Linda Yaccarino, CEO of billionaire Elon Musk’s social media platform X, said Monday the platform has seen “detractors and fabricated distractions,” as she faces calls to resign after a group of major companies pulled ads over concerns about antisemitism on the platform, including from her boss.
Ron Baron, who reportedly owns a $1.7 billion stake in SpaceX, also expects the company to be worth $250 billion to $300 billion by that time.
Musk debuted xAI’s AI chatbot Grok over the weekend, though it is in a “very early beta” stage and only available to certain X subscribers.
Rumored to be in the works for the past year, the initiative appears to have begun rolling out recently, with email solicitations being sent to potential buyers.
A new employee stock plan revealed the company is worth $19 billion, 55% less than the $44 billion Musk paid for it last year.
The billionaire has said he’ll provide satellite internet to aid groups in Gaza after Israeli strikes take out communications.
On Wednesday, some users began seeing a feature allowing them to make audio and video calls on X.
Tesla stock fell after a poor earnings report and ominous statements from CEO Elon Musk.
The change comes after Elon Musk ramped up criticism of the “legacy” media.
Grimes filed a “petition to establish parental relationship” in a California court.