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☆ Usage of Elon Musk's X is 'down by every measure' one year after his takeover
▼ + stars: | 2023-10-31 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Use of X on both iOS and Android is down by 17.8% compared to last year, according to SimilarWeb. Musk has big plans for X, rolling out new features and discussing new ideas at a recent all-hands meeting. These latest usage estimates echo Insider's previous reporting in September on X use and downloads decreasing since Musk's takeover. He wants X to be the "everything app," similar to the Chinese app WeChat. Most recently, the X app introduced the option to hold video and voice calls on X.

Persons: —, Elon Musk, X, X hasn't, Linda Yaccarino, Yaccarino, Musk, Insider's Kali Hays Organizations: Service, Axios, Wall Street

☆ X has been bleeding nearly $70 million per day in value since Elon Musk took over
▼ + stars: | 2023-10-31 | by ( Grace Kay | Kali Hays | ) www.businessinsider.com time to read: +4 min

X's valuation has dropped on average nearly $70 million per day during Elon Musk's first year of ownership. AdvertisementAdvertisementX has shed nearly $70 million in value per day since Elon Musk took over the social media company. On Monday, Insider confirmed that employees of the company formerly known as Twitter were given stock grants that showed the social media company was worth about $19 billion. "How do you make a small fortune in social media?" Despite the backlash, X CEO Linda Yaccarino and Musk have continued to strike a postive note.

Persons: Elon Musk's, —, Elon Musk, Fortune, Musk, Linda Yaccarino, Yaccarino, Insider's Lara O'Reilly, Twitter's, Parag Agrawal, He's Organizations: Service, Elon, Twitter

☆ The boomer market boon
▼ + stars: | 2023-10-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

With that in mind, Bank of America has a way the rest of us can cash in on the boomer boon, writes Insider's Aruni Soni. Millennials vs. boomer spending Bank of AmericaIf you don't want to invest in boomers, you could always just invest like them. Regardless of what you decide to do with your money, just don't bank on getting more of it from your relatives. The billionaire hedge fund boss and owner of the New York Mets isn't expecting a deep recession or prolonged market downturn. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: —, John Knox, Joe Raedle, boomers, They're, Insider's Aruni Soni, Treasurys, Insider's Filip De Mott, Cuban, Neil Cavuto, Steven Ferdman, Charlie Munger, Bill Ackman, Michael Baron, Steve Cohen, Linda Yaccarino, Elon Musk, Jerod Harris, Jenny Chang, Rodriguez, it's, Arantza Pena, Taylor Swift, Devin Booker, John Adams, Diego Maradona, Ivanka Trump, Keyatta Mincey, Parker, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Bank of America, of America, Big Tech, Fox Business Network Studios, Dallas Mavericks, New York Mets, Elon, Elon Musk's, Microsoft, Google, Amazon Web Services, Kansas, HSBC Locations: Pompano Beach , Florida, New York City, Phoenix , Arizona, Local Kansas City, Kansas City, McDonald's, San Diego, London, New York

☆ Forget Threads, it's LinkedIn and YouTube that Elon Musk wants to do battle with
▼ + stars: | 2023-10-27 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Elon Musk seems to be over the threat from Threads. Musk, who owns X, joined CEO Linda Yaccarino in singling out LinkedIn and YouTube as "future competitors" in a company-wide meeting on Thursday, Bloomberg reported. AdvertisementAdvertisementSince his $44 billion takeover, Musk has frequently talked about turning it into an "everything app." It's helping LinkedIn in turn: its revenue increased 8% in the three months to the end of September. Video seems to be just about everywhere online too, making Musk and Yaccarino's focus on YouTube an understandable one.

Persons: Elon Musk, —, He's, Linda Yaccarino, Musk, Mark Zuckerberg, That's, Lara O'Reilly, Yaccarino, Sundar Pichai Organizations: YouTube, Bloomberg, Service, Ebiquity, LinkedIn

☆ Elon Musk wants your 'entire financial life' on X: Report
▼ + stars: | 2023-10-27 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

Elon Musk, CEO of SpaceX and Tesla and owner of X, formerly Twitter, attends a U.S. Senate bipartisan Artificial Intelligence (AI) Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. X owner Elon Musk is attempting to create a future in which X users can use the platform for their entire financial lives, according to a report from The Verge. "When I say payments, I actually mean someone's entire financial life," Musk said in the meeting, according to The Verge's article, citing audio it obtained. X is working on securing money transmission licenses across the U.S., The Verge reported. The company already has licenses for money transmission or money services in nine states, according to the Nationwide Mortgage Licensing System.

