#twitter

Former Twitter (now X) CEO Parag Agrawal is back in the news as his new AI startup, Parallel Web Systems, has achieved a valuation of Rs 19,020 crore following a $100 million funding round. Agrawal, who was dismissed by Elon Musk in 2022 after the latter acquired Twitter, has reentered the tech industry with his venture, which focuses on artificial intelligence. The startup’s recent funding has propelled its valuation to over $2 billion, marking a significant milestone in Agrawal’s post-Twitter career. Agrawal’s departure from Twitter in 2022 sparked widespread speculation about his future plans. After leaving the company, he remained largely out of the public eye until the announcement of Parallel Web Systems. The startup’s success underscores the growing interest in AI technologies and highlights Agrawal’s ability to attract substantial investment despite his previous exit from Twitter. The $100 million funding round suggests confidence in the startup’s potential to disrupt the tech landscape, particularly in the field of AI development. The valuation of Rs 19,020 crore reflects the market’s optimism about Parallel Web Systems’ capabilities and its alignment with current technological trends. Agrawal’s experience as a former Twitter CEO, where he oversaw the platform’s operations before Musk’s takeover, has likely contributed to the startup’s credibility. His return to the spotlight demonstrates the enduring influence of his leadership in the tech sector. The announcement of the funding and valuation comes amid a broader shift in the tech industry toward AI innovation. Companies across the globe are investing heavily in artificial intelligence, and Agrawal’s startup is positioned to capitalize on this trend.#ai #elon_musk #twitter #parag_agrawal #parallel_web_systems

João Neves’ Controversial MVP Snub Sparks Fan Outcry Over Cristiano Ronaldo’s Alleged Retaliation João Neves, a prominent football analyst, has ignited a firestorm on social media after selecting himself as the standout player for Portugal’s national team in his latest "MVP" rankings, leaving out Cristiano Ronaldo. The decision has prompted fierce reactions from Ronaldo’s supporters, who are now speculating that the Portuguese legend may retaliate by sidelining Neves in future matches. Fans have taken to platforms like Twitter to express their frustration, with some joking that Ronaldo would exclude Neves from the national team lineup entirely. The controversy erupted after Neves, known for his bold predictions in global football leagues, named himself as the top performer for Portugal in his recent analysis. His selections for other leagues—Pedri in La Liga, Lionel Messi in MLS, and Félix in the Saudi Pro League—were met with mixed reactions, but the Portugal pick drew the most attention. Ronaldo, widely regarded as one of the greatest players of all time, was notably absent from Neves’ list, sparking accusations of bias and disrespect. Social media users have flooded platforms with comments mocking Neves’ choice. @zobaphi4 tweeted, “He’s not playing in the next match 😭,” while @FinishedBluds quipped, “Nah, Ronaldo’s teammates don’t rate him.” Others, like @zenniha, expressed disbelief with “What am I hearing 😹,” and @just_mykell lamented, “Tears man, nobody from Portugal rates him😭.” These reactions highlight the deep divide between fans who support Ronaldo’s legacy and those who question his relevance in modern football. The fallout has also raised questions about Neves’ credibility as an analyst.#cristiano_ronaldo #joo_neves #twitter #soccer #portugal_national_team

X down globally: Thousands unable to access their news feed, facing disruptions with Elon Musk’s social media app Elon Musk’s social platform X, formerly known as Twitter, is experiencing a widespread outage globally, affecting users in major regions including India. According to Downdetector, an online outage monitoring service, over 34,000 users in the United States and more than 17,000 in India have reported difficulties accessing the platform. The disruption has led to significant challenges for users relying on X for news updates, social interactions, and real-time information. Data from Downdetector indicates that approximately 47% of users are encountering issues with the news feed or timeline, while 34% have reported problems with the mobile app. The remaining 13% have faced difficulties accessing the website. Reports of the outage began appearing in India around 12:30 PM local time, with the number of affected users increasing steadily since then. Users have taken to social media to share their frustrations, with some humorously criticizing the platform’s performance. One user joked, “Elon can’t handle fee millions of traffic he wants to go to Mars. Haha,” while another remarked, “Damn, I thought it was just me but it’s down for everyone.” The outage has left many without their usual space for live reactions, as the platform itself is inaccessible. However, a few users managed to post about the situation while the service was down. The company has not issued an official statement regarding the outage, leaving users to speculate about the cause and potential resolution. Without access to X, users are left waiting for the platform to restore functionality. Meanwhile, the incident has sparked discussions about the reliability of the platform and its impact on global communication.#india #elon_musk #x #downdetector #twitter

