business
WTF Brazil: "Just Kidding! X Is Back, Bitches!"
Oh, joy! Brazil's bigwigs flip-flop, decide not to boot X app after all. Because who doesn't love a good old-fashioned political yo-yo?
Published October 9, 2024 at 7:24am by Beck Andrew Salgado
Brazilian Supreme Court Does U-Turn on X Ban
Oh, joy! The Brazilian Supreme Court just couldn't make up its mind. After deciding to ban X just a few weeks ago, they're now reversing that decision. Because consistency is for the weak, right?
Judge Alexandre de Moraes, in his infinite wisdom, originally wanted Elon Musk to block some accounts he believed were spreading "misinformation." Because nothing says "freedom of speech" like telling a billionaire to shut people up.
According to CBS, X complied with Moraes' demands, and the ban is lifted. They even coughed up a whopping $5.2 million in fines. Money talks, I guess.
Musk to Move X to Backwater Bastrop
Elon Musk, in a fit of spite, announced he's moving all his companies to Texas after a spat with Gov. Gavin Newsom. Last week, he dropped the bomb that the new X headquarters will be in Bastrop, not Austin. Because who doesn't want a tech hub in the middle of nowhere?
SpaceX already has facilities in Bastrop, where Musk is building his glorious Hyperloop Plaza. Just imagine, a "work-live community" for his loyal minions. What could possibly go wrong?
X Nosedives Under Musk's Watch
Shockingly, X is now worth less than when Musk bought it. He shelled out $44 billion, and now it's worth a measly $19 billion. The Wall Street Journal even called it the worst merger-finance deal since the 2008-09 financial crisis.
Musk rebranded the app, added built-in AI, got a new CEO, and advertisers ran for the hills. He then, of course, sued them. Because if you can't beat 'em, sue 'em.
The Brazilian ban was just the icing on the cake of X's recent spats. But hey, at least it's resolved now. For this week, anyway.
Read more: Brazil going back on its decision to ban X just weeks after it was implemented