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The U.S. Securities and Exchange Commission filed a lawsuit against billionaire Elon Musk on Thursday. The SEC lawsuit seeks to compel Elon Musk to testify in the agency’s investigation into his controversial purchase of Twitter last year. The SEC is probing whether Musk violated sec urities laws during his acquisition of Twitter stock and in his public statements about the company in 2022. However, the regulator says Musk failed to appear for scheduled testimony in San Francisco last month. Also read: Ex-FTX developer Discloses $8B Discrepancy During Trial JUST IN: 🇺🇸 SEC launches investigation into Elon Musk's purchase of Twitter. — Watcher.Guru (@WatcherGuru) October 5, 2023 Elon Musk closed the $44 billion Twitter deal in October Elon Musk closed his tumultuous $44 billion takeover of Twitter in October 2022 after several months of legal trouble. He proceeded to enact major changes as CEO until he stepped down in June 2023. Under...

The crypto community has asked Elon Musk to remove the X account under the name of Satoshi Nakamoto claiming it is in breach of the platform’s terms of use. Members of the crypto community have rallied behind a post on X calling for Elon Musk to remove the profile on the platform that has been claiming to be the fabled creator of Bitcoin (BTC) Satoshi Nakamoto.  On Oct. 3 the X profile Pledditor posted saying both the account claiming to be Satoshi Nakamoto and the account with the handle “Bitcoin” should be removed as they are breaching the platform’s terms of service for using "misleading and deceptive" identities. Hey @ElonMusk, the @Bitcoin and @Satoshi accounts are in breach of your terms of service for using "misleading and deceptive" identities. Please remove the checkmarks. pic.twitter.com/BCwFMSOfQJ — Pledditor (@Pledditor) October 2, 2023 Pledditor continued to highlight the areas of the terms and conditions in which they believed the accounts to be ...

Ethereum’s co-founder, Vitalik Buterin, has shed light on the unsettling breach of his X (Twitter) account , attributing it to a SIM-swap attack . Sharing his experience on Farcaster, a decentralized social media platform, on Sept. 12, Buterin recounted his ordeal. He stated that the hacker manipulated T-Mobile, the telecommunications service provider, to seize control of his phone number. “Yes, it was a SIM swap, meaning that someone socially-engineered T-mobile itself to take over my phone number.” Vitalik Buterin, co-founder of Ethereum This sophisticated social engineering tactic allowed the hacker to reset the password of Buterin’s X account , even without utilizing it as a two-factor authentication (2FA) method. The Ethereum (ETH) magnate has regained control of his T-Mobile account and urged users to consider removing their phone numbers from X (Twitter) to enhance security. He acknowledged that he had previously encountered advice against using ph...

Recently, Elon Musk has been making waves with his changes to his social media platform Twitter , one of the biggest in the world. However, the name of the platform may be the next to change, completely altering the way we look at the brand. Musk and the Twitter team are working to change Twitter to “X”, and he says that this will become “the most valuable brand on earth.” JUST IN: Elon Musk says "X will become the most valuable brand on Earth." — Watcher.Guru (@WatcherGuru) July 25, 2023 The bold claim comes in a tweet by Elon in response to a Bloomberg, where he adds “Mark my words.” Bloomberg’s story quoted brand agencies and analysts who estimate getting rid of the Twitter brand will likely wipe anywhere from $4 billion to $20 billion off the company’s value. The billionaire plans to make X a comprehensive communication platform that also can conduct robust financial transactions. Also Read: Twitter...

Also Read: Ethereum Births New Token Standard, Will This Reduce ETH Supply? advertisement Earlier, Musk announced Twitter was applying temporary limits to user activity to address “extreme levels of data scraping and system manipulation. This involves capping the number of tweets account holders can read per day, categorized between verified and unverified accounts differently. Whether or not Zuckerberg preponed the launch following Musk’s new rules on user activity is yet to be confirmed but it is likely the best possible to roll out for download. Threads App Launch Date, Download According to the Apple App Store Preview page of ‘Threads, an Instagram app’, the application is expected to be available for download as soon as Thursday, July 6, 2023. The new app comes across as a place where people connect, share ideas and trends with text. Describing itself as Instagram’s text-based conversation app, the developers envision it as a pl...

