Elon Musk’s X to fund authorized payments of individuals ‘unfairly handled’ over posts on platform

Elon Musk has stated his X social media platform will fund the authorized payments of people that have been handled unfairly by employers due to posting or liking one thing on the location previously often called Twitter.

“If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill,” Musk stated in a put up on X, including that there might be no limits to funding the payments.

Late final month, Musk stated that month-to-month customers of X reached a “new high” and shared a graph that confirmed the newest depend as over 540 million.

The figures got here as the corporate goes by means of organizational modifications and is trying to enhance dropping promoting income.

It was additionally the newest in a sequence of feedback from X executives claiming robust traction in utilization, after Meta Platforms launched a direct competing platform known as Threads on July 5.

Revamped

After 17 years with an iconic blue fowl brand that got here to represent the broadcasting of concepts to the world, billionaire Musk renamed Twitter as X and unveiled a brand new brand in July, marking a give attention to constructing an “everything app.”

Musk earlier in July had stated that the platform’s money circulation stays adverse due to an almost 50% drop in promoting income and a heavy debt load. An upturn in promoting income that had been anticipated in June didn’t materialise.