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July 31 (Reuters) - Social media platform X, formerly known as Twitter, on Monday sued a nonprofit that fights hate speech and disinformation, accusing it of asserting false claims and encouraging advertisers to pause investment on the platform. U.S. media reported earlier that X, owned by Elon Musk, had sent a letter to the Center for Countering Digital Hate (CCDH) and threatened to sue the non-profit for unspecified damages. In response to that letter, lawyers for the CCDH accused X of "intimidating those who have the courage to advocate against incitement, hate speech and harmful content online." It reiterated that the metrics contained in the research were used out of context to make unsubstantiated assertions about X. X recently filed lawsuits against four unnamed entities in Texas and Israel's Bright Data for scraping data.
Persons: Elon Musk, Linda Yaccarino, X, CCDH, Shubham, Stephen Coates Organizations: Monday, Elon, Center, Thomson Locations: Texas, Bengaluru
SAN FRANCISCO — Elon Musk marked San Francisco as the spot for X Corp. over the weekend, erecting a giant lighted X sign on top of the company's headquarters Friday. The saga over the glowing sign is the latest example of Musk's impulsive approach to running the company formerly known as Twitter. City officials Friday issued a notice of violation to X Corp. for installing the sign without approval. According to public records on the department's website, representatives for X Corp. repeatedly declined to "provide access" to inspectors who visited the building. This is not the first time X has clashed with San Francisco building inspectors.
Persons: Elon Musk, Musk, Linda Yaccarino, riskiest, Yaccarino, X Organizations: FRANCISCO, X Corp, CNBC, San Francisco's Department, Twitter, San Locations: San Francisco
July 31 (Reuters) - X owner Elon Musk and Chief Executive Linda Yaccarino will both oversee the trust and safety team at the company formerly known as Twitter, the social media concern said on Monday. X's product and engineering team will report to Musk, while Yaccarino will oversee all other divisions, including human resources, legal, finance, sales and operations, X said. The trust and safety team, which is responsible for content moderation, has been the focus of some criticism of the platform after Musk acquired the company last October. Yaccarino said in the email that three X leaders will oversee different responsibilities within trust and safety, including law enforcement operations and threat disruptions. The changes to trust and safety come after Ella Irwin resigned as head of the team in June.
Persons: Elon Musk, Linda Yaccarino, Yaccarino, X, Musk, Brown, Ella Irwin, Sheila Dang, Chris Reese, Leslie Adler Organizations: Twitter, Reuters, Thomson Locations: Dallas
X, formerly known as Twitter, has officially retired its famous blue and white bird logo. The company previously introduced the logo on the web and launched the domain X.com, though Twitter.com also remains live. The transition from Twitter to X reflects Musk's vision to turn the platform into what he has called an "everything app." He shared a video of a large new X logo glowing on top of the company's headquarters early Saturday. "Time to update.," Yaccarino wrote in a post about the mobile app's logo change Friday.
Persons: Elon, Elon Musk, adieu, it's, Musk, Linda Yaccarino, CNBC's Sara Eisen, Yaccarino Organizations: Twitter, City, Department, Francisco's Department, SpaceX, Musk's, CNBC Locations: Los Angeles, San Francisco
A Harvard leadership expert thinks Elon Musk is "totally out of his element" in running Twitter. He explained that the billionaire doesn't have any expertise of running a social media platform. A Harvard leadership expert weighed in on Elon Musk's takeover of Twitter and the changes he's made, saying that the billionaire is "totally out of his element" because social media is not his area of expertise. George suggested that Musk should let Twitter's new CEO Linda Yaccarino call the shots. William Klepper, a management professor teaching an executive leadership course at Columbia Business School, previously told Insider that Musk's Twitter takeover is "a case study of failed leadership."