Yaccarino, who used to work with NBCUniversal claimed that she has been getting a lot of questions from people about why she chose Twitter. She made a Twitter thread for this purpose and also included the details in the first memo which she sent out to employees. She titled the memo “Building Twitter 2.0 Together”. Hello Twitter. People keep asking me: Why Twitter?  So, I’ll tell you.  — Linda Yaccarino (@lindayacc) June 12, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] Must Read ...

An array of individuals have questioned Elon Musk ’s paid subscription direction on Twitter . Starting in April 2023, the social media platform’s legacy blue checkmark will be removed. Users will have to pay to get verified on Twitter . While Elon Musk has been busy promoting Twitter blue, earlier today, he revealed how paid accounts are pertinent in today’s world. Artificial Intelligence [AI] has taken over the world. In the past couple of days, AI has been taking on several tasks, and exams, and proving its capabilities. Highlighting the same, Musk further noted how AI had the capacity to solve any “prove you’re not a robot” tests. One of the main reasons that Musk took over Twitter was to eliminate bots. Therefore, he attributed his latest move of paid accounts to the potential advent of bots. Given that modern AI can solve any “prove you’re not a robot” tests, it’s now trivial to spin up 100k human-like bots for less than a penny per account. Paid verification increases bot c...

The team said that the upcoming feature would be made available in the app's next update but is yet to reveal a timeframe. Decentralized social network Damus teased an upcoming feature in its app that would allow users to earn Satoshi — the smallest fraction of Bitcoin (BTC)  — based on post engagement on the platform. In a Twitter post, the Damus team highlighted that there will be a feature that allows users to earn Satoshis in the next version that’s “coming soon.” The team did not provide any details after the announcement. Coming soon in the next version... earn sats directly on posts! This post earned 118k sats which is about $40. Pretty neat! pic.twitter.com/dAbWWD4i93 — Damus️ (@damusapp) February 5, 2023 Damus describes itself as a social network controlled by users and does not rely on centralized companies. The application is built on Nostr, or “Notes and Other Stuff Transmitted by Relays,” which is a decentralized network that enables end-to-end private messaging. ...

Elon Musk has come under fire for a number of things ever since he took control of Twitter . Musk was undoubtedly attracting a lot of attention when he started sacking top executives, charging $8 for Twitter Blue, and launching numerous other initiatives. The CEO of Tesla spoke about Twitter Files on Saturday, sharing the tweet thread by journalist Matt Taibbi. Taibbi was provided with details of Twitter’s behind-the-scenes discussions and decision-making. Musk stated in a Dec 4 tweet that they, “need another day or so,” but didn’t disclose an exact date for the release of Episode 2 of Twitter Files. Jack Dorsey , co-founder and former CEO of Twitter , replied to Musk, stressing transparency. JUST IN: Twitter Founder Jack Dorsey urges Elon Musk to release all Twitter Files publicly with no filter. — Watcher.Guru (@WatcherGuru) December 7, 2022 Jack Dorsey urges Musk to make everything public In his tweet reply, Dorsey stated that ...

The former FTX CEO is receiving major backlash for his New York Time DealBook Summit and Good Morning America interviews. The Former CEO of FTX, Sam Bankman-Fried, known also as SBF, has seemingly begun to embark on an apology tour to redeem his image a month after the sudden implosion of FTX, which revealed the exchange’s improper use of customer and investor funds.  OnNov 30, Bankman-Fried made his first live public appearance since the collapse of FTX — answering a number of questions during the DealBook Summit in New York. In the interview, Bankman-Fried claimed to have “unknowingly commingled funds” between Alameda and customer funds at FTX. He shared:  “I unknowingly commingled funds. [...] I was frankly surprised by how big Alameda’s position was, which points to another failure of oversight on my part and failure to appoint someone to be chiefly in charge of that.” In another interview that aired on the morning of Dec. 1 on Good Morning America, Bankman-Fried denied any kno...

Continuing what has been an eventful first month in charge of the social media platform, Elon Musk says that Twitter has, “interfered in elections,” in the past, highlighting his want to build a much different platform. The new CEO has not failed to make headlines following the $44 billion acquisition of the platform. Yet, as mass layoffs and financial uncertainty abound, Musk is ensuring that his ultimate goal is a more trustworthy entity. JUST IN: Elon Musk says Twitter "has interfered in elections" in the past. — Watcher.Guru (@WatcherGuru) November 30, 2022 Musk Calls Out Past Twitter Since the Tesla founder took over the social media platform, Twitter has dominated the news. Questions surrounding verification, Twitter Blue, and massive changeovers have made for an eventful early period of ownership. Now, Musk has called out the previous regime for building a product that failed standards of trust with a damning accusation. In a Tweet, Musk stat...

