Brazil

Top court orders ban on Elon Musk’s X in Brazil

Media & Entertainment /

A top court in Brazil ordered an immediate, country-wide suspension of the X platform on Friday after a months-long legal battle with Elon Musk’s social media company over content moderation, according to Bloomberg.   Earlier this month, X closed its operations in Brazil in protest against court orders asking it to remove accounts that allegedly […]

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Lux Capital made its first investment in Brazil, a $4M seed for AI fintech Magie

Fintech /

Brazil fintech Magie raised $4 million in a seed round led by Lux Capital, marking the firm’s first investment in Brazil. The company, which has raised $5.1 million in total, is creating an AI-powered financial assistant. The current product allows people to send money and pay bills through WhatsApp.  For cofounder Luiz Ramalho and Lux

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