X | Latest News & Updates - Nov 29, 2024 Release

X will be affected by Australia's new law banning social media use for those under 16 starting in late 2025, with testing of enforcement methods beginning in January 2025...


Brought to you by RivalSense - an AI tool for monitoring any company.

RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡


X

🌎 x.com

X is a software development company that owns the social networking service X (formerly known as Twitter). It provides tools, resources, and APIs for developers and businesses to integrate and expand their impact through social media. The platform focuses on real-time and historical social data, enabling businesses to monitor trends, engage with users, and utilize AI-powered advertising.


X - Latest News and Updates

  • X will be affected by Australia's new law banning social media use for those under 16 starting in late 2025, with testing of enforcement methods beginning in January 2025.
  • X submitted a risk assessment to the European Commission, admitting high risks to democratic processes despite safety measures, and faces an EU investigation for failing to control toxic content and disinformation.
  • Elon Musk has transformed the social media platform formerly known as Twitter into X, redirecting users to X.com as part of his plan to create an 'everything app' that integrates social media and financial services.
  • Australia passed a law making X and other social media platforms responsible for preventing users under 16 from accessing their services, with potential fines up to 50 million Australian dollars.
  • X argued in a court filing that users don't own their accounts and can't sell or transfer them without X's permission, impacting the sale of InfoWars accounts to The Onion.
  • X has launched an 'NFL Portal' to enhance sports engagement by providing NFL fans with news, game schedules, live scores, and team stats.
  • Kelly Brown has joined X as Director, Mid-Market Ad Sales in the United States, previously serving as Vertical Director, Emerging Business at TikTok.
  • X is offering a 100% ad credit match for Shopify merchants to attract advertisers after many left due to Elon Musk's controversial policy changes.
  • X will match the ad spend of Shopify merchants over the next week.
  • Canadian MPs, including NDP Leader Jagmeet Singh and Liberal Heritage Minister Pascale St-Onge, are migrating from X to Bluesky amid concerns that X and its owner Elon Musk could influence the next Canadian election.

Sign up to receive regular updates


If you liked the insights, consider following your own companies of interest. Receive weekly insights directly to your inbox using RivalSense.