Persons: Elon Musk, Musk, Linda Yaccarino, It'll, it's, I'm Organizations: SpaceX, Tesla, Twitter, U.S, Senate, Artificial Intelligence, Capitol, Washington , D.C, Nationwide Mortgage Locations: Washington ,, U.S

☆ Elon Musk’s Twitter takeover, the platform and its cultural impact have fundamentally changed
▼ + stars: | 2023-10-27 | by ( Brian Fung | Clare Duffy | ) edition.cnn.com time to read: +16 min

Here’s a (non-exhaustive) account of how Musk has fundamentally changed Twitter since he made one of the most consequential acquisitions of the social media age. Many of Musk’s content and product decisions have also led to what civil society groups have reported as a troubling spread of hateful speech on the platform. He recommended that X users monitor the Israel-Hamas conflict by following an account known for spreading disinformation, before later deleting his post. And, in an attempt to prove that former Twitter executives deliberately discriminated against conservatives on the platform, Musk provided a handpicked group of journalists with selective access to company records. It is perhaps Musk’s all-consuming presence that has most undermined what users used to love about Twitter.

Persons: New York CNN — It’s, Elon Musk, Linda Yaccarino —, Yaccarino, ” Yaccarino, —, it’s, Here’s, Musk, he’s, Donald Trump, LeBron James, James, ”, X, General Mills, ” Weeks, “ Elon, what’s, “, Paul Pelosi, Dilbert, Scott Adams, George Soros, Joe Biden’s, Ron DeSantis ’, Robert F, Kennedy, Jr, Tucker Carlson, Vivek Ramaswamy, Benjamin Netanyahu, Hunter Biden Organizations: New, New York CNN, Elon, Twitter, US Federal Trade Commission, Securities, Exchange Commission, EU, Premium, Nintendo, NPR, PBS, Volkswagen, —, Center, Defamation League, Wall Street, Florida Republican Gov, Fox, New York, Trump Locations: New York, Israel, United States, breakeven, New

☆ After ordering staff back to the office, Elon Musk didn't turn up for X's first all-hands meeting
▼ + stars: | 2023-10-27 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

X held its first all-hands meeting on Thursday, marking a year since Elon Musk took over. AdvertisementAdvertisementThe company formerly known as Twitter held its first all-hands meeting on Thursday, but neither Elon Musk nor CEO Linda Yaccarino was at the X headquarters, Fortune reported. Friday is one year since Musk concluded his $44 billion purchase of Twitter, and the inaugural all-hands was arranged to mark the anniversary. In a 2:30 a.m. email, he told staff to return to the office for at least 40 hours a week. In a post on X, Musk said that the company's future all-hands meetings will be livestreamed on the platform.

Persons: Elon Musk, Linda Yaccarino, —, Fortune, Musk, Yaccarino, didn't Organizations: Elon, Service, Twitter, San Locations: San Francisco, New York, Austin , Texas, Mendocino, Mendocino Farms

Musk has dismantled core features of what made Twitter, Twitter — its name and blue bird logo, its verification system, its Trust and Safety advisory group. “We’re still negative cash flow," he posted on the site on July 14, due to a about a "50% drop in advertising revenue plus heavy debt load." Insider Intelligence estimates that X will bring in $1.89 billion in advertising revenue this year, down 54% from 2022. “Even though the cultural relevance of Twitter was already starting to decline," before Musk took it over, "it’s as if the platform no longer exists. Usually when a social platform, starts to lose its relevance there are at least some external factors at play, but that’s not the case here.”

