Brazil Lifts Twitter Ban After Elon Musk Pays $5 Million Fine and More

[stewie_e]

Twitter/X is officially being unbanned in Brazil. pic.twitter.com/XOSnmXnqp7
- Pop Base (@PopBase) October 8, 2024
Brazil's Supreme Court has said it is lifting its Twitter ban. In his decision, Justice Alexandre de Moraes said that he authorized the "immediate return" of X/Twitter in the country after it paid hefty fines and blocked accounts

Comments

[derevko]

sounds like a lot in BRL but 5 million USD is nothing to him. should’ve demanded more, Xandao

[hallyujah]

Btw since one of Fidelity's funds invested with Musk in X and they have to disclose the value of those investments, we can get a pretty good idea what X is actually worth. They now assess that X/Twitter's entire enterprise value is $9.4 billion, nearly an 80% loss on his $44 billion purchase.

https://www.cnn.com/2024/10/02/business/elon-musk-twitter-x-fidelity/index.html

[insomniachobs]

Rinse and repeat. Mollusc makes a lot of blowhard noise about how he's going to do what he wants. When the law in one or more of X's major markets says no he makes more blowhard noise. Next he fucks around, quickly finds out, and is forced to climb down.

And all his acolytes on X keep falling for it. Every time they buy his schtick and crow that he will do what he wants and he doesn't need *insert enormous global market X can't afford to lose here*, and it turns out that actually he does.