每日英語跟讀 Ep.K630: Musk's X Platform to Support Users' Legal Bills Against Unfair Treatment
Elon Musk has recently announced that his social media platform, X, will take a stand against unjust treatment faced by individuals in their workplaces due to their posts or likes on the platform. In a post shared on X, Musk declared that the platform would not only cover the legal expenses of those who have been treated unfairly by their employers but also take legal action on their behalf. This initiative is aimed at addressing the repercussions that users might face from their online interactions, signaling a commitment to protecting users' rights.
Musk's commitment goes beyond financial support; he emphasized that the platform would be vocal in pursuing legal actions against the companies involved. He even mentioned the intention to hold the boards of directors accountable. In a separate response, he pointed out the effectiveness of legal threats in driving behavioral change in the U.S., highlighting the potential impact of such actions.
Recent data shared by Musk revealed that X has reached a milestone in terms of monthly users, surpassing 540 million. This achievement comes amidst organizational shifts within the company and efforts to counter declining advertising revenue. The platform's executives have consistently emphasized its growing traction in usage, particularly after the launch of Meta Platforms' Threads, a competing platform.
In a significant rebranding move, Elon Musk renamed the platform from Twitter to X, bidding farewell to the iconic blue bird logo that represented the dissemination of ideas. This transformation aligns with the platform's renewed focus on becoming an "everything app." The shift also underscores Musk's commitment to making the platform a multifaceted tool for communication and expression.
Despite the ambitious rebranding and growth aspirations, challenges persist. Musk noted a substantial drop in advertising revenue, leading to negative cash flow for the platform. Hopes for a rebound in advertising revenue following a projected upturn in June were dashed, underlining the need for innovative strategies to revitalize revenue streams. As X continues to evolve from its Twitter origins, it strives to redefine its role as an inclusive and dynamic platform in the ever-changing landscape of social media.
Reference article: https://www.cnbc.com/2023/08/06/musks-x-to-pay-legal-bills-of-people-unfairly-treated-for-posting-on-platform.html