#Musk
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Elon Musk’s X Makes a Comeback in Brazil After Court Showdown
Following a conflict with local authorities over accusations of spreading disinformation, the social media platform X is set to relaunch in Brazil. Elon Musk had to comply with court orders to unblock access to the platform. In legal battles with independent judicial systems, it becomes clear that charisma and wealth don't protect anyone from accountability.
xAI and Oracle: $10 Billion Deal Falls Through
xAI, a company specializing in building artificial intelligence, failed to reach an agreement with Oracle to expand its computing capacity lease. The deal faltered due to unrealistic deadlines set by Elon Musk and potential issues with the power supply at the site proposed by xAI staff. EU May Consider Musk’s Entire Business Empire When Fining X
Lawmakers in the European Union are weighing the option of calculating fines for X by factoring in the revenue streams from Elon Musk’s other enterprises, such as SpaceX and Neuralink. This could lead to a steep rise in potential financial penalties for Musk over breaches in content moderation.
Fidelity Cuts Valuation of Elon Musk's Social Media Company
Fidelity, an investment company, reports that the value of X has plummeted by 4х since Elon Musk's purchase. Musk bought the social platform for $44 billion, utilizing personal funds, loans, and other resources, before taking the company private—removing it from the stock market.
Scottish Politician Prepares Legal Action Against Elon Musk
Scotland's politician Humza Yousaf intends to sue billionaire Elon Musk, who publicly labeled him a "super racist" against white people. Musk's comment came after Yousaf's speech in the Scottish Parliament, where he addressed issues of racial discrimination and societal tolerance. The EU Threatens to Fine X
The European regulator may impose a fine equivalent to 6% of the total revenue on Elon Musk’s social media platform X for its failure to address illegal content. This measure will be considered if the company does not implement the necessary changes following its next official warning.