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Twitter - X

Twitter was never the largest social network, but it remained one of the most influential as a home to celebrities, journalists, and influencers of all sorts and the go-to network for breaking news. Since Elon Musk purchased it, Twitter’s employee count has dropped by more than half, advertisers have tightened budgets, and it’s charging money for access to verified checkmarks and Tweetdeck. Oh, and now it’s called X instead of Twitter.

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Mia Sato
Media Matters is still fighting.

The left-leaning nonprofit watchdog has been a frequent target of Elon Musk and other Republicans for its reporting on the right wing media ecosystem. Its legal battles have left the group with mounting bills, concerns for staff safety, and hesitant donors, The New York Times reports.

“Unlike some major media entities that have recently caved to pressure, we understand that this battle is larger than us,” Angelo Carusone, the president of Media Matters, said in a statement. “That’s why we continue to carry out our mission and fight in court.”

This ‘violently racist’ hacker claims to be the source of The New York Times’ Mamdani scoop

They say Columbia is just one of five universities they’ve penetrated.

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Youtube
Jay Peters
Jack Dorsey says the process of purchasing Twitter was a ‘disaster’ for Elon Musk.

And for Twitter, too, he says in a new podcast with Rabble (aka Evan Henshaw-Plath), who hired Dorsey at Odeo. The specific part starts a little after 28 minutes.

Dorsey has also invested $10 million in a group Rabble is a part of called “and Other Stuff,“ according to TechCrunch. The group is working on “a common vision for the development of Nostr infrastructure and products.”

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Richard Lawler
“Now that he’s back into his businesses, he was never going to put her to be the head of an AI company at all.”

The Financial Times has this quote from an anonymous source who worked with both Elon Musk and ex-X CEO Linda Yaccarino.

It’s explaining the executive’s departure despite getting some advertisers back on X “with a gun,” and developing the X Money digital wallet and payments project that is reportedly still set for release later this year. A CFO who reported directly to Musk, the return of his focus after leaving the Trump administration, and xAI’s $33 billion acquisition all apparently played a role.

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Jess Weatherbed
Threads is catching up to X on mobile.

According to Similarweb data reported by TechCrunch, the Threads mobile app reached 115.1 million daily active users in June, compared to the 132 million daily actives for X and 4.1 million for Bluesky. But while X’s growth declined by 15.2 percent year-over-year on mobile, Threads has increased by 127.8 percent during the same period.

X only has to take Meta seriously on iOS and Android, however, given it’s still thrashing both Threads and Bluesky for web visits.

A chart showing the daily active users for X, Threads, and Bluesky in June, 2025.
Meta’s Threads is coming for X’s mobile ad revenue.
Image: Similarweb via TechCrunch
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Twitter
Jay Peters
X has a new head of product.

Nikita Bier, a co-founder of tbh (acquired by Meta, then Facebook, in 2017) and Gas (acquired by Discord in 2023), will lead product at the social network.

Bier once made a pitch for the role directly to Musk on X in 2022, shortly after Musk revealed his intentions to buy the company (then Twitter).

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Lauren Feiner
X sues to block a New York law that would make it share how it monitors hate speech.

The Elon Musk-run platform alleges the Stop Hiding Hate Act “impermissibly interferes with the First Amendment-protected editorial judgments” of companies like X to decide how to moderate content. Platforms could face fines unless they disclose what X calls “highly sensitive and controversial speech,” which it says the state may not like. The Ninth Circuit Court of Appeals already blocked parts of a similar California law on First Amendment grounds, following a separate X challenge.

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Elizabeth Lopatto
Wow, there sure is a lot of news about Elon Musk’s companies all of a sudden.

Were you feeling left out by the terrible economics of Musk’s Twitter buyout? Great news! xAI, which now owns Twit — I mean, X — is selling shares. Also, Neuralink, newly freed from those pesky FDA staffers overseeing its applications, raised more money. has raised $650 million. Plus, there will be a public demo in two weeks! You know, if I were a cynical person, I might think Musk was trying to publicly distance himself from his time at DOGE.

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Richard Lawler
Elon Musk says XChat is rolling out with “Bitcoin-style” encryption.

After announcing a “pause” on encrypted DMs earlier this week, Musk said the company formerly known as Twitter has started to test a new messaging system with support for file transfers and calling. TechCrunch recently reported the feature had begun to appear for some paying users, but there’s no word yet on when it may be more widely available.

All new XChat is rolling out with encryption, vanishing messages and the ability to send any kind of file. Also, audio/video calling. This is built on Rust with (Bitcoin style) encryption, whole new architecture.

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Dominic Preston
How the banks salvaged Elon’s X debt.

When Musk bought Twitter, the banks that backed him were left with almost $13 billion of debt that was quickly branded toxic. Three years on, they’ve mostly made their money back, boosted by Trump’s election and a little help from Elon himself. As one banker put it: “It was a bet on the world’s richest man, and it paid off.”