US Jury Finds Elon Musk Misled Investors During Twitter Purchase A federal jury in California has ruled that Elon Musk misrepresented information to Twitter shareholders, contributing to a significant drop in the company’s stock price during his planned $44 billion acquisition of the social media platform. The verdict, delivered on Friday, marks a rare legal setback for Musk, who has often evaded accountability in past lawsuits. The case, a class action securities lawsuit, could result in the world’s richest person being ordered to pay billions in damages, according to calculations by the jury. The trial, which spanned three weeks in a San Francisco federal court, included in-person testimony from Musk. Jurors determined that two tweets Musk posted in May 2022 contained false claims about the financial viability of the Twitter acquisition. These statements, the jury found, played a role in driving down the company’s share price during a critical period. Investor Giuseppe Pampena filed the lawsuit on behalf of individuals who sold Twitter shares between mid-May and early October 2022. The verdict form revealed that jurors agreed Musk violated a securities rule prohibiting false and misleading statements that depress stock prices. A plaintiff’s lawyer estimated the damages at approximately $2.6 billion. However, the nine-member jury did not find Musk guilty of intentionally scheming to deceive investors, absolving him of some fraud allegations. Musk’s legal team immediately announced plans to appeal the decision, calling it a “setback.” The billionaire, who acquired Twitter in late 2022 and renamed it X, has not publicly commented on the verdict. His reputation for avoiding legal consequences—often referred to as “Teflon Elon”—has been challenged by this ruling.#tesla #elon_musk #space_x #twitter #giuseppe_pampena

Elon Musk found liable for misleading claims about Twitter bots in shareholder fraud case A U.S. federal jury ruled on Friday that Elon Musk, the world’s richest person, defrauded Twitter shareholders by making false statements about the number of fake accounts on the platform, which he claimed could derail a $44 billion takeover in 2022. The verdict, delivered in a San Francisco federal court, found Musk liable for two specific statements he made after agreeing to acquire Twitter, which he later renamed X. Shareholders’ lawyers estimate the damages could reach billions of dollars, though the exact amount has not yet been determined. The case centered on Musk’s claims that Twitter underreported the number of bot accounts on its platform. Jurors determined that Musk’s statements, which suggested the company’s bot count could jeopardize the takeover, were misleading. One statement claimed the purchase was “temporarily on hold” pending verification that bots represented less than 5% of users. Another asserted that the bot percentage could be “much” higher than 20%, and the deal could not proceed unless Twitter’s CEO proved the figure was below 5%. Musk’s legal team, represented by Quinn Emanuel Urquhart & Sullivan, called the verdict “a bump in the road” and announced plans to appeal. They argued that Musk’s concerns about bots were genuine and that expressing such views did not constitute fraud. Michael Lifrak, one of Musk’s attorneys, emphasized that the billionaire’s actions were based on legitimate worries about the platform’s integrity. The lawsuit, brought by shareholders who sold Twitter shares between May 13 and October 4, 2022, alleges that Musk artificially depressed the stock price by spreading false information.#securities_and_exchange_commission #elon_musk #x #twitter #quinn_emmanuel_urquhart_sullivan

Elon Musk Twitter Verdict Misled Investors Before $44 Billion Purchase A jury in California ruled that Elon Musk misled Twitter investors during the period leading up to his $44 billion acquisition of the social media company. The verdict, announced on Friday, found that Musk’s actions harmed shareholders but did not constitute a deliberate fraud scheme. The case, which centered on Musk’s public statements about the company’s user base and platform integrity, has significant implications for corporate accountability and investor protection. The lawsuit, Pampena v. Musk, was filed in October 2022 after Musk finalized his purchase of Twitter for $54.20 per share. He later rebranded the company as X, merged it with his artificial intelligence firm xAI, and integrated it with SpaceX, his aerospace company. The case originated from Musk’s initial bid to acquire Twitter in April 2022, which quickly faced scrutiny as he expressed doubts about the company’s claims regarding the prevalence of bots, spam, and fake accounts on its platform. Musk tweeted in May 2022 that his acquisition was “temporarily on hold” until Twitter’s CEO could verify the authenticity of its user base, citing the company’s reported 5% bot rate in SEC filings. Plaintiffs, including retail investors and options traders, argued that Musk’s public criticisms were part of a coordinated effort to pressure Twitter’s board into accepting a lower purchase price. They claimed his remarks were motivated by financial pressures at Tesla, which would require him to sell more shares to fund the acquisition. The plaintiffs’ attorneys emphasized that the case was not about Musk personally but about the broader impact on average investors, including 401(k) holders, pension funds, teachers, and public servants.#elon_musk #x #twitter #pampena_v_musk #quinn_emmanuel

