were fired or resigned. Musk renamed the company X, changed some of its content rules, and lost more than half of its advertising…

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Elon Musk has announced that X, the social network formerly known as Twitter, will no longer pay for corrections to posts, as the platform faces increasing backlash for spreading misinformation. Since Musk took over the platform a year ago, he has significantly reduced content moderation, reinstated accounts of previously banned extremists, and introduced the option for users to buy account verification, enabling them to benefit from viral posts that are frequently misleading. Instead, Musk has touted Community Notes, where X users moderate the platform, as a tool to combat misinformation.…

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Elon Musk, the billionaire and recent owner, made a significant entrance into Twitter’s San Francisco headquarters a year ago. He brought along a white bathroom sink and a smile, promptly dismissed the CEO and other high-ranking officials, and initiated a complete overhaul of the social media platform, resulting in its current identity as X. X looks and feels somewhat like Twitter, but the more time you spend with it, the more it becomes clear that it’s only an approximation. Musk has dismantled Twitter, the core features of what makes Twitter…

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In an effort to boost revenue, Elon Musk’s X introduced new subscription levels for users on Friday at the social media company. Subscribers have the option of paying $3 a month for a basic tier that offers features such as the ability to edit posts and upload longer videos, according to the company formerly known as Twitter Inc. We are now on WhatsApp. Click to join. Web users can pay $8 per month for the premium tier or $16 per month for the premium tier , to get additional benefits…

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Elon Musk-run X (formerly Twitter) has announced two new subscription options for its users on its platform. One of these is the Premium+ tier, which is available for around $16 per month and includes all the tools and features the platform offers minus the ads. “Introducing Premium+ – no ads for you or in the following sections. the biggest boost to your responses (compared to other Premium tiers or non-verified users). Access to our full suite of creator tools. Now available online,” the social media app wrote. From now on,…

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Yesterday, X (previously known as Twitter) introduced two additional subscription levels to its paid platform, called X Premium subscription. The social media platform, owned by Elon Musk, now offers a Basic, Premium, and Premium Plus tier, catering to users who desire features like post editing, longer posts, and background video playback. Each tier provides specific benefits, with the highest-priced plan, Premium Plus, granting access to all features, eliminating ads, and offering the “greatest enhancement for your replies.” Let’s delve into the details of each tier, their respective prices, and the…

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In 2024, X (previously known as Twitter) will introduce financial features, including payment-related options. Elon Musk, the company owner, expressed his belief that these features will be so influential that traditional bank accounts will no longer be necessary. Musk made this significant announcement during X’s inaugural all-hands meeting, which was attended by CEO Linda Yaccarino. This development aligns with Yaccarino’s vision of transforming X into a super app, and the introduction of financial features may mark the platform’s initial shift away from its social media origins. “When I talk about…

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In September, traffic on X (formerly Twitter) fell from 6.4 billion to 5.8 billion, a 10 percent loss, according to new SamanWeb data. X has now dropped to seventh in the global ranking behind Instagram. Of the 176 countries that visited Twitter in September, 83% saw a month-over-month decrease in visits. X (formerly Twitter) traffic fell by 600 million from 6.4 billion to 5.8 billion in September, new figures show. “SimilarWeb traffic shows that Twitter is rapidly losing traffic and has already fallen in the global rankings. Since Musk took…

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X, the social media platform previously known as Twitter, has revealed that it considers YouTube and LinkedIn as potential rivals in the future. The company’s executives also shared their plans to explore video-related ventures and expand their workforce. Owner Elon Musk and CEO Linda Yaccarino invited the two sites to a company-wide meeting Thursday to celebrate one year since Musk bought Twitter Inc., according to a person familiar with the matter. The two also hinted at efforts to create a news service called XWire to compete with Cision’s PR Newswire,…

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X, previously recognized as Twitter, was acquired by Elon Musk a year ago, embarking on a tumultuous path that has led to financial losses, a decline in advertisers, and a loss of trust. Musk closed the $44 billion deal on October 27, 2022, and was the subject of a lawsuit that forced him to comply with purchase terms he wanted to escape. Here’s a look at Musk’s first year as the platform’s owner. – The sense of family gone – In the days following his purchase, Musk quickly fired the…

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Since Elon Musk assumed control of X (previously known as Twitter), the platform has experienced numerous transformations. With the aim of transforming it into a powerful application capable of rivaling China’s WeChat, the microblogging platform has incorporated various new features and undergone a complete rebranding, resulting in the replacement of Larry the Bird with an X. However, not all users are pleased with the extensive changes being implemented on the platform, with some criticizing them as overly strict. Most recently, it was revealed that X would introduce a three-tier subscription…

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