Persons: Elon Musk, doesn't, Bill George, Elon, George, Musk, Parag Agrawal, Ned Sagal, Vijaya Gadde, Sean Edgett, Linda Yaccarino, William Klepper, Klepper Organizations: Harvard, Twitter, Harvard Business School, CNBC, SpaceX, Columbia Business School Locations: Elon Musk's
Elon Musk's Twitter rebrand suggests that he's "totally out of his element," says Harvard leadership expert Bill George. Musk announced his decision to abandon the 16-year-old Twitter brand Sunday, opting for the new name and logo, X. George, who's studied effective leadership and leadership failures over the past two decades, says Musk's modifications to the platform are a "big mistake." In contrast, running a social media company may require a high level of interpersonal skills, which Musk's own brother says he lacks. "Now, that he has the [new] CEO of Twitter, he needs to let her restore what Twitter was, so [users and] advertisers come back," George says.
Persons: Elon, Bill George, George, Musk, Parag Agrawal, who's, , Bloomberg —, Tesla, Berkshire Hathaway, Warren Buffett, George agrees, Linda Yaccarino Organizations: Twitter, Harvard, Harvard Business School, CNBC, Bloomberg, SpaceX, NASA, U.S ., Berkshire Locations: Elon Musk's
The company will soon require brands to spend $1,000 monthly on ads to keep verification, per WSJ. Owner Elon Musk said earlier this month that Twitter had seen a roughly 50% drop in ad revenue. Earlier this month, Musk said that the company had suffered a roughly 50% decrease in ad revenue and had negative cash flow. In December 2022, Twitter's revenue fell 40% compared with the same month in 2021. In another attempt to revive ad revenue, the company has offered discounted rates to some advertisers, the Journal reported.
Persons: Elon Musk, , Musk, Linda Yaccarino, Yaccarino Organizations: Twitter, Morning, Street, The New York Times, NBCUniversal Locations: Air France
In October, the billionaire said buying Twitter was an "accelerant to creating X, the everything app," without providing further details. Musk called WeChat 'great'Super apps refer to a type of app that allow users to carry out multiple functions without having to leave the app. The biggest super app in the world is called WeChat which is run by Chinese technology giant Tencent and has over 1.3 billion users. While China pioneered the super app, the idea has taken off in other parts of Asia. Musk has likely taken inspiration from WeChat, an app he called "great" last year.
Persons: Elon, Harun Ozalp, Elon Musk, China's WeChat, Musk, Linda Yaccarino, WeChat Organizations: HK, Anadolu Agency, Getty, Twitter, Google Locations: China, Asia, Singapore
Twitter CEO Linda Yaccarino posted a picture posing with media personality Paris Hilton. Twitter's new CEO Linda Yaccarino seems to enjoy the company of celebrities and her latest post shows her posing alongside media personality and socialite Paris Hilton. Yaccarino posted a picture on Twitter, now known as "X," on Tuesday where the two are standing against a large portrait of Hilton and both sporting green printed outfits. What Yaccarino means by "We X," is also not clear but is likely a show of support for Twitter's rebrand. Yaccarino was formerly an advertising executive at media giant NBCUniversal for over a decade and was poached by Musk to become Twitter's CEO in June.
Persons: Linda Yaccarino, Paris Hilton, Miley Cyrus, Yaccarino, Hilton, Elon Musk, Rami Malek, Ed Sheeran, Eminem, Fortune, She's Organizations: Twitter, Twitter's
CNBC Daily Open: May the good times roll
  + stars: | 2023-07-25 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dow's 11-day streakMajor U.S. stock indexes ended Monday in the green, with the Dow Jones Industrial Average notching an 11-day winning streak. Busy week for central banksThe U.S. Federal Reserve, the European Central Bank and the Bank of Japan will all announce interest rate decisions this week. [PRO] No sign of recessionSteve Eisman, the investor who called and profited from the 2008 subprime mortgage crisis, told CNBC he thinks "there's no evidence of a recession" so far.