After Elon Musk lamented the winding back of Apple's Twitter advertising, crypto company LBRY replied about its own troubles with Apple and censorship. Blockchain-based file-sharing and payment network LBRY has alleged that tech giant Apple forced it to filter out certain search terms during the COVID-19 crisis in an apparent rejection of free speech.  In a Nov. 28 post on Twitter, LBRY alleges it was asked to censor anything related to COVID-19, especially vaccines and the human origins of the virus, or face having its apps removed from the Apple store. "We had to build a list of over 20 terms to not show results for, only on Apple devices. If we did not filter the terms, our apps would not be allowed in the store," the crypto company alleged. LBRY is a decentralized content-sharing platform that allows artists, filmmakers, writers and other content creators to retain full artistic and financial control over their work. Its Odysee video-sharing website is one of its be...

Elon Musk’s $44 billion worth of Twitter takeover has been the talk of the town. The transfer of ownership has been rather chaotic as Musk was seen implementing an array of new changes to the social media platform. Alongside this, he reportedly revealed that he intends to slash jobs at the platform by half. Musk, certainly, invited legal trouble with this one. As per recent reports, a class action lawsuit was filed yesterday in the San Francisco federal court. It was recently brought to light that Musk wanted to take down about 3,700 jobs at Twitter. This is reportedly half of the social media platform’s workforce. While these employees were expected to be informed about the same today, the lawsuit could switch things up. According to Musk’s alleged plan, the employees that would lose their jobs would be given 60 days of severance pay. The latest lawsuit noted how Twitter was cutting down its workforce without providing enough notice. This was further consi...

The world’s richest man, Elon Musk, and his recent Twitter acquisition was appearing to be chaotic by the day. While the community expected a smooth transition of ownership, Musk has certainly been stirring up quite the buzz. Layoffs at the social media giant have been a persistent rumor that has gained attention. But according to recent reports, this rumor might actually be true, which would be bad news for Twitter staff. JUST IN: Elon Musk plans to eliminate half of Twitter's jobs to cut costs, Bloomberg reports. — Watcher.Guru (@WatcherGuru) November 3, 2022 Twitter employees have been living in uncertainty ever since Musk’s $44 billion acquisition came through. A recent report pointed out that Musk, in a meeting with advisors planned to lay off about 3,800 employees from the firm. It should be noted that David Sacks, a former PayPal executive was also present in this call. Bloomberg, on the other hand, revealed that about 3,700 employees would be sacke...

As Elon Musk recently acquired Twitter, the social media giant is bracing for numerous changes. Musk was trending in the headlines as the hype around the Twitter acquisition was literally everywhere. Tesla’s CEO finalized the $44 billion deal on October 27, 2022. After claiming his throne, Musk began his work by firing some of the top executives and dismissing the board members. And then the major question started popped up, what’s next? Everyone was curious to know what changes would happen to the social media behemoth. Elon Musk recently dropped a tweet on how much the charges for the Twitter Blue subscription will cost. Twitter Blue will be $8 per month “Twitter’s current lords & peasants system for who has or doesn’t have a blue checkmark is bullshit,” Elon Musk said in one of his most recent tweets. According to Musk, users will be able to purchase Twitter Blue for $8 per month. Musk also discussed that the price has bee...

Elon Musk had some company changes planned prior to the $44 billion Twitter acquisition deal. One of his first steps included the firing of some of the top executives. Musk reportedly closed the deal for his $44 billion Twitter purchase on October 27, 2022, a day before the deadline. While some were overjoyed by the news, the majority of the executives were not delighted with Musk’s takeover. This also included Twitter’s upper management. A recent report has now surfaced from the WSJ stating that Elon Musk has now dissolved the Twitter board. The board of nine members has now been ousted, leaving Elon Musk as the sole director of Twitter . JUST IN: Elon Musk dissolves the Twitter Board, consisting of nine members, and now serves as the sole director. — Watcher.Guru (@WatcherGuru) October 31, 2022 Nine-member board is no longer a part of Twitter after the deal A securities filing on Monday by Twitter revealed that the nine-member Twitter board i...