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Jay Peters
X’s encrypted DMs are being put on pause.

The company is pausing the feature “while we work on making some improvements,” according to a post. X, then Twitter, launched encrypted DMs in May 2023, but they had some limitations.

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Emma Roth
X is losing users in Europe.

In a report published as part of X’s compliance with EU laws, the platform revealed that monthly active users in Europe decreased from around 105 million in October 2024 to 95 million as of April 2025. France lost the most users (2.7 million), followed by Poland (1.8 million) and Germany (1.3 million), as pointed out by Politico.

The DOGE days have just begun

If you want a friend in Washington, get a DOGE.

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The Verge
Lauren Feiner
Twitter limited Instagram’s integration ‘in direct retaliation’ to Facebook.

After the acquisition, Systrom says he informed his board that Twitter had decided to restrict access to part of its API, which allowed people to find their Twitter friends on Instagram. A Twitter executive “made it clear that this is in direct retaliation to Facebook cutting off the same API access to Twitter. I can only imagine Jack + Dick are also not very happy about the acquisition.”

Their feud also blocked Instagram link previews in tweets until it was resolved over backyard pizza in 2021.

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Twitter
Jess Weatherbed
xAI improved Grok’s memory.

The new chatbot feature is similar to memory capabilities that have long been available on ChatGPT and Gemini, allowing users to set aside some older conversations that can be referenced in future inquiries.

xAI says Grok’s memory feature is available on the Grok website and iOS/Android app in beta (excluding EU/UK), and will be added to X’s built-in version of Grok “soon.”

OpenAI is building a social networkOpenAI is building a social network
OpenAI
Big Tech’s tax bill is on the table in tariff talks

The UK is prepared to cut a tax that targets Silicon Valley, and other countries may follow suit.

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Dominic Preston
X and Twitch make nice.

According to a legal filing X is willing to drop Twitch from its antitrust lawsuit accusing advertisers of an “illegal boycott,” but only if Twitch meets “certain conditions” by the end of the year — though it hasn’t said what those are. Amazon-owned Twitch wasn’t one of the initial companies X sued, but was added at a later date. It’s not the first to get out either — Unilever was dropped from the suit in October 2024.

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Richard Lawler
A misreported “90-day pause” on tariffs caused a brief market spike.

Somewhere in the loop of Reuters / CNBC newswires connected to stock traders’ terminals and the @deitaone account on X that usually reposts wire reports, a comment from Trump economic adviser Kevin Hassett was reported as though the White House would consider a 90-day pause on tariffs for countries other than China.

The only problem is that while his response to being asked about a pause in a Fox News interview started with the word “yeah,” it was not a yes to the question being asked. The White House claimed the whole thing was fake news, and prices quickly dropped again.

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Jay Peters
The EU might hit X with a huge fine.

The European Union could announce a fine against X this summer that exceeds $1 billion for violating the Digital Services Act, The New York Times reports.

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Richard Lawler
X + xAI = $113 billion.

As Wall Street Journal reporter Meghan Bobrowsky highlights, the valuations used for Elon Musk’s all-stock combo platter of X companies were negotiated in an... interesting way.

The WSJ article also mentions “Executives at the companies, which share personnel, believe it will be easier to raise money for the combined businesses under xAI than it would be separately,” and that all shares of X and xAI will be exchanged for shares in a new company: xAI Holdings Corp.

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Dominic Preston
Grok joins Telegram.

X’s AI chatbot is now baked into the encrypted messaging app, though you’ll have to be a Telegram Premium subscriber to take advantage and chat to it.

The team-up shouldn’t come as a huge surprise. X owner Elon Musk backed Telegram CEO Pavel Durov after his arrest in France last year, and both CEOs have positioned themselves as defenders of free speech.

X’s head of engineering is outX’s head of engineering is out
Twitter - X
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The Verge
Mia Sato
Luigi Mangione’s X account has been taken offline.

It’s not immediately clear whether the platform or someone with control (like his defense team) removed the account. Mangione, who is accused of gunning down UnitedHealthcare CEO Brian Thompson in December, has amassed something of a following since his arrest. At a routine court hearing in February, hundreds of people tried to get a seat in the courtroom.

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Dominic Preston
X bounces back to $44 billion.

Investors have reportedly valued the social media giant at the same amount Elon Musk purchased it for in 2022, a sharp jump after it was deemed worth less than $10 billion in September 2024.

Musk’s plum position in the White House might have something to do with X’s perceived change of fortunes, though that hasn’t helped Tesla, which is in the midst of a 50 percent stock slump since December. Bloomberg added to the report later, saying X raised “almost $1 billion in new equity funding” with participation from Musk.