X Is Now Worth $19 Billion, Down 57% From $44 Billion When Elon Musk Bought Twitter

Todd Spangler NY Digital Editor After a spate of major advertisers said they were halting spending on X over owner Elon Musk’s support of an antisemitic conspiracy theory, the tech mogul said he plans to file a “thermonuclear lawsuit” against a research group that had claimed to find ads on X/Twitter running against pro-Nazi and white nationalist posts. On Friday, Disney, Warner Bros.

Brian Steinberg Senior TV Editor Disney has joined a growing list of blue-chip advertisers who are pulling advertising and promotions from the social-media outlet X in the wake of a recent antisemitic remark posted by the venue’s owner, Elon Musk. A Lionsgate spokesperson said Friday that the entertainment company “has suspended advertising on X because of Elon Musk’s recent antisemitic tweet.” The move comes as Lionsgate is marketing the release of “The Hunger Games: The Ballad of Songbirds & Snakes,” the latest film in its “Hunger Games” franchise.

Brian Steinberg Senior TV Editor A group of blue-chip advertisers said they were pulling their promotions from the social-media outlet X in the wake of a recent anti-Semitic remark posted by the venue’s owner, Elon Musk. A Lionsgate spokesperson said Friday that the entertainment company “has suspended advertising on X because of Elon Musk’s recent antisemitic tweet.” The move comes as Lionsgate is marketing the release of “The Hunger Games: The Ballad of Songbirds & Snakes,” the latest film in its “Hunger Games” franchise.

Todd Spangler NY Digital Editor In a dramatic shakeup at artificial intelligence pioneer OpenAI, the organization said chief exec and co-founder Sam Altman is exiting after its board lost confidence in his “ability to continue leading OpenAI.” San Francisco-based OpenAI is a private research lab that develops AI, founded in 2015 as a nonprofit organization by Altman, Elon Musk (who is no longer on the board of OpenAI) and others. With Altman’s exit, CTO Mira Murati will assume the role of interim CEO while a replacement is sought. In addition, OpenAI president Greg Brockman will step down as chairman of the board and will remain in his role at the company, reporting to the CEO.

Todd Spangler NY Digital Editor The White House condemned Elon Musk as promoting “antisemitic and racist hate” after the tech mogul endorsed a conspiracy theory that Jewish people “promote hatred against whites.” On Wednesday, Musk — CEO of Tesla and SpaceX and owner of X — agreed with an X user who promoted the conspiracy theory that Jewish communities “have been pushing the exact kind of dialectical hatred against whites that they claim to want people to stop using against them.” In the now-removed post, the X user said they were “deeply disinterested in giving the tiniest shit now about western Jewish populations” who are facing “hordes of minorities that support flooding their country.” In response to that, Musk commented, “You have said the actual truth.” In a statement released Friday, White House spokesperson Andrew Bates said, “It is unacceptable to repeat the hideous lie behind the most fatal act of antisemitism in American history at any time, let alone one month after the deadliest day for the Jewish people since the Holocaust… We condemn this abhorrent promotion of antisemitic and racist hate in the strongest terms, which runs against our core values as Americans. We all have a responsibility to bring people together against hate, and an obligation to speak out against anyone who attacks the dignity of their fellow Americans and compromises the safety of our communities.” Reps for X and Tesla did not immediately respond to a request for comment.

Elon Musk is once again facing furor over one of his X/Twitter posts, this time when he agreed with a user’s comment that Jews have a “hatred against whites.”

Todd Spangler NY Digital Editor IBM said it was immediately pulling advertising from Elon Musk‘s X, formerly known as Twitter, after a report found that ads for the tech giant had appeared next to posts supporting Adolf Hitler and the Nazi Party. “IBM has zero tolerance for hate speech and discrimination and we have immediately suspended all advertising on X while we investigate this entirely unacceptable situation,” a company rep said in a statement to Variety.

