The Chhattisgarh

Tag: x

  • X, Formerly Twitter, May Go Bankrupt Under Elon Musk If Advertisers Keep Fleeing |

    London: The loans Elon Musk took out to buy Twitter (now called X) was about $13 billion and the social media company has to pay about $1.2 billion in interest payments every year.

    As big advertisers quit the platform and X cannot pay the interest on its loans or pay employees, then it could actually go bankrupt, the BBC reported on Sunday. “But that would be an extreme scenario that Musk would surely want to avoid,” the report mentioned.

    However, for a company he bought for $44 billion, bankruptcy might sound unthinkable but “it is possible”. Disney and Apple are no longer advertising on X and Musk told companies last week to “Go f*** yourself.”

    Retail giant Walmart has confirmed that it is not advertising on X. “We aren’t advertising on X as we’ve found other platforms to better reach our customers,” a Walmart spokesperson was quoted as saying in reports.

    The departure of Walmart adds to the growing list of firms leaving X after Musk endorsed an antisemitic post last month (for which, he apologised last week). Apple, Disney, IBM, Comcast and Warner Bros. Discovery are among the companies no longer buying ads on X.

    Last year, around 90 per cent of X’s revenue came from advertising. Not any more. Musk has warned that the loss of big advertisers would spell the end of X. “If the company fails, it will fail because of an advertiser boycott. And that will be what bankrupts the company.” he said.

    “What this advertising boycott is going to do is kill the company. And the whole world will know that those advertisers killed the company, and we will document it in great detail,” Musk had told the audience at The New York Times’ DealBook Summit.

    In 2022, Twitter’s advertising revenue was around $4 billion. Insider Intelligence estimates that this year, it will drop to $1.9 billion. After Musk’s outburst against big advertisers, X is reportedly aiming to tap small and medium businesses (SMBs) to offset the advertising loss from big companies.

    A new report by The Financial Times has claimed X will now turn to SMBs to shore up revenue after Musk angered big brands by supporting antisemitic content.

    “Small and medium businesses are a very significant engine that we have definitely underplayed for a long time,” a company spokesperson was quoted as saying. “It was always part of the plan, now we will go even further with it,” the company added.

  • Israel-Hamas War: Elon Musk’s company takes action against Hamas! More than 100 ‘X’ accounts closed

    Israel-Hamas War: The ongoing war between Israel and Hamas is about to complete one week. So far, about 3 thousand people have lost their lives in this war. It started with Hamas’s attack on Israel. Hamas terrorists entered Israel and brutally killed innocent children, elderly people and women. In retaliation, Israel has hit the main base of Hamas in ‘Gaza Strip’ with bombs and missile attacks. Common people are losing their lives on both sides. Meanwhile, social media is being used to portray Hamas as a victim of this war and create an atmosphere in its favor. Elon Musk’s social media platform X (formerly Twitter) has taken major action against such people. X has closed more than 100 accounts related to Hamas. The company was warned about this by the European Union. X CEO Linda Yaccarino has confirmed that after the Israel-Hamas war, hundreds of accounts have been closed and the content of many accounts has been blocked. These handles were associated with Hamas and were spreading misinformation. In a post, X CEO Linda Yaccarino wrote that in response to Hamas’s terrorist attack on Israel, we have redistributed resources and refocused on internal teams, who are working around the clock to deal with this situation. Are.

    Everyday we’re reminded of our global responsibility to protect the public conversation by ensuring everyone has access to real-time information and safeguarding the platform for all our users. In response to the recent terrorist attack on Israel by Hamas, we’ve redistributed… https://t.co/VR2rsK0J9K— Linda Yaccarino (@lindayaX) October 12, 2023

    It is noteworthy that after the attack on Israel, many photos and videos were made viral on Facebook. Some of these were extremely objectionable. In many videos terrorists were seen killing people. The European Union had asked to take strict action against accounts sharing such videos. After this warning, immediate action was taken by X. If X did not take action, he could have been fined or banned.

  • X is no longer free! Elon Musk is ‘demanding’ Rs 83 for tweeting

    Social media platform ‘X’, formerly known as Twitter, is planning to charge an annual fee from users. You read it right! Elon Musk’s company will no longer be free. According to a report, X has said that it is going to charge users a fee of $ 1 every year under a new subscription model. This fee will have to be paid for posting content, replying, likes and repost. The new subscription model has been named ‘Not A Bot’. Money will have to be paid for creating an account. Those who create a new account on Twitter will have to pay money. Users who do not pay will only be able to read the content. X argues that by doing this it wants to deal with bots and spammers. Money started being taken in these countries. It has been told on the support handle of X that testing of ‘Not a Bot’ has started in New Zealand and Philippines. It says that new, unverified accounts will be required to pay a fee of $1 per year to interact with tweets and other posts. However, this testing will not have any impact on existing users.