Persons: Elon Musk, it's, hasn’t, Jasmine Enberg, Musk, ” Enberg, —, Ian Bremmer, “, algorithmically, ” It's, We’re, ”, Linda Yaccarino, it’s, that’s Organizations: FRANCISCO, —, Twitter's San, Twitter, Media Matters, European Commission, NBC, Facebook, Meta, Google, ., Intelligence Locations: Twitter's, Twitter's San Francisco, Maine, Israel

☆ Leak: Elon Musk said he wants X to be a dating app, too, in an all-hands meeting on the anniversary of his Twitter takeover
▼ + stars: | 2023-10-27 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

A year into owning X, Elon Musk is still coming up with unexpected ideas for what he wants the platform to be. During the call, Musk attempted to take a tone of excitement for what X will look like over the next year, the people present said. X will in 2024 be a "fully fledged" dating site, he insisted, as well as a digital bank. Insider previously reported on Musk's push for live video at X and his aspirations to turn the platform into a video-centric "media channel." Despite Musk's attempt during the meeting to boost the future of X, its remaining employees are not convinced.

Persons: Elon Musk, Musk, Linda Yaccarino Organizations: Twitter, Fortune, YouTube Locations: New Zealand, Philippines, Iowa, Mississippi

☆ Linda Yaccarino follows up her car-crash interview by pretending everything's just fine at X
▼ + stars: | 2023-10-27 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

In a Thursday blog post, CEO Linda Yaccarino ignored all the chaos and said X's "future is bright." User numbers are reportedly down, regulators are probing the platform over disinformation, and competitors have popped up around every corner. AdvertisementAdvertisementX's CEO Linda Yaccarino also made headlines in September after giving a car-crash interview, where she seemed not to have a grasp on precise user numbers and couldn't answer questions about a paywall. Yaccarino also flagged the platform's user numbers as a point of success, pointing to new signups and time spent on the platform as potential indicators. Representatives for X and Yaccarino did not immediately respond to Insider's request for comment, made outside normal working hours.

Persons: It's, Elon Musk, Linda Yaccarino, —, Yaccarino, X Organizations: Elon, Twitter, Service, Ebiquity, Wall Street

☆ X CEO Linda Yaccarino Says Platform Should Turn Profit Next Year
▼ + stars: | 2023-10-26 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

X CEO Linda Yaccarino Says Platform Should Turn Profit Next YearThe CEO of X, formerly known as Twitter, said the social media platform is “just about break even” and should turn a profit by early 2024. Linda Yaccarino also defended company owner Elon Musk’s freedom of speech. Photo: Jerod Harris/Getty Images for Vox Media

Persons: Linda Yaccarino, Elon Musk’s, Jerod Harris Organizations: Twitter, Getty, Vox Media

☆ Ex-Andreessen Horowitz VC says Twitter helped build his career but he's leaving because of Elon Musk's chaotic leadership: 'It turns out that social networks are harder than rocket science'
▼ + stars: | 2023-10-24 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Benedict Evans said he's leaving X, formerly Twitter, after 16 years of using it to help build his career. X has faced an onslaught of criticism since Musk took over last year. After all, Musk has been promising self-driving electric cars for the better part of a decade, Evans wrote. Evans is far from the first person to threaten to leave the social media site since Musk took over. When the billionaire first took Twitter private last year, several celebrities took to the platform to announce their departure.

Persons: Benedict Evans, he's, X, Musk, —, Andreessen Horowitz, Elon Musk's, Evans, Ron DeSantis, Tesla, Elon Musk, Linda Yaccarino, Insider's Lara O'Reilly Organizations: Elon, Service, Twitter, Defamation League, SpaceX

☆ Most of the world's biggest advertisers have stopped buying ads on Elon Musk's X, exclusive new data shows
▼ + stars: | 2023-10-23 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

An overwhelming majority of the world's biggest-spending advertisers have stopped advertising on X following Elon Musk's acquisition of the company, according to new data provided exclusively to Insider by the marketing consultancy Ebiquity. The number of Ebiquity clients advertising on X has steadily declined ever since, the data shows. The company drew its X data from its digital media solutions unit, through which it gathers digital media investment data from agencies and platforms. In the same interview she cited Visa, Nissan, and AT&T as among the "1,500" brands that had resumed spending on X. "We would welcome an official follow-up with supporting data in a time where trust and transparency are of critical importance," said Schreurs.

