If Koo was alive today, they would've raised a new round based on this news.

Inside sales manager

- A Brazilian judge has ordered the suspension of X after Elon Musk failed to appoint a new legal representative for the country.
- Supreme Court Justice Alexandre

- A Brazilian judge has ordered the suspension of X after Elon Musk failed to appoint a new legal representative for the country.
- Supreme Court Justice Alexandre de Moraes instructed the National Telecommunications Agency to limit access to X within 24 hours and mandated Apple and Google to remove X from their app stores within five days.
- Daily fines of $50,000 Brazilian real (~$8,900 USD) will be imposed on those attempting to access X via VPN.
- Musk criticized the decision, calling it a threat to free speech and accusing de Moraes of political motives.
- The conflict between Musk and de Moraes began in April over the reactivation of accounts linked to misinformation and supporters of former President Jair Bolsonaro. 

 Source: [The Verge](https://www.theverge.com/2024/8/30/24231286/x-brazil-ban-elon-musk-legal-representative)

Judge Orders Suspension of X in Brazil

Judge Orders Suspension of X in Brazil- Grapevine

Welcome to News Discussion's Private Community

- Durov charged with complicity in child porn distribution, drug offenses, fraud, and money laundering
- Judicial investigation involves collaboration between cybercrime and anti-fraud agencies
- Custody period extended up to 96 hours until Aug. 28, 2024
- Charges include refusing to cooperate with authorities on lawful interception requests
- Case likely to impact discussions on platform responsibility and user privacy at upcoming tech events 

 Source: [Benzinga](https://www.benzinga.com/markets/cryptocurrency/24/08/40558693/telegram-ceo-pavel-durov-faces-12-serious-charges-french-prosecutor-reveals)

BREAKING: Telegram CEO Pavel Durov Faces 12 Serious Charges in France

Journalist

- A federal judge has mandated Elon Musk’s X to disclose its list of shareholders, revealing key investors in the $44 billion acquisition of the platform formerly known as Twitter.
- The unsealed document lists nearly 100 entities, including prominent venture capitalists, entrepreneurs, and a fund linked to Sean 'Diddy' Combs.
- Notable investors include Andreessen Horowitz, Saudi Prince Alwaleed bin Talal al Saud, Twitter founder Jack Dorsey, and 8VC co-founder Joe Lonsdale.
- The court’s decision follows a motion by the Reporters Committee for Freedom of the Press, emphasizing public interest in knowing the stakeholders of such an influential platform.
- Despite Musk’s efforts to revitalize X with new features and subscription options, the platform faces financial challenges, with some investors’ stakes significantly devalued. 

 Source: [Washington Post](https://www.washingtonpost.com/technology/2024/08/21/elon-musk-x-investors/)

Elon Musk’s X Ordered to Reveal Investors in Court Filing

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X (formerly Twitter) owned by Elon Musk — by 71.5% from the original valuation of shares

Investor

Quite confused why the rebranding is taking place. 
Twitter is such a good brand name, everybody gets it, and has positive blue colours too. 

X seems to be something very random. Almost instantly it does not reflect what the product would be. 

It’s great to see that Elon Musk takes audacious bets all the time, but it’s starting to feel like he’s someone who lacks any sense of how user’s think. This could be costly for Twitter as multiple of these changes compound.

Twitter rebranding to 'X', what do you think?

Corporate strategy

- A record number of advertisers plan to cut spending on X next year due to concerns over extreme content.
- Kantar's survey shows a net 26% of marketers will reduce ad spending on X in 2025, the largest pullback from any major platform.
- Big brands have been leaving X since Musk's $44bn takeover in 2022, citing his free speech ethos and loosened content moderation.
- Only 4% of marketers believe ads on X are brand safe, compared to 39% for Google.
- Musk's adversarial relationship with advertisers continues, with legal threats against boycotting brands like Unilever and Mars. 

 Source: [Financial Times](https://www.ft.com/content/cf023e18-a6c7-4d78-bcb5-f295b5bcb928)

Marketers Flee Elon Musk's X Over Extreme Content Concerns

- Elon Musk has filed a new lawsuit against OpenAI and its CEO Sam Altman, claiming the AI start-up deviated from its mission to benefit humanity by partnering with Microsoft.
- The lawsuit, filed in a California federal court, includes allegations that Altman and co-founder Greg Brockman broke federal civil racketeering laws and misled investors about OpenAI's mission.
- Musk's lawsuit accuses Altman and Brockman of manipulating him into co-founding OpenAI under false pretenses and then shifting the company's focus to profit-driven goals.
- The legal battle centers on whether OpenAI's latest models have achieved artificial general intelligence (AGI), which could nullify its licensing agreement with Microsoft.
- This renewed lawsuit is part of an ongoing conflict between Musk and Altman, with Musk also seeking damages for the profits OpenAI earned from his contributions. 

 Source: Financial Times

Elon Musk Files New Lawsuit Against OpenAI and Sam Altman

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ecXo chamber

Software Engineer

I would recommend everyone to read 1984 book by george Orwell .
Because this is where we are heading slowly

Founder of Telegram arrested for free speech

Only in India will someone speaking scientific fact and sense against age-old myths can get banned by court orders on X

Only in India

Product Head

- WazirX's parent company Zettai Pte filed moratorium application in Singapore High Court on August 27
- Move seeks 'breathing space' for restructuring liabilities under scheme of arrangement
- Application follows $234.9M crypto heist last month, representing 45% of user funds
- Company plans to allocate impact of cyberattack pro-rata across users as unsecured creditors
- WazirX expects at least six months to consider restructuring plan and work with stakeholders 

 Source: [Inc42](https://inc42.com/buzz/wazirx-files-moratorium-application-before-singapore-court)

Judge Orders Suspension of X in Brazil

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