Elon Musk says his X social media platform will fund the authorized payments of people that have been handled unfairly by employers due to posting or liking one thing on the location previously often called Twitter.
“Should you had been unfairly handled by your employer as a consequence of posting or liking one thing on this platform, we are going to fund your authorized invoice,” Musk mentioned in a put up on X, including that there might be no limits to funding the payments.
The announcement comes after Musk final month renamed Twitter as X and unveiled a brand new emblem, marking a concentrate on constructing an “all the pieces app”.
Late final month, Musk mentioned month-to-month customers of X reached a “new excessive” and shared a graph that confirmed the newest depend as over 540 million.
The figures got here as the corporate goes by means of organisational modifications and is seeking to increase dropping promoting income.
It was additionally the newest in a sequence of feedback from X executives claiming sturdy traction in utilization, after Meta Platforms launched a direct competing platform referred to as Threads on July 5.
After 17 years with an iconic blue fowl emblem that got here to symbolise the broadcasting of concepts to the world, billionaire Musk renamed Twitter as X and unveiled a brand new emblem in July, marking a concentrate on constructing an “all the pieces app.”
Musk earlier in July had mentioned that the platform’s money stream stays detrimental due to a virtually 50 per cent drop in promoting income and a heavy debt load. An upturn in promoting income that had been anticipated in June didn’t materialise.
Since taking on Twitter final October, Musk has mentioned he envisions an app that would provide a wide range of providers akin to peer-to-peer funds – an concept that mirrors the extensively fashionable WeChat app in China.