Persons: Elon, Linda Yaccarino's, aren't, Steve Eisman Organizations: CNBC, U.S, Dow Jones, Twitter Twitter, Twitter, U.S . Federal Reserve, European Central Bank, Bank of Japan, ECB, Chinese Communist Party Locations: U.S
Elon Musk recently explained why he decided to rebrand Twitter to X and noted that it's more than just a name change. "Twitter was acquired by X Corp both to ensure freedom of speech and as an accelerant for X, the everything app. This is not simply a company renaming itself, but doing the same thing," Musk explained in a post Monday night. Musk recently hired former NBCUniversal advertising executive Linda Yaccarino as CEO, seen as a move to help reassure advertisers. WATCH: Elon Musk kills Twitter name for 'X' super app
Persons: Elon Musk, Musk, it's, Linda Yaccarino, Yaccarino Organizations: Twitter, X Corp, CNBC, YouTube
Elon Musk rebranded Twitter to X this week. It led to a price spike for some X-branded crypto tokens. One token saw a 1,200% rally after Musk's announcement, even though the project had shut down in May. Newer X-branded tokens also appeared on crypto exchanges following the rebrand of Musk's company. "But whether all the disappointed Twitter users go to Threads and actually stay there remains to be seen."
Persons: Linda Yaccarino, Yaccarino, Mark Zuckerberg, Ali Mogharabi Organizations: Elon, Service, Twitter, Traders, SpaceX, Morningstar Locations: Wall, Silicon, Elon Musk's, we're
When Musk bought Twitter late last year, he laid out a vision for an “everything” app called X, where users could communicate, shop, consume entertainment and more. Musk — who bought Twitter with a company called X Corp. — tweeted on Sunday that X.com now redirects to Twitter. Musk even told followers that tweets should instead be called “x’s.”On Sunday, CEO Linda Yaccarino seemed to confirm Musk’s vision for the company. Elon Musk has officially rebranded Twitter as "X," as he seeks to turn the platform into an "everything" app. And until Musk rolls out significant changes to the platform, observers of the company say ditching Twitter’s well-known brand is a risky move.
Persons: New York CNN — Elon Musk’s, Musk, — Musk, , , It’s, ” Mike Proulx, Forrester, Proulx, , Linda Yaccarino, ” Yaccarino, Elon Musk, Jonathan Brady, Walter Isaacson, texted Isaacson, ” “, ” Musk, he’s, WeChat, Deloitte, Instagram, Joshua White Organizations: New, New York CNN, Twitter, PayPal, Musk —, X Corp, SpaceX, Facebook, Vanderbilt University Locations: New York, China, Arizona, Michigan
Elon Musk's Twitter rebrand could land him in legal hot water with Meta CEO Mark Zuckerberg and others, experts say. On Sunday, Musk announced that he was getting rid of the Twitter brand and logo. Meta's trademark for a white-and-blue X relates to "social networking services in the fields of entertainment, gaming and application development." The announcement comes just weeks after the launch of Threads, a Meta-owned app seen by some as a "Twitter clone." X may be "powered by AI" in the future, as Yaccarino noted, but the first phase of Twitter's rebrand is simple for now.
Persons: Elon, Mark Zuckerberg, Musk, Linda Yaccarino, Josh Gerben, Stacy Wu, Wu, didn't, Yaccarino, Joe Biden, Kamala Harris, Biden, " Biden, adieu Organizations: Twitter, Meta, Microsoft, Reuters, CNBC, Google Locations: we're, New York, China
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks rallyMajor U.S. stock indexes ended Monday in the green, with the Dow Jones Industrial Average notching an 11-day winning streak. Busy week for central banksThe U.S. Federal Reserve, the European Central Bank and the Bank of Japan will all announce interest rate decisions this week. Using FactSet data, CNBC Pro screened 100,000 stocks to identify just four major stocks from around the world that have raised dividends by more than 10% annually over the past 15 years.
Persons: Elon, Linda Yaccarino's Organizations: CNBC, U.S, Dow Jones, Shenzhen Component, Chinese Communist Party, Twitter Twitter, Twitter, U.S . Federal Reserve, European Central Bank, Bank of Japan, ECB, CNBC Pro Locations: Asia, Pacific, Shanghai, Shenzhen, U.S
For a whole lot of people, the latter best describes how they are feeling about Twitter, the live social conversation app. Having overseen — devised, really — the demise of Twitter, Musk has also created a reasonable chance that he could now be in charge of a complete brand blowout, should this daring reboot eventuate in extinction for X. The app formerly known as “Twitter” had almost 370 million users globally in December of last year, after Musk paid (overpaid) $44 billion to buy it. Less than a year later, it is already down to 353 million users, and Statista projects the number will decline to 335 million in 2024. Threads reached 100 million users in five days, which was surely the biggest case in history of rustling wandering strays from the herd.
