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Oops! Elon Musk's X sends pending fines to wrong bank, Brazil ban continues

Business Standard LogoBusiness Standard6h ago

Oops! Elon Musk's X sends pending fines to wrong bank, Brazil ban continues - Business Standard

Quick Summary:

Moraes, however, maintained that X must settle outstanding fines amounting to over $5 million before its suspension can be lifted.

After complying with the court’s earlier rulings—such as blocking certain accounts under investigation—the company renewed its plea on September 26 to resume its services in the country.

X has an estimated user base of 20 million in Brazil, and by Saturday morning, users reported that access to the platform had been restricted.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-05 @ 12:08:31 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 524 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22893152

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 184 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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