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The Latest Breaking News from Elon Musk X

The US government is coming for Google and Meta – but what will happen next?

Google suffered another defeat last week in its clash with the justice department, while Meta hasn’t been able to wriggle its way out of antitrust cases either

The Guardian - US

OpenAI could be launching a social media platform to compete with Elon Musk’s X - reports

The platform would be based on ChatGPT’s image-generation feature, which caused a trend in reproducing Studio Ghibli alikes, reports citing company insiders say.

Euronews

Elon Musk's X just revealed a dramatic revenue drop in U.K. after $44 billion takeover

X’s U.K. arm saw a 66.3% drop in revenue in the year following Musk’s takeover, falling from £205.3 million in 2022 to £69.1 million in 2023.

Fortune

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OpenAI reportedly creating its own social network to take on X

OpenAI might be building its own social network — and yes, it could be powered by ChatGPT, according to reports.

Tom’s Guide

Elon Musk’s X launches crackdown on ‘parody’ accounts after he axed tools that stopped them

Impersonation accounts have been a long-running problem for site since it was bought

The Independent UK

EU to Reportedly Give Elon Musk's X $1B in Fines, Other Penalties for DSA Violations

Elon Musk's social media is set to face a massive $1 billion fine in the EU and other penalties for its alleged violations against the DSA.

International Business Times

UK issues travel warnings over growing Turkey unrest after Erdogan brands protests ‘evil’

Turkey’s main opposition party calls for boycott of ‘pro-Erdogan’ media, brands, and stores

The Independent UK

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Digital imperialism: How US social media firms are using American law to challenge global tech regulation

Social media platforms tend not to be that bothered by national boundaries.

The Conversation

Morning Mail: ex-defence chief questions US alliance, supermarket reform urged, protests in Israel

Chris Barrie says White House ‘vandals’ wrecking US alliance; thousands take to streets to call for ceasefire and hostage return

The Guardian - AU

Trump urged to target ‘coercive and discriminatory’ Australian media laws by Musk’s X, Apple, Google and Meta

The Computer and Communications Industry Association named Australia’s news media bargaining incentive in its submission

The Guardian - AU

Senate poised to advance landmark crypto bill, Warren warns of Elon Musk 'controlling' financial system

The Senate is expected to mark up a stablecoin bill on Thursday.

Fortune

The legacy news media is shaking apart

Broadcast news anchors are leaving and critics like Joy Reid have been fired. Can the news as we know it survive?

Salon

xAI could sign a $5 billion deal with Dell for thousands of servers with Nvidia's GB200 Blackwell AI GPU accelerators

Reports claim Dell is about to secure a $5 billion deal to supply Elon Musk's xAI with yet more AI servers.

TechRadar

Telegram fined nearly $1m by Australian watchdog for delay in reporting about terrorism and child abuse material

Telegram took 160 days to provide information, with the delay obstructing online safety scrutineer from doing its job, commissioner says

The Guardian - AU

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The Guardian - US

Crypto and big tech’s backing pays off as Trump makes tech-friendly moves

Flurry of directives relaxes regulations and drops lawsuit – and billionaires who donated to Trump are ready to benefit

The Guardian - US

Parents are desperate to protect kids on social media. Why did the US let a safety bill die?

The Kids Online Safety act passed the Senate 91-to-3 but died in the House. Advocates on both sides say they won’t give up

Fortune

From legal settlements to business ventures, mega corporations are making deals with President Donald Trump and the Trump family

Companies have reportedly doled out $80 million to the Trump family and his presidential library, according to the Wall Street Journal.

Latin Times

Trump Settles Lawsuit Against Musk's X for $10 Million After Being Removed From the Platform Amid the Capitol Riots: Report

Trump settled his $10 million lawsuit against Elon Musk's X after being banned from the platform for instigating the January 6th Capitol attack.

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International Business Times UK

Wall Street Sells £4.41B of X Loans as Investors Bet on Strong Financials, Advertisers Returning to Musk's Firm

X's improving 2024 EBITDA, major advertisers like Apple mulling a comeback to the platform, and Amazon ramping ad spending led investors to buy £4.41B of 2022 debt used by Musk to take over the social networking platform.

Barchart

Meta Stock Q4: 5 Key Things to Watch When Meta Reports Earnings

Meta Platforms will release its Q4 earnings on Jan. 29. Here are the key metrics that investors should watch.

The Guardian - US

Trump’s neofascism is here now. Here are 10 things you can do to resist

America has deep problems, which is why we can’t give up. Protect the vulnerable, organize boycotts and keep fighting

The Guardian - AU

Internet regulator speaks out over Sydney video viewed by Southport killer that X fought to keep online

eSafety commissioner expresses ‘great sadness’ that Axel Rudakubana viewed video before murdering three girls in the UK, noting ‘clear link’ between online material and real-world violence

Fortune

X and Bluesky have rolled out TikTok clones as the app's fate continues to hang in the balance

Instagram, meanwhile, is working on a CapCut clone.

TechRadar

HPE may have been beaten Supermicro and Dell to win a $1bn AI contract, but it's not for the Colossus supercomputer

HPE beat Supermicro and Dell to win a $1bn contract to supply Elon Musk's X with AI servers

International Business Times

From Ban To Buyout: What Next For TikTok In The US?

TikTok faces an imminent shutdown in the United States after Congress passed a law last year forcing its Chinses owner ByteDance to either sell the platform or close it by this Sunday.

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