Why did Twitter (X)’s valuation tank 56% in one year?

The company formerly known as Twitter, X is valuing itself at $19 billion, per internal documents obtained by Fortune. When Elon Musk bought the company one year ago this week, he paid about $44 billion for the microblogging platform, or $54.20 per share. This internal valuation marks about a 56% d

Cruise ceases robotaxi operations, the Apple Watch gets a new feature and Carta tries to head off bad press

Hello, ghouls and goblins, and welcome to this Halloween Weekend edition of Week in Review (WiR), technewss’s weekly tech recap in newsletter form. For our U.S.-based readers (and this reporter), ’tis the time for mid-autumn merrymaking — time-tested traditions like jack-o’

A year after Musk’s takeover, X says an average user spends 32 minutes per day on the platform

On the eve of the one-year anniversary of Musk taking over Twitter (now X), the company published a retrospective blog post examining how it has fared under the new management. There are a lot of numbers in the post, but one that sticks out is a claim that an average user spends 32 minutes on the p

Despite usage declines, X remains ‘stickier’ than first thought

Despite overall declining usage since Elon Musk’s acquisition, X’s hold on the microblogging market may be stickier than first thought. The app formerly known as Twitter saw its daily active users drop 16% in September, according to The Wall Street Journal, citing data from research fir

Why 42 states came together to sue Meta over kids’ mental health

Attorneys general from dozens of states sued Meta this week, accusing the company of deliberately designing its products to appeal to kids to the detriment of their mental health. In the lawsuit, filed in California federal court Tuesday, 33 states — including California, Colorado, New York,

Pebble, the Twitter alternative previously known as T2, is shutting down

The grip Twitter, now called X, has on the market may be stronger than some believed. Unfortunately, that’s led to the first casualty among Twitter alternatives, as the startup Pebble (formerly T2), is shutting down. The would-be X rival had grown a small but engaged community on its microblo

Instagram is testing a dedicated feed for posts from Verified users

Instagram is testing a feed that will only display posts from Meta Verified and legacy verified users, according to Instagram head Adam Mosseri. The new toggle will appear under the “Following” and “Favorites” options listed when you click on the Instagram logo in the app. &

Tinder’s app gets more social by letting friends play matchmaker

Dating app users will often sit with friends as they swipe through their matches in order to gain feedback, or even hand over their phone and let their friends swipe for them. Now, that real-life experience is becoming a part of Tinder’s product, as the company today is introducing a new feat

Hackers leak more 23andMe data, X cracks down on porn and Andreessen writes a manifesto

Welcome, folks, to Week in Review (WiR), technewss’s regular newsletter that highlights notable tech industry happenings over the past few days. Life moves pretty fast, as a young Matthew Broderick once said — we empathize. Fortunately, there’s WiR to get you caught up to speed.

With X, Musk is playing the bottom-up game

Most marketers can't dream so big as to imagine a world where the name of their product is mentioned on every newscast, written about on every flier, every advert, every sign and every email signature. That's the absurdly omnipresent power of the Twitter brand. At first, it seemed like Musk

Discord is growing its developer monetization efforts

In a time when X (formerly Twitter) and Reddit have sequestered API access behind steep paywalls, Discord is taking the opposite approach. A few weeks ago, Discord enabled U.S. developers to sell their apps to Discord users in a centralized hub, and today, that feature expands to include developers

After X, Meta and TikTok get EU request for info on response to Israel-Hamas war

Meta and TikTok have each been sent formal requests for information by the European Union under the bloc’s Digital Services Act (DSA), the Commission said today. In recent days, EU regulators has expressed concern about illegal content and disinformation circulating on social media platforms

X plans to use payment, phone and ID verification to stop bots, in addition to the new $1/yr fee

It’s official: X is charging users to use its service — a move X owner Elon Musk said would help the company combat bots and spam, something he’s repeatedly complained about even before acquiring the social network. But while critics, including WordPress founder Matt Mullenweg, ha

Meta consolidates options to manage your Meta data

Meta is rolling out new options to better manage your data related to its own platforms such as Instagram and Facebook. The company now has a single place in the Accounts Center for you to request a download of your information on Instagram and Facebook at the same time. Users can also choose to do