Persons: Bill Carter, Bill Carter Fred Conrad, it’s, Elon Musk, , Musk, anoint, Molotov, Imran Ahmed, “ Elon Musk, Linda Yaccarino, Twitter ”, can’t Organizations: The New York Times, CNN, HBO, Twitter, Black, Center, San Francisco, SpaceX, Meta, Facebook, SNL, Nike
Let's do this," tweeted Yaccarino, who also posted a picture of the logo projected onto the company's offices in San Francisco. loadingloadingBoth Yaccarino's and Musk's Twitter handles feature the X logo, although the Twitter blue bird is still visible across the platform. He also referred to the "interim X logo," and tweeted that "soon we shall bid adieu to the Twitter brand and, gradually, all the birds". In response to a tweet asking what will tweets be called under X, Musk replied "x's". loadingThe original Twitter logo was designed in 2012 by a team of three.
Persons: Carlos Barria STOCKHOLM, Elon Musk, Linda Yaccarino, Yaccarino, Musk, adieu, Martin Grasser, Matt Rhodes, Drew Benvie, Battenhall, Supantha Mukherjee, Martin Coulter, Aiden Nulty, Bharat Govind Gautam, Barbara Lewis Organizations: REUTERS, Twitter, PayPal, NBCUniversal, SpaceX, Thomson Locations: San Francisco , California, U.S, San Francisco, Elon Musk's, Stockholm, London, Bengaluru
Come on, Elon Musk's X logo isn't that bad
  + stars: | 2023-07-24 | by ( Cheryl Teh | ) www.businessinsider.com   time to read: +2 min
The X logo is pretty nice. Mourn the blue bird for now, but get used to the new X. I know we miss the blue bird, but come on, the new X logo isn't that bad. Lots of people were nervous that the demise of the bird logo and its renaming to "X" would come with another ugly or incomprehensible logo. Goodbye, Twitter bird.
Persons: Elon Musk, Gabby, Mike Lindell's Frank Social, Linda Yaccarino, they'd, could've Organizations: San, Service, PayPal, Twitter Locations: San Francisco, Wall, Silicon, Grimes
Elon Musk announced Saturday that Twitter would be rebranding to X, replacing its bird logo and doing away with identifiable phrases like "tweet." Many Twitter users aren't totally on board with the move, resulting in CEO Linda Yaccarino's verbose statement being compared with a cringeworthy business pitch featured in "Succession." Kendall Roy, played by Jeremy Strong, describes it as "Substack meets Masterclass meets The Economist meets The New Yorker." Noah Shachtman, the editor-in-chief of Rolling Stone, quipped: "[Kendall Roy voice] It's, y'know, Venmo meets Clubhouse meets Ebay meets ChatGPT." "Enjoyable to imagine Kendall Roy saying this to investors," said another tweet, which has been seen 2 million times.
Persons: Elon Musk, Linda Yaccarino, Linda Yaccarino's, China's WeChat, It's, Roy, Kendall Roy, Jeremy Strong, Substack, Masterclass, Noah Shachtman, Rolling Stone, Bailey Carlin, Kendall, didn't Organizations: Rolling, Ebay, Twitter Locations: we're
New York CNN —In a radical rebranding, Twitter owner Elon Musk has replaced Twitter’s iconic bird logo with X.Musk made the shock announcement of his plans early Sunday. “Interim X logo goes live later today,” he wrote, shortly before sharing a photo of Twitter’s headquarters lit up by a giant new X. Increasing the pressure, earlier this month rival social media platform Threads launched from Facebook (FB) parent Meta. Twitter had 238 million active users prior to being taken private by Musk in October 2022. Musk explained his approach to free speech by saying: “Is someone you don’t like allowed to say something you don’t like?
