Platform X announces it has transformed into a video-first platform
Elon Musk's social media platform X announced on Tuesday that it is now a video-first platform, no longer focusing on short message services like its predecessor Twitter. The company made this declaration in a blog post aimed at advertisers. As proof of its video transformation, X touted a new video feature, claiming that its daily active users have exceeded 100 million, with more than half of them being Generation Z, the fastest-growing users on X. It also mentioned that the platform now allows users to post longer videos, and claimed that "just in December, people watched the equivalent of 130 years of 30 minutes or more of video." However, X's blog post lacked details. An anonymous insider at the company expressed skepticism about the claims in the blog post, saying, "I think it's too early to announce that we are a video-first platform." (Global Market Report)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Treasury quadruples borrowing estimate to $514B as debt ceiling standoff drags on
Share link:In this post: The Treasury raised its borrowing estimate for April-June to $514 billion because of a smaller cash pile. The end-of-March cash balance came in at $406 billion, way below the $850 billion the Treasury had predicted. Lou Crandall said new tariff revenue from President Trump might help, but the debt ceiling mess is still the main problem.
Trump’s tariff policy casts a shadow on Meta AI expenditure
Share link:In this post: Meta CEO Mark Zuckerberg unveiled plans to enhance Meta AI’s capabilities, as investors remained skeptical about how Trump’s tariffs impacted that strategy. Zuckerberg hinted that answers to the planned strategy could come this week as Meta prepared to host its first LlamaCon for developers on April 29th. Needham analysts expected Meta to follow Alphabet’s lead and remain firm in its plan to spend ~$65B in capex for AI infrastructure this year.

FTX initiates legal action to recover creditor asset from NFT Stars and Kurosemi
Share link:In this post: FTX is suing NFT Stars and Kurosemi to recover crypto assets transferred under agreements before the exchange’s collapse. The representatives of the defunct exchanges allege that both blockchain firms failed to deliver the digital assets despite receiving substantial payments as investments. The lawsuits are part of a broader legal strategy to claw back funds and repay creditors impacted by its bankruptcy.

HAEDALUSDT now launched for futures trading and trading bots
Trending news
MoreCrypto prices
More