X Outage: Users Report Issues with App and Website Access Users across India reported significant disruptions on Tuesday evening as the X platform, formerly known as Twitter, experienced a widespread outage. According to outage-tracking service Downdetector, over 3,836 reports were logged during the incident, with a sharp increase in complaints around 8:24 PM IST. The technical difficulties prevented users from accessing the app, website, and feed, making it impossible to post or share content. The outage affected both individual users and businesses reliant on the platform for communication and updates. The exact cause of the disruption remains unclear, and X has not yet released an official statement or explanation. The company, which is currently led by Elon Musk, has faced several technical challenges in recent months, including previous outages and ongoing issues with its platform’s performance. While some users speculated that the problem could be related to server maintenance or software updates, no confirmation has been provided. The incident highlights the growing reliance on X as a primary communication tool, particularly in regions like India where the platform has a massive user base. The outage disrupted real-time interactions, affecting social media activity, customer engagement, and even news dissemination. Analysts noted that such incidents can have ripple effects on businesses and public discourse, emphasizing the need for robust infrastructure and contingency plans. Downdetector, which tracks service outages globally, confirmed that the outage was among the most significant in the platform’s history. The spike in reports during the evening hours suggests that the issue may have coincided with peak usage times, exacerbating the impact on users.#india #elon_musk #x #downdetector #twitter

Elon Musk and the Securities and Exchange Commission are in discussions to resolve a civil lawsuit over allegations that he violated securities laws during his acquisition of Twitter. The SEC accused Musk of failing to disclose his significant stake in the social media company in a timely manner, which the regulator claims allowed him to purchase shares at unfairly low prices. According to a court filing released on Tuesday, the SEC stated it is engaged in talks to reach a potential resolution that could avoid further legal proceedings. The lawsuit, filed by the SEC in January 2025, is being handled in a federal court in Washington, D.C. Separately, a class-action lawsuit brought by former Twitter investors is progressing in a San Francisco federal court, with a jury set to deliberate soon. Musk, who serves as CEO of Tesla and SpaceX, acquired Twitter for $44 billion in late 2022 and rebranded it as X the following year. Before the purchase, he had accumulated a stake exceeding 5%, a threshold requiring public disclosure within 10 days. However, Musk delayed filing the required disclosure, prompting the SEC’s legal action. The regulator argued that his failure to disclose the stake created an unfair advantage, enabling him to buy shares at artificially low prices and disadvantaging other investors. The SEC’s complaint highlighted the potential harm caused by Musk’s actions, emphasizing the impact on market fairness. Musk’s legal team has not yet commented on the matter, and the SEC has also declined to provide further details. This case follows a previous settlement involving Musk and the SEC over securities fraud charges at Tesla, where Musk and the company paid $20 million in fines and Musk temporarily stepped down as chairman of Tesla’s board.#securities_and_exchange_commission #tesla #elon_musk #x #twitter

Musk's motives are debated as Twitter shareholder trial nears end A federal jury in San Francisco is deliberating whether Elon Musk defrauded former Twitter shareholders by publicly questioning the company’s bot problem in 2022, which allegedly drove down its stock price. The trial, which began on March 2, centers on whether Musk’s statements about the platform’s fake accounts constituted securities fraud. Lawyers for the plaintiffs argue that Musk’s repeated claims about the scale of bots—saying the percentage could be 20% or more—were designed to pressure Twitter’s executives and undermine investor confidence. Mark Molumphy, the lawyer representing the shareholders, told the jury that Musk’s actions were deliberate. He cited three instances where Musk publicly raised concerns about the number of bots on Twitter, claiming the figure could be four or five times higher than the 5% disclosed by the company. Molumphy argued that Musk knew Twitter had understated the bot count by April 2022, when he signed the merger agreement to acquire the company for $44 billion. “He trashed the company. Trashed the executives. And tanked the stock,” Molumphy said during his closing argument. Musk’s defense, led by attorney Michael Lifrak, countered that the billionaire had genuine concerns about the bot problem and was focused on assessing its severity, not on manipulating the stock price. Lifrak dismissed the plaintiffs’ claims, stating that two tweets and a podcast did not constitute securities fraud. He emphasized that the plaintiffs had not provided evidence of intentional deception, only speculation that Musk’s silence would have prevented the stock decline. “The only thing the plaintiffs have told you is that if Mr. Musk hadn’t said anything, the stock wouldn’t have gone down,” Lifrak said. “But they didn’t prove fraud.#san_francisco #elon_musk #mark_molumphy #michael_lifrak #twitter