Persons: Ruben Schreurs, Ebiquity Ebiquity, Linda Yaccarino, Ebiquity's Schreurs, Schreurs Organizations: Elon, Twitter, Google, Walmart, Vodafone, General Motors, Ebiquity, Nissan, Amazon, Unilever, Coca, IBM, Bloomberg, Media, Visa

☆ Elon Musk's former trust and safety chief at X says Musk had 'more emotion behind his decisions' than she expected
▼ + stars: | 2023-10-21 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

A former exec at X, previously Twitter, says Elon Musk was at times more impulsive than she expected. Ella Irwin told NBC News there was "more emotion behind his decisions" than she anticipated. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementA former exec at X, previously known as Twitter, says there was at least one element of working with owner Elon Musk that surprised her. AdvertisementAdvertisementWhen asked to give X CEO Linda Yaccarino advice about working with Musk, Yoel Roth, Irwin's predecessor, said, "You should be worried.

Persons: Elon Musk, Ella Irwin, Grimes, —, Musk, Irwin, Musk Irwin isn't, Linda Yaccarino, Yoel Roth, Irwin's, Roth, he's, Esther Crawford, Musk's, Crawford, Walter Isaacson, Ron DeSantis, Isaacson, Jekyll, Mr, Hyde, Elon, Martin Eberhard Organizations: NBC News, Service, Twitter, SpaceX, The Boring Company

☆ Even CEOs are joining the 'Great Resignation'
▼ + stars: | 2023-10-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

CEOs are quitting at record rates this year with 1,425 exits in the first nine months of 2023 alone. That's according to a new report by Challenger, Gray, and Christmas about the number of CEO exits in 2023. AdvertisementAdvertisementCEOs are the latest to bow under the pressure of a challenging economic environment and are joining the "Great Resignation," at record rates, a new report by outplacement firm Challenger, Gray & Christmas found. According to Challenger, Gray & Christmas' report, 164 CEOs quit in September 2023, up from the 74 CEOs who left their jobs in the same period last year. CEO exits in the government and non-profit sector were also up sharply from last year, climbing from 190 to 353.

Persons: Gray, There's, CNN's Chris Licht, —, Elon Musk, Linda Yaccarino, Chris Licht Organizations: Challenger, Service, SEC, Twitter, CNN

☆ Musk’s X cashes in on ‘superspreaders’ of Israel-Hamas misinformation, new report finds
▼ + stars: | 2023-10-19 | by ( Donie O'Sullivan | ) edition.cnn.com time to read: +3 min

NewsGuard identified seven accounts it describes as “misinformation superspreaders,” which have shared widely debunked claims about the conflict. Verified users are also eligible to receive payments from the platform, financially incentivizing posts from the users who are actively spreading misinformation. The group said 186 of the 250 posts were sent by premium X accounts. Soon after NewsGuard published its report Thursday, Musk posted on X that the company “should be disbanded immediately.” CNN has reached out to X and Musk for further comment. In May, there was a brief dip in the stock market after verified accounts on X shared fake images of a purported “explosion” near the Pentagon.

Persons: NewsGuard, ” NewsGuard, Musk, ”, Linda Yaccarino Organizations: CNN, Elon, Twitter, Hamas, ” CNN, European Union, EU, Meta, X, Pentagon Locations: Israel

☆ X social media to test $1 annual subscription for basic features
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

The logo of social media platform X, formerly Twitter, is seen alongside the former logo in this illustration taken, July 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 17 (Reuters) - Social media platform X, formerly known as Twitter, said on Tuesday it will test a new subscription model under which it will charge $1 annual fee for basic features. The purpose of introducing the new subscription model is to combat bots and spammers, X said, adding that the fee will vary from country to country based on the exchange rate. X said the new method will be first available for users in New Zealand and Philippines. In July, X had introduced a limit on viewing tweets, "to ensure the authenticity" of its user base.

