Twitter (TWTR) Stock

Elon Musk claimed that a large-scale distributed denial-of-service (DDOS) attack disrupted his scheduled conversation with former President Donald Trump on X, the platform previously known as Twitter. The discussion was set for 8 pm EDT (1 am BST), but many users experienced issues accessing the platform, with some seeing a “not available” message.

Elon Musk is facing a US$1.5 million (£1.2 million) lawsuit from former CNN news anchor Don Lemon over his cancelled talk show on social media X. Lemon launched a range of claims against Musk in a California superior court filing on Thursday, including alleging fraud, misappropriation of his name and a breach of contract.

Social media platform X, formerly called Twitter, moved towards owner Elon Musk dreams of creating an "everything app" as it received further regulatory green lights for users to make payments. So far, it has money-transmitter licences from 13 US states after approval from Pennsylvania this week, according to a report from Reuters.

X, formerly Twitter, has an advertising crisis on its hands after a post from Elon Musk supporting an antisemitic conspiracy theory led major companies to pull their spending on the platform.  Musk's tweet, plus a report from Media Matters that found that major companies were seeing their ads appear next to pro-Nazi content, causes an ad-spend exodus from Apple, Disney and others.

X, formerly known as Twitter Inc (NYSE:TWTR), is introducing a US$1 annual charge for new users in New Zealand and the Philippines as part of plans to boost revenues after a steep decline following Elon Musk's purchases of the app for US$44 billion. Sneaking the payment in under the guise of helping “combat bots and spammers on X”, the subscription, called 'Not A Bot', requires new users to verify their identities with a phone number before paying the annual fee or opting for a premium account.

Elon Musk has been warned that he must respond to European authorities over alleged misinformation on his social media X following the outbreak of war in Israel at the weekend. In a letter addressed to Musk on Tuesday, European commissioner Thierry Breton urged Musk to crack down on “violent and terrorist content” circulating on X, or risk investigation and potential penalties.

Elon Musk's X has been slated for seemingly disabling a feature on the social media platform that allowed people to report posts containing misinformation related to elections. Users had been able to report posts due to political issues since the feature was introduced in 2022.

Elon Musk has threatened to hit the Anti-Defamation League with a defamation lawsuit over its claims of antisemitism at X (formerly Twitter Inc (NYSE:TWTR)). Though a series of tweets, Musk argued the US-based group, which focuses on tackling defamation of the Jewish population, had been trying to “kill” X since he took over last year.

X Corp, the owner of the app formerly known as Twitter Inc (NYSE:TWTR), is suing an anti-hate organisation for gaining data unlawfully when producing reports, which it claims resulted in a drop in advertising revenue. Alleging the Center for Countering Digital Hate (CCDH) used “unlawful acts” to “improperly gain access” to data about the social media app, X filed a lawsuit in the US on Monday.