Elon Musk has announced that his social media platform, known as X, will cover legal expenses and initiate lawsuits for individuals who feel they have been wrongfully treated by their employers due to their activity on the site previously called Twitter.
These figures come at a time when the company is undergoing restructuring and striving to enhance its declining advertising revenue.
This update follows a series of statements from X executives asserting strong user engagement, especially after the launch of Meta Platforms’ competing service, Threads, on July 5.
After 17 years of using the iconic blue bird logo that represented the platform’s role in global communication, Musk transformed Twitter into X and introduced a new logo in July, signaling a shift towards creating an “everything app.”
© Thomson Reuters 2023
