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Cohost, the X rival founded with an anti-Big Tech manifesto, is running out of money and will shut down

Cohost, a would-be X rival launched to the public in June 2022, is shutting down, the company announced via the social network’s staff account earlier this week. The service had operated much like Twitter, offering users the ability to follow others, view posts in a feed, and like and repost content shared by others. However, […]

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X is hiring staff for security and safety after two years of layoffs

Nearly two years after the layoffs across X’s trust, safety and security teams, Elon Musk’s social media company is now trying to hire new employees to help moderate content and secure its platform, according to X’s official job listings.  In the last month, X posted two dozen job openings evenly split across its safety and

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

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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Dailyhunt parent VerSe’s valuation gets slashed 42% to $2.9B: investor note

Indian tech and media startup VerSe, which operates popular news aggregator Dailyhunt, is worth about 42% below its last private valuation, according to estimates by its investor 360 One.  The wealth and asset manager disclosed in a June update to its investors that it values VerSe at $2.9 billion, according to an internal document reviewed

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Ex-Twitter CISO Lea Kissner appointed as LinkedIn security chief

LinkedIn has a new chief information security officer, Lea Kissner. Announcing the appointment in a LinkedIn post (fittingly), Kissner said they are “excited” to take on the new role.  Kissner most recently served as CISO at cloud security startup Lacework. Prior to that, they were Twitter’s CISO until their departure in November 2022, weeks after Elon

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The banks that loaned Musk $13B to buy Twitter might be having regrets

X, the social network formerly known as Twitter, looks like a pretty bad investment right about now. As readers might recall, billionaire Elon Musk borrowed $13 billion from Morgan Stanley, Bank of America and five other major banks to help finance the $44 billion acquisition of Twitter, as it was then called. According to the

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