Elon Musk's X Paid $5M To Wrong Bank In Brazil, Delaying Reinstatement Of Its Services In The Country

Quick Summary:

What Happened: The social media platform mistakenly paid $5 million in fines to the wrong bank, hindering its efforts to lift a suspension imposed in late August, Reuters reported.

Brazil’s Supreme Court has announced a delay in allowing X, owned by Elon Musk, to resume operations in the country due to a payment error.

The Supreme Court suspended X for failing to comply with orders related to moderating hate speech and lacking a legal representative in Brazil.

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Article Details

Category: Technology

Markets: United StatesBrazil

Topics: Benzinga Legal Elon Musk Tech Alexandre de Moraes Global Kaustubh Bagalkote X Twitter Social Media Consumer Tech Brazil News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-07 @ 07:38:44 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 327 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22919467

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