    Starting today, we’re testing a new program (Not A Bot) in New Zealand and the Philippines. New, unverified accounts will be required to sign up for a $1 annual subscription to be able to post & interact with other posts. Within this test, existing users are not affected.This…— Support (@Support) October 17, 2023

    The company has said that the purpose of this program is not to earn profits. This is an attempt to reduce spam and bot activities. 1 dollar means that users in India will have to pay about Rs 83 every year to use X. (Prices vary by country and currency)The company already has an ‘X Premium’ subscription model. For this the company is charging up to Rs 900 every month. The charge for the web version is Rs 650 per month. Android and iOS users have to pay up to Rs 9,400 every year for annual subscription.

  • X is no longer free! Elon Musk is ‘demanding’ Rs 83 for tweeting

    Social media platform ‘X’, formerly known as Twitter, is planning to charge an annual fee from users. You read it right! Elon Musk’s company will no longer be free. According to a report, X has said that it is going to charge users a fee of $ 1 every year under a new subscription model. This fee will have to be paid for posting content, replying, likes and repost. The new subscription model has been named ‘Not A Bot’. Money will have to be paid for creating an account. Those who create a new account on Twitter will have to pay money. Users who do not pay will only be able to read the content. X argues that by doing this it wants to deal with bots and spammers. Money started being taken in these countries. It has been told on the support handle of X that testing of ‘Not a Bot’ has started in New Zealand and Philippines. It says that new, unverified accounts will be required to pay a fee of $1 per year to interact with tweets and other posts. However, this testing will not have any impact on existing users.

    Starting today, we’re testing a new program (Not A Bot) in New Zealand and the Philippines. New, unverified accounts will be required to sign up for a $1 annual subscription to be able to post & interact with other posts. Within this test, existing users are not affected.This…— Support (@Support) October 17, 2023

    The company has said that the purpose of this program is not to earn profits. This is an attempt to reduce spam and bot activities. 1 dollar means that users in India will have to pay about Rs 83 every year to use X. (Prices vary by country and currency)The company already has an ‘X Premium’ subscription model. For this the company is charging up to Rs 900 every month. The charge for the web version is Rs 650 per month. Android and iOS users have to pay up to Rs 9,400 every year for annual subscription.

  • Elon Musk’s company

    Australia fined Elon Musk’s According to the report of news agency Reuters, Australia’s e-Safety Commissioner has imposed a fine of 3 lakh 86 thousand dollars (about Rs 3 crore 21 lakh 16 thousand) on X. This action has been taken for not cooperating on questions related to child sexual exploitation. The company was asked how it deals with the spread of child sexual abuse, sexual harassment and livestreaming of child sexual abuse. The company failed to answer these questions properly. According to the report, Australia’s eSafety Commissioner Julie Inman Grant said Ax has publicly stated that tackling child sexual exploitation is its first priority. But it can’t be just talk, we need to take concrete action. X has 28 days. The company will have to respond to the fine imposed on it or pay the fine within the stipulated time. It has been reported that the company failed to answer some questions asked in this matter. However, this matter is not limited to X only. The Australian E-Safety Office had sent a legal memo to some companies including Google, TikTok, Twitch and Discord, asking questions regarding child exploitation content. There is no information yet regarding the response of other companies. At present, it has come to light that a fine will be imposed on X. Talking about other news related to X, recently the company has closed more than 100 accounts related to Hamas. X was warned about this by the European Union. X CEO Linda Yaccarino has confirmed that after the Israel-Hamas war, hundreds of accounts have been closed and the content of many accounts has been blocked. These handles were associated with Hamas and were spreading misinformation.

  • Israel-Hamas War: Elon Musk’s company takes action against Hamas! More than 100 ‘X’ accounts closed

    Israel-Hamas War: The ongoing war between Israel and Hamas is about to complete one week. So far, about 3 thousand people have lost their lives in this war. It started with Hamas’s attack on Israel. Hamas terrorists entered Israel and brutally killed innocent children, elderly people and women. In retaliation, Israel has hit the main base of Hamas in ‘Gaza Strip’ with bombs and missile attacks. Common people are losing their lives on both sides. Meanwhile, social media is being used to portray Hamas as a victim of this war and create an atmosphere in its favor. Elon Musk’s social media platform X (formerly Twitter) has taken major action against such people. Ax has closed more than 100 accounts related to Hamas. The company was warned about this by the European Union. X CEO Linda Yaccarino has confirmed that after the Israel-Hamas war, hundreds of accounts have been closed and the content of many accounts has been blocked. These handles were associated with Hamas and were spreading misinformation. In a post, X CEO Linda Yaccarino wrote that in response to Hamas’ terrorist attack on Israel, we have redistributed resources and refocused on internal teams, who are working around the clock to deal with this situation. Are.

    Everyday we’re reminded of our global responsibility to protect the public conversation by ensuring everyone has access to real-time information and safeguarding the platform for all our users. In response to the recent terrorist attack on Israel by Hamas, we’ve redistributed… https://t.co/VR2rsK0J9K— Linda Yaccarino (@lindayaX) October 12, 2023

    It is noteworthy that after the attack on Israel, many photos and videos were made viral on Facebook. Some of these were extremely objectionable. In many videos terrorists were seen killing people. The European Union had asked to take strict action against accounts sharing such videos. After this warning, immediate action was taken by X. If X did not take action, he could have been fined or banned.