Persons: Elon Musk, Musk, X.com, , “ adieu, Mary ”, Twitter's, David Odisho, Linda Yaccarino, Twitter, Mills, Adam Mosseri Organizations: New, New York CNN, Twitter, Facebook, SpaceX, Tesla, Defamation League, Free Press, GLAAD, Meta Locations: New York, Twitter's San Francisco
Twitter owner Elon Musk officially changed the company's famous bird logo to an "X" on Monday as part of a sweeping rebrand he announced on the social media site over the weekend. The transition from Twitter to X reflects Musk's vision to turn the platform into what he has called an "everything app." Twitter CEO Linda Yaccarino wrote in a post Sunday that X will be "centered in audio, video, messaging, payments/banking." The company first began its transition to X in April, when the name of Twitter Inc. changed to X Corp., according to court filings. He shared a photo of the X logo projected onto the company's headquarters Monday.
Persons: Elon Musk, adieu, Linda Yaccarino, Musk Organizations: Twitter, Twitter Inc, X Corp, SpaceX, Musk's, Confinity, PayPal Locations: Warsaw, Poland
Why Elon Musk Bid Twitter Goodbye
  + stars: | 2023-07-24 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +1 min
Twitter has flown awayBye-bye, blue bird: Twitter overnight began rebranding itself as X, replacing its longtime logo with a stylized symbol that was projected onto its San Francisco headquarters. X!” wrote Linda Yaccarino, the company’s C.E.O., as the social network starting rolling out its new branding. Gone is the stylized bird, once dubbed Larry T. Bird by the Twitter co-founder Biz Stone, which became one of the most famous internet logos — and which the company has described as its most recognizable asset. The platform’s about page hasn’t yet been updated, but Ms. Yaccarino repeatedly referred to X in a series of tweets outlining the company’s ambitions. Expect X to more fully pervade the company: Mr. Musk described an internal message to employees over the weekend as the last he’d send from Twitter, and he told a user that a post should be called an “x” instead of a tweet.
Persons: Elon, , Linda Yaccarino, Larry T, Stone, Yaccarino, Musk Organizations: Twitter, San Locations: San Francisco
Twitter on Monday rolled out its new logo and brand: 𝕏.𝕏 is also a generic Unicode character known as "mathematical double-struck capital X." The new logo is also nearly identical to the lowercase "x" in the Monotype font "Special Alphabet 4." Twitter has a new logo thanks to a major rebrand that Elon Musk announced over the weekend: 𝕏. But the new branding looks suspiciously like a generic Unicode character known as "mathematical double-struck capital X" that was added to the Unicode in March 2001. The company's newly minted CEO, Linda Yaccarino, tweeted that Twitter — now called "X" — will "transform the global town square."
Persons: sy
In this photo illustration, Elon Musk's new Twitter avatar "White X on black background" is displayed on a mobile phone with Twitter little blue birds logo in the background. Twitter is undergoing a major rebrand after owner Elon Musk announced that the platform would officially become "X" over the weekend, and CEO Linda Yaccarino addressed the change in a memo Monday that applauded employees for their hard work. The transition from Twitter to X reflects a step toward Musk's goal to turn the platform into what he has called an "everything app." Going forward, she wrote, X will continue to develop experiences in video, audio, messaging, banking and payments that will "delight" users. "Please don't take this moment for granted," Yaccarino wrote.
Persons: Elon, Elon Musk, Linda Yaccarino, CNBC's Sara Eisen, Yaccarino, X Organizations: Twitter
Twitter has started its rebrand to the "X" app that owner Elon Musk has long talked about building. Twitter's iconic blue bird logo is out as it rebrands to the "X" app, and it turns out "tweets" are out too. Twitter owner Elon Musk said posts on the platform should take on a new name — "x's" — consistent with the transition to "X." "x's," Musk replied. Twitter ushered in its new image pretty quietly, projecting the new X logo onto its San Francisco headquarters in the middle of the night.
Persons: Elon Musk, Musk, witter, ike, ake Organizations: Twitter, EO, ust, eads Locations: usk
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