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Social network X is trying to capitalize on the removal of ByteDance apps like TikTok and Lemon8 from U.S. app stores by launching a dedicated vertical video feed. The company is adding a video tab in the app’s bottom bar for users in the U.S. to let them quickly access video content on the platform….
The Securities and Exchange Commission filed a lawsuit against Elon Musk on Tuesday over an alleged securities violation relating to his acquisition of Twitter, now called X. The SEC claims Musk failed to disclose his 5% ownership stake of Twitter in a timely manner, violating federal securities law, according to a complaint filed in federal…
Elon Musk’s AI company, xAI, is testing out a standalone iOS app for its chatbot, Grok, which was available only to X users until now. The app, currently live in Australia and a few countries in beta, can access real-time data from the web and X, and offers generative AI features like rewriting text, summarizing…
X is raising prices for its top-tier subscription service by 37.5%, marking the largest price increase since the platform’s acquisition by Elon Musk in 2022. The Premium+ service costs $22 monthly in the U.S., up from $16, effective December 21, according to a company statement. Annual subscription cost has increased to $229 from $168. X…
Texas Attorney General Ken Paxton announced on Thursday he is opening an investigation into the World Federation of Advertisers (WFA) to determine whether the trade group’s members conspired to boycott “certain social media platforms.” While the press release doesn’t name social media platforms by name, one of them is likely Elon Musk’s X, which filed…
Bluesky, a social network that’s experiencing a surge in users this week as users abandon X, says it has “no intention” of using user content to train generative AI tools. The social network made the announcement on the same day that X (formerly Twitter) is implementing its new terms of service that allow the platform…
Ahead of the polls closing on Tuesday, most of the major AI chatbots wouldn’t answer questions about U.S. presidential election results. But Grok, the chatbot built into X (formerly Twitter), was willing to respond — and often with mistakes. When asked by TechCrunch on Tuesday evening on the East Coast who won the U.S. presidential…
Elon Musk’s X is now valued at less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity. The asset manager, which helped Musk acquire the social network formerly known as Twitter, has further reduced the value of its holding in X to a total markdown of 78.7%…
Elon Musk, the CEO of X and various other companies with the letter “X” in their names, is in regulators’ crosshairs after skipping testimony this month in an investigation related to Musk’s takeover of Twitter. In a filing today, the U.S. Securities and Exchange Commission (SEC) said that it intended to seek sanctions against Musk…
X went back online in Brazil earlier this week, three weeks after Elon Musk’s platform was blocked under orders from Brazil’s Supreme Court. That prompted Brazil’s top court to fine X Corp. nearly $1 million for every day the platform remained accessible in the country. However, Cloudflare’s CEO Matthew Prince tells TechCrunch that X going…