HomeBusinessMusk's X to fund...

Musk’s X to fund legal bills of people ‘unfairly treated’ for posting on platform


‘X’ logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File photo

Aug 5 (Reuters) – Elon Musk has said his X social media platform will fund the legal bills of people who have been treated unfairly by employers because of posting or liking something on the site formerly known as Twitter.

“If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill,” Musk said in a post on X, adding that there will be no limits to funding the bills.

Late last month, Musk said that monthly users of X reached a “new high” and shared a graph that showed the latest count as over 540 million.

The figures came as the company is going through organizational changes and is looking to boost dropping advertising revenue.

It was also the latest in a series of comments from X executives claiming strong traction in usage, after Meta Platforms (META.O) launched a direct competing platform called Threads on July 5.

After 17 years with an iconic blue bird logo that came to symbolize the broadcasting of ideas to the world, billionaire Musk renamed Twitter as X and unveiled a new logo in July, marking a focus on building an “everything app.”

Musk earlier in July had said that the platform’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load. An upturn in advertising revenue that had been expected in June failed to materialise.

Reporting by Juby Babu in Bengaluru; Editing by Tom Hogue & Simon Cameron-Moore

Our Standards: The Thomson Reuters Trust Principles.



Source link

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

On the radar: Three Cabinet Secretaries to appear before Senators

Cabinet Secretaries Kithure Kindiki (Interior), Mithika Linturi (Agriculture) and...

Strus’ 59-foot buzzer beater lifts Cavs over Mavs

CLEVELAND — The best pass of Evan Mobley’s life, the...

Texas’ win marred as angry TTU fans throw bottles

LUBBOCK, Texas -- Dylan Disu scored 21 points, Max Abmas...

Read Now

Stock futures inch lower Wednesday as investors await fresh inflation data: Live updates

Traders on the floor of the New York Stock Exchange on April 14, 2022.Source: NYSEStock futures ticked lower Wednesday as investors looked ahead to a key inflation report due later this week.Futures tied to the Dow Jones Industrial Average slipped 40 points, or 0.1%. S&P 500...

On the radar: Three Cabinet Secretaries to appear before Senators

Cabinet Secretaries Kithure Kindiki (Interior), Mithika Linturi (Agriculture) and Zacharia Njeru (Water) are scheduled to appear before the Senate plenary.The trio will appear to respond to questions from members. Kindiki is expected to provide a status update on investigations into the inter-communal clashes that occurred...

Strus’ 59-foot buzzer beater lifts Cavs over Mavs

CLEVELAND — The best pass of Evan Mobley’s life, the worst tackle of Caris LeVert’s and only the second-best buzzer beater to win a game in Max Strus’ nearly 28 years on this planet.This is what pandemonium looked like Tuesday night in Cleveland.Strus unleashed a 59-footer...

Texas’ win marred as angry TTU fans throw bottles

LUBBOCK, Texas -- Dylan Disu scored 21 points, Max Abmas added 18 and Texas rode a big first half to a 81-69 victory over Texas Tech on Tuesday night in a game that included a significant delay after fans threw objects onto the floor.Midway through the...

UAE vs Canada, ICC Cricket World Cup League 2, Live Score: Toss At 11:00 AM IST

UAE vs Canada Live Score: UAE will take on Canada in the 7th match of the ICC World Cup League 2 2023-2027. UAE will be keen to perform well and qualify for the ODI World Cup 2027. UAE have named a strong squad for the series,...

Apple kills its electric car project: sources

STORY: Apple has hit the brakes on its project to create an electric car a source told Reuters Tuesday its cancelling work on the idea altogether.Bloomberg , which also reported the development, said employees working on Apple’s EV will shift instead to a unit for AI.Apple...

Nintendo Sets Its Sights On Switch Emulator Yuzu In New Lawsuit

When he’s not paying off a loan to Tom Nook, Liam likes to report on the latest Nintendo news and admire his library of video games. His favourite Nintendo character used to be a guitar-playing dog, but nowadays he prefers to hang out with Judd the...

Royals mourn Prince Michael of Kent’s son-in-law – BBC News

By Sean CoughlanRoyal correspondent27 February 2024Updated 9 hours agoImage source, Lady Gabriella Kingston/ Buckingham PalaceA Buckingham Palace spokesman said that King Charles and Queen Camilla "join Prince and Princess Michael of Kent and all those who knew him in grieving a much-loved member of the family".He...

3 keys to BYU’s stunning 76-68 win over No. 7 Kansas

LAWRENCE, Kansas — BYU picked up its biggest win in the Mark Pope era Tuesday night at Phog Allen Fieldhouse, stunning No. 7 Kansas 76-68 in a pivotal Big 12 game.The Cougars (8-7, 20-8) trailed by as many as 12 points in the second half before...

Ole Anderson, Original Member of Four Horsemen Wrestling Team, Dies at 81

Ole Anderson, a professional wrestler who starred as an original member of the Four Horsemen team in the 1980s and was later critical of the sport’s corporate greed, died on Monday. He was 81.The Carter Funeral Home in Winder, Ga., said that Mr. Anderson had died...

Toyota Recalls Over 600,000 Trucks and SUVs Over Safety Concerns

More than 600,000 Toyota pickup trucks and SUVs in the United States were voluntarily recalled over the past week because of different issues that could increase the risk of crashes, the vehicle manufacturer said.The first announcement, on Feb. 21, stated that about 280,000 vehicles, including Toyota...