Persons: Dado Ruvic, X, Elon Musk, Linda Yaccarino, Shubhendu Deshmukh, Subhranshu Sahu, Rashmi Organizations: REUTERS, Twitter, Reuters, Thomson Locations: New Zealand, Philippines, Bengaluru

☆ Views on Hamas' military Telegram channel have increased tenfold since the war with Israel began
▼ + stars: | 2023-10-18 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Hamas' social media following has surged since its attacks on Israel began this month. AdvertisementAdvertisementIn the small digital enclave they have left, the engagement on official Hamas social media accounts is booming, with followers skyrocketing and video views through the roof. AdvertisementAdvertisement"Earlier this week, Hamas used Telegram to warn civilians in Ashkelon to leave the area ahead of their missile strikes. Off Telegram, pro-Hamas posts surgeEven on platforms where Hamas doesn't have official accounts, posts that encourage or sympathize with the militant group have risen sharply after Israel declared war on Hamas following Hamas' attacks on October 7. The DSA includes YouTube, Instagram, and Facebook — but not Telegram — among the very large social platforms it subjects to additional security obligations.

Persons: —, skyrocketing, Elon Musk's, Pavel Durov, Durov, doesn't, Israel, Meta, Linda Yaccarino Organizations: Service, Facebook, Elon, European Union, Hamas, CNN, Atlantic, Forensic Research, Telegram, Meta, YouTube, Twitter, Representatives, Digital Services, DSA Locations: Israel, United States, Ashkelon, Algerian, Europe, Gaza

☆ Elon Musk’s X is testing an annual fee for unverified accounts
▼ + stars: | 2023-10-17 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —After Elon Musk hinted last month that X could start charging all users, the company (formerly known as Twitter) announced a test of such a system. The test will apply only to new web accounts, and the fee will be waived if users sign up for X’s $3.99 per month premium subscription service. New users in the testing region who opt out of premium and the annual subscription will only be able to read posts, watch videos and follow accounts — but not interact on the platform. X says it has removed “hundreds of Hamas-affiliated accounts,” taken down thousands of posts since the attack on Israel by Hamas and ramped up Community Notes, its program that allows users to fact check other users’ posts. “X is… addressing identified fake and manipulated content during this constantly evolving and shifting crisis,” X CEO Linda Yaccarino said in a letter to EU Commissioner Thiery Breton last week.

Persons: Elon Musk, X, Musk, Benjamin Netanyahu, ”, Linda Yaccarino, Thiery Breton Organizations: New, New York CNN, Twitter, X, Israeli, European Commission Locations: New York, New Zealand, Philippines, Israel

☆ Elon Musk and Linda Yaccarino Point X in Different Directions Amid Israel-Hamas War
▼ + stars: | 2023-10-14 | by ( Tim Higgins | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: israel

“Getting information from social media is likely to lead to you being severely disinformed,” said Ahmed. Everyone from US foreign adversaries to domestic extremists to internet trolls and “engagement farmers” has been exploiting the war on social media for their own personal or political gain, he added. “Bad actors surrounding us have been manipulating, confusing and trying to create deception on social media platforms,” Dan Brahmy, CEO of the Israeli social media threat intelligence firm Cyabra, said Thursday in a video posted to LinkedIn. The dynamic simultaneously highlights the business models of social media and the role the companies play in carefully calibrating their users’ experiences. ‘Be very cautious about sharing’Despite giving the impression of reality and truthfulness, Brookie said, individual stories and combat footage conveyed through social media often lack the broader perspective and context that journalists, research organizations and even social media moderation teams apply to a situation to help achieve a fuller understanding of it.

Persons: ”, Gazans, Pepe, Imran Ahmed, Ahmed, “, Dan Brahmy, ‘, ’ Graham Brookie, Islamophobic, Elon Musk, it’s, ” Imran Ahmed, ” Brian Fishman, ” Linda Yaccarino, “ We’ve, Andy Stone, Snapchat, TikTok, ” Ahmed, ” Brookie, Brookie Organizations: New, New York CNN, CNN, —, Twitter, European Union, Facebook, YouTube, Center, LinkedIn, Digital Forensic Research, Atlantic Council, European Commission, European, Digital Services Locations: New York, Israel, Russia, Ukraine, London, Egypt, Islamophobic, Washington ,, United Kingdom, United States

☆ Elon Musk’s X says it has removed ‘hundreds’ of Hamas-affiliated accounts
▼ + stars: | 2023-10-12 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —X says it has removed “hundreds of Hamas-affiliated accounts” and taken down thousands of posts since the attack on Israel by the Palestinian militant group. “X is… addressing identified fake and manipulated content during this constantly evolving and shifting crisis,” she added. The platform had “assembled a leadership group to assess the situation” shortly after news broke about the attack, Yaccarino said. It had also responded to more than 80 “take down requests” from EU authorities to remove content. “Community Notes” — which allow X users to fact check false posts — are visible on “thousands of posts, generating millions of impressions,” she wrote.

