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Group representing Meta, X sues Ohio over law that curbs social media usage

A trade group representing TikTok, Snapchat, Meta and other major tech companies sued Ohio on Friday over a pending law that requires children to get parental consent to use social media apps. The law was part of an USD 86.1 billion state budget bill that Republican Gov. Mike DeWine signed into law in July. It's set to take effect January 15. The administration pushed the measure as a way to protect children's mental health, with Republican Lt. Gov. Jon Husted saying at the time that social media was intentionally addictive and harmful to kids. The NetChoice trade group filed its lawsuit against GOP Attorney General Dave Yost in U.S. District Court for the Southern District of Ohio. It seeks to block the law from taking effect. The litigation argues that Ohio's law which requires social media companies to obtain a parent's permission for children under 16 to sign up for social media and gaming apps unconstitutionally impedes free speech and is overbroad and vague. The law also ..

Cybercriminals using Twitter Gold to for spreading disinformation: CloudSEK

'The ease of obtaining Twitter Gold has attracted malicious actors who are purchasing and compromising accounts to further their nefarious activities,' read an official release from CloudSEK

Value of Elon Musk's X cut by another fidelity writedown, shows report

Fidelity cut by a further 11 per cent the value of its holding in X as of the end of November, the report said, citing the latest portfolio update for its Blue Chip Growth Fund

Elon Musk's X fails to block US content moderation law on disclosure

In an eight-page ruling Thursday, a federal judge in Sacramento rejected arguments by the company formerly known as Twitter that the measure violates the free-speech rights of social media platforms

Global corporate landscape 2023: Mergers, closures, and leadership shifts

From acquisitions & mergers to resignations 2023 has been a year of significant milestones in the global corporate world. Here is a recap on all the major event that unfolded in 2023

PM Modi's YouTube channel reaches 20M subscribers, most among world leaders

Compared to PM Modi, US President Joe Biden has 794,000 subscribers on YouTube. UK Prime Minister Rishi Sunak, on the other hand, has 589,000 subscribers on the video-sharing platform

X suffers biggest outage since Musk's takeover as over 94k users report it

More than 94,000 users of X had reported issues with the site at 1:41 p.m. Hong Kong time on Thursday, according to Downdetector, which tracks website and service interruptions

X back to normal after facing snag for over an hour on December 21

According to Downdetector, reports of outages on X rose from 5 at 10:46 am on Thursday to 4,773 at 11:14 am

Delhi Police tracks down 4 suspects in deepfake case of Rashmika Mandanna

Four suspects involved in uploading a deepfake video of actor Rashmika Mandana online have been tracked and the hunt is on to nab the main conspirator, police said on Wednesday

EU investigating Elon Musk's X over possible breaches of social media law

European Union are looking into whether Elon Musk's online platform X breached tough new social media regulations in the first such investigation since the rules designed to make online content less toxic took effect. Today we open formal infringement proceedings against @X under the Digital Services Act, European Commissioner Thierry Breton said in a post on the platform Monday. The Commission will now investigate X's systems and policies related to certain suspected infringements, spokesman Johannes Bahrke told a press briefing in Brussels. It does not prejudge the outcome of the investigation. The investigation will look into whether X, formerly known as Twitter, failed to do enough to curb the spread of illegal content and whether measures to combat information manipulation," especially through its Community Notes feature, was effective. The EU will also examine whether X was transparent enough with researchers and will look into suspicions that its user interface, including fo

Elon Musk's X 2023 advertising revenue projected to slump to about $2.5 bn

X executives had originally targeted $3 billion in revenue from advertising and subscriptions in 2023, but will fall far short of that number, one of the people said

More than 10 million people signed up for X in December, says CEO

X, which does not regularly release user data, could not immediately be reached for comment on how the December sign-ups compared to average or why Yaccarino disclosed the figure

Elon Musk lashes out again at Bob Iger after Disney pulls ads from X

In a series of posts Thursday, Tesla's CEO appeared to refer to the box-office performance of some recent Disney films, saying Iger "drops more bombs than a B-52

After Elon Musk tirade, X faces prospect of more advertisers fleeing

Walt Disney and Warner Bros. Discovery suspended advertising on X earlier this month following Musk's endorsement of an antisemitic post

CEO Linda Yaccarino's memo to X staff calls Musk 'candid and profound'

"Our principles do not have a price tag, nor will they be compromised - ever," Yaccarino wrote Thursday, a day after Musk told former advertisers including Walt Disney Co. to go "f--" themselves

Elon Musk, slinging expletives, says advertiser boycott on X may kill it

Musk took the stage at the DealBook conference following a tumultuous few weeks for the world's richest person, with a net worth of around $226 billion

Those who cannot handle reality will leave X: Musk due to Community Notes

Musk noted that people, however, will increasingly come to know that X is the "best source of truth," which would result in a rise in the number of users on the social media platform

Paris mayor quitting Musk's 'global sewer' platform X ahead of Olympics

The mayor of future Olympic host city Paris says she is quitting X, accusing Elon Musk 's platform previously known as Twitter of spreading disinformation and hatred and of becoming a gigantic global sewer that is toxic for democracy and constructive debate. With its thousands of anonymous accounts and its troll farms, life on Twitter is the exact opposite of democratic life, Mayor Anne Hidalgo said in a long post titled, Why I am leaving Twitter. I refuse to endorse this evil scheme, she wrote. An Associated Press request for comment emailed to X got an automated reply, Busy now, please check back later. Hidalgo's office said posts on Monday in French and English that announced her departure from X would be the Socialist mayor's last and that she will then close her account which has 1.5 million followers at the end of the week. Her office said that Paris City Hall is keeping its own separate account on X. Hidalgo's withdrawal from X follows a fractious period for the mayor. S

In Israel, Musk meets Netanyahu as accusations of antisemitism on X grow

Elon Musk, who's been under fire over accusations of antisemitism flourishing on his social media platform X, paid a visit Monday to Israel, where he toured a kibbutz that was attacked last month by Hamas militants and was set to meet with top leaders. The billionaire and Israeli Prime Minister Benjamin Netanyahu toured the Kfar Azza kibbutz, which was stormed by Hamas militants on Oct 7. Musk, wearing a protective vest and escorted by a phalanx of security personnel, used his phone to take photos or videos of the devastation, according to video released by Netanyahu's office. Musk also was due to meet Israeli President Isaac Herzog and Benny Gantz, a former defense minister who's now part of a special war Cabinet. Government spokesperson Eylon Levy declined to say whether Musk was invited or came on his own. X, formerly known as Twitter, did not respond to a request for comment. Israel's communications minister, Shlomo Karhi, tweeted earlier Monday about a deal that his ministry h

Musk to discuss rising online antisemitism with Israeli President Tuesday

Musk is currently in Israel and is also expected to meet Prime Minister Benjamin Netanyahu during his visit