Social media and technology company
Appears in 5 stories
XChat delayed to April 23; X Money entering public access amid regulatory scrutiny
Elon Musk spent $44 billion to buy Twitter in October 2022, telling investors it was 'an accelerant to creating X, the everything app.' Three and a half years later, that app is still taking shape—haltingly.
Updated May 31
Experienced three-hour outage during February 2026 incident
On February 16, 2026, a misconfigured routing update at Cloudflare's Ashburn data center cascaded across the internet, taking down X for three hours and degrading AWS's largest region. Thousands of other websites went down too. The error took 40 minutes to identify but four hours to fix because corrupted routing tables spread to upstream providers.
Updated May 29
Expanding into financial services
Elon Musk founded X.com in 1999 with a vision of building an all-in-one financial services platform, though that company became PayPal and he was ousted as chief executive. Twenty-seven years later, he's trying again. X, the social network formerly known as Twitter, announced on February 14, 2026 that users will soon be able to trade stocks and cryptocurrency directly from their timelines through a feature called Smart Cashtags.
Under DSA enforcement, facing fines and ongoing investigations
The European Union is cracking down on U.S.-based Big Tech using the Digital Services Act, the Digital Markets Act, and long-standing competition and privacy rules. Since 2023, Brussels designated six platforms as 'gatekeepers,' imposed obligations on core services, and opened proceedings against X, Google, Apple and Meta for monopolistic conduct, opaque algorithms, deceptive design, and failures to police harmful content.
Updated May 10
Subject of EU DSA non‑compliance decision and ongoing investigations
On December 5, 2025, the European Commission issued its first non‑compliance decision under the Digital Services Act, fining X €120 million for misleading users with paid blue checkmarks, failing to provide a transparent advertising repository, and obstructing researcher access to public data. Regulators concluded the subscription-based 'verified' badge is deceptive because anyone can buy it without meaningful identity checks, and the platform's ad library and data-access rules prevent independent scrutiny of scams, influence operations, and systemic online risks.
Updated May 9
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