Persons: London CNN —, Linda Yaccarino, Thierry Breton, ” Yaccarino, “, Yaccarino, X, ”, Breton Organizations: London CNN, Twitter, European Union, Digital Services Locations: Israel, Palestinian

☆ Europe gives TikTok CEO 24 hours to respond about Israel-Hamas war misinformation
▼ + stars: | 2023-10-12 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

TikTok CEO Shou Zi Chew prepares to testify before the House Energy and Commerce Committee hearing on TikTok: How Congress Can Safeguard American Data Privacy and Protect Children from Online Harms, on Capitol Hill in Washington, D.C., on March 23, 2023. European regulator Thierry Breton shared a stern letter to TikTok CEO Shou Zi Chew on Thursday, claiming his office has "indications" that the platform is being used to distribute disinformation and illegal content around the ongoing Israel-Hamas war. Breton issued similar letters to X owner Elon Musk and Meta CEO Mark Zuckerberg this week. Under the European Union's newly enacted Digital Services Act, TikTok must monitor and remove illegal content such as terrorist content or illegal hate speech. Failure to comply with the European regulations around illegal content could result in fines worth 6% of a company's annual revenue.

Persons: Shou Zi Chew, Online Harms, Thierry Breton, Breton, Elon Musk, Mark Zuckerberg, TikTok, Chew, Musk, Linda Yaccarino, Zuckerberg Organizations: House Energy, Commerce, Safeguard, Online, Capitol, Washington , D.C, Services, Twitter, Meta, Facebook, CNBC Locations: Washington ,, Israel, Breton

☆ Elon Musk's X rebuts EU allegations of 'illegal' content about the Israel-Hamas conflict
▼ + stars: | 2023-10-12 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Linda Yaccarino: CEO of X speaking with CNBC's Sara Eisen on Aug. 10th, 2023. In a letter posted on X, Yaccarino said that after the Hamas attack on Israel, the social media firm "assembled a leadership group to assess the situation." The CEO also detailed the company's policies around violent speech, synthetic or manipulated media and perpetrators of violent attacks. "X is committed to serving the public conversation, especially in critical moments like this and understands the importance of addressing any illegal content that may be disseminated through the platform," Yaccarino said. This year, the EU introduced the Digital Services Act (DSA), a sweeping piece of regulation that forces online platforms to police illegal content more aggressively or risk huge fines.

Persons: Linda Yaccarino, CNBC's Sara Eisen, CNBC Linda Yaccarino, Yaccarino, Thierry Breton, Elon Musk, Breton Organizations: CNBC, Hamas, European Union, Wednesday, X, EU, Israel, Digital Services Locations: Israel, Palestinian, U.S, Japan, Australia, EU

LONDON (AP) — Elon Musk's social media platform X has removed hundreds of Hamas-linked accounts and taken down or labeled thousands of pieces of content since the militant group's attack on Israel, according to the CEO of the company formerly known as Twitter. Linda Yaccarino on Thursday outlined efforts by X to get a handle on illegal content flourishing on the platform. Plus, X's workforce — including its content moderation team — has been gutted. Political Cartoons View All 1207 ImagesThose changes are running up against the EU's Digital Services Act, which took effect in August. It forces social media companies to step up policing of their platforms for illegal content, such as terrorist material or illegal hate speech, under threat of hefty fines.

Persons: — Elon, Linda Yaccarino, X, ” Yaccarino, Thierry Breton, —, Yaccarino, Musk Organizations: Twitter, European Union, EU's Digital Services, YouTube, Facebook Locations: Israel, EU

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