Connect with us

Hi, what are you looking for?

Right Decision NowRight Decision Now

World News

X to pay legal bills of people ‘unfairly treated’ for posting on platform

ELON Musk has said his X social media platform will pay the legal bills and sue on the behalf 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,” Mr. Musk said in a post on X late on Saturday, adding that there will be no limits to funding the bills.

“And we won’t just sue, it will be extremely loud, and we will go after the boards of directors of the companies too,” Musk said later in response to a post about nothing changing behavior in the US faster than a threat of legal action.

Late last month, Mr. 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 falling advertising revenue.

It was also the latest in a series of comments from X executives claiming strong traction in usage, after Meta Platforms launched a 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 Mr. Musk renamed Twitter as X and unveiled a new logo in July, marking a focus on building an “everything app.”

Mr. 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 materialize. — Reuters

    You May Also Like

    Business

    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...

    Business

    The Home Office has made next to no progress in tackling criminal fraud during the past five years, despite it having become Britain’s most...

    Business

    1.22 billion people use Instagram every month. That’s a huge number of Instagrammers trying to hit it big on the platform all at the...

    Business

    Mark Zuckerberg has laid off more than 11,000 Meta’s employees, about 13 per cent of its global workforce, in what he described as “some...

    Disclaimer: rightdecisionnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 rightdecisionnow.com | All Rights Reserved