Todd Spangler NY Digital Editor TikTok has long touted the app as a place to discover new music — and its ability to propel songs into viral hits. Now TikTok is hoping to derive incremental revenue from music fans who use the app. The company’s new Add to Music App feature lets users save songs from TikTok to third-party music streaming services.

Elon Musk‘s life is getting the movie treatment from A24.

Elon Musk is in development, Variety has confirmed.Based on Walter Isaacson’s biography of Musk, published in September, the movie is set to be directed by Darren Aronofsky (Requiem For A Dream, The Whale).According to Variety, the competition surrounding adapting Issacson’s book on the polarising Tesla founder was significant, however it was film studio A24 (Midsommar, Hereditary) who will be producing the biopic.Musk, the founder of spacecraft manufacturing company, SpaceX, has recently faced criticism for the changes he has been implementing since taking over X (formerly Twitter). He is also the wealthiest person in the world currently, with an estimated worth of over $200billion.Isaacson authored several biographies, including that of Apple CEO Steve Jobs, which was adapted into the 2015 movie of the same name.

After “The Whale” last year, many movie fans wondered what Darren Aronofsky would helm next. Well, IndieWire reports that the director will work with A24 again for his next project, which is about the last thing anyone expects (and probably the last movie anyone needs to see).

Walter Isaacson’s biography on the world’s richest person, according to the source, who added the Musk biopic will be produced by Aronofsky’s production company, Protozoa Pictures.“Glad Darren is doing it.

Todd Spangler NY Digital Editor The actors strike is over, and news has emerged that a biopic of Elon Musk, directed by filmmaker Darren Aronofsky, is in the works. The movie from A24 is to be based on Walter Isaacson’s authorized biography of Musk.

Todd Spangler NY Digital Editor Director Rob Reiner and journalist Soledad O’Brien have dug into the assassination of President John F. Kennedy — and they claim they have found evidence about who was really behind the killing. Reiner and O’Brien are the co-hosts of “Who Killed JFK?”, a 10-part podcast series featuring interviews with authors, witnesses, CIA officials and forensic experts as part of their investigation into JFK’s assassination 60 years ago, on Nov.

Todd Spangler NY Digital Editor Vince McMahon is cashing out. McMahon, the former CEO of WWE, intends to offer 8.4 million shares of Class A common stock in TKO Group, the company formed by the merger of WWE and UFC, which was engineered by Endeavor. Those shares are currently worth about $713 million at TKO’s most recently closing share price.

Todd Spangler NY Digital Editor After more than 16 years, Jezebel, the sharp-edged feminist news and opinion website, is shutting down. Originally launched in 2007 by Gawker Media, Jezebel — which carried the tagline “Sex. Celebrity.

Stephen King has seemingly mocked Elon Musk on X/Twitter over the app’s new AI chatbot.The renowned horror author, known for writing the novels behind the blockbuster movies It, The Shining and Carrie, took to the app to share his feelings about its recent name change.Last week, King, 76, posted a tweet saying, “This X shit’s got to go” referring to the controversial rebranding of the 17-year-old social media app.But on Sunday, Musk tweeted announcing his newest AI chatbot, Grok, and King responded to the tweet in a way that could be described as trolling.Big whoop.

Todd Spangler NY Digital Editor Crunchyroll, the Sony-owned anime streamer, is getting its game on — adopting a strategy similar to Netflix’s foray into the video-game space. On Tuesday (Nov. 7), Crunchyroll launched Game Vault, which provides unlimited access to a collection of mobile games selected with anime fans in mind.

Todd Spangler NY Digital Editor Elon Musk famously is a huge video-game fan. But gaming companies apparently aren’t fans of what Musk is doing with X, the social network formerly called Twitter. Sony said it is removing support for Elon Musk’s X/Twitter from its PlayStation game consoles, effective next week.

Todd Spangler NY Digital Editor Disney is on the cusp of becoming the 100% owner of Hulu. The media conglomerate announced that it expects to pay $8.61 billion to Comcast to acquire the cable operator’s 33% stake in Hulu following Comcast’s Nov. 1 exercise of its right under the put/call arrangement between the two companies.