The court also instructed the National Telecommunications Agency (Anatel) to take the necessary steps to restore the platform’s service across the country.

X’s operations were suspended nationwide on 30 August after the platform repeatedly failed to comply with judicial decisions. Justice Alexandre de Moraes, the presiding judge on the case, made it clear that the resumption of the platform’s activities depended on full adherence to Brazilian laws and respect for the rulings of the judiciary, affirming the country’s sovereignty. 

The decision to allow X’s return comes after the platform showed that it had met all court-imposed conditions, including the removal of accounts spreading false information and the appointment of a legal representative in Brazil, a mandatory requirement for foreign companies.

In addition to complying with these directives, X also settled outstanding fines amounting to R$28.6 million ($5.1 million). The company’s failure to adhere to Brazilian regulations initially led to a five-week suspension, with internet service providers across the nation instructed to block access to the platform.

However, the Supreme Court has now deemed that X has fulfilled all obligations necessary to operate once again.

Despite the court’s approval, the social media platform will not return to service immediately. Anatel must first inform the country’s 20,000 internet service providers to lift the block, a process that may take some time, given the varied systems used by these providers. Nevertheless, the platform’s restoration is imminent.

Responding to the ruling, X’s Global Government Affairs team issued a statement affirming its readiness to uphold freedom of speech, while also abiding by the laws of the countries in which it operates.

X’s prolonged issue in Brazil comes from its initial resistance to complying with court orders, which led to the suspension of several accounts and the platform’s eventual ban. Though Elon Musk previously objected to the Brazilian courts’ suppression of conservative voices, he has now complied with all court directives, bringing an end to the issues with the authorities.

This resolution comes after a series of complications, including an error in the payment of fines, which caused a delay in the platform’s restoration. With the funds now properly transferred and all conditions met, Brazilians will soon regain access to the social network.

Fidelity, an asset management firm, has reduced the value of its investment in X (formerly Twitter), now placing the platform at a valuation of just $9.4 billion.

This is a steep drop from Elon Musk’s original $44 billion purchase price in 2022, representing a huge markdown of 78.7% in Fidelity’s holdings by the end of August, according to the company’s recent disclosures.

Initially, Fidelity invested $19.66 million in the social media platform as part of Musk’s acquisition of the company. However, the asset manager now places its stake in X at a reduced figure of $4.18 million, a continuation of earlier cuts. Just a month prior, the investment was valued at $5.5 million, indicating a further decline over the last few months. 

This reduction comes after a series of downward adjustments by Fidelity over the past year, with the firm first cutting its stake by 65% in 2023, and then marking it down again by 71.5% earlier this year. 

Despite the ongoing reductions in value, neither Musk nor representatives from X or Fidelity have provided any public comment on the most recent valuation changes.

The $9.4 billion valuation implies that the platform is now worth less than a quarter of what Musk initially paid. Musk had secured a $13 billion loan to complete the acquisition, with lenders reportedly struggling to recover even 60% of the loan’s value. 

The debt is spread across various financial instruments, including term loans and senior and junior bonds, further complicating the situation for creditors.

Meanwhile, Fidelity’s decision to scale back the valuation of its investment comes as X is currently facing some challenges under Musk’s leadership.

While Elon Musk has also been involved in raising $6 billion for his other ventures, such as xAI, the unexpected decline in X’s valuation leaves the public wondering about the long-term viability of the social media platform.

This feature is currently available only on iOS, with plans to expand to other platforms soon. If you’ve ever wished you could change a sent message, correct a typo, or simply rephrase something, this update is just what you need.

Here’s a step-by-step guide on how to take advantage of this new functionality:

Accessing the Edit Option

To start editing a DM on X, follow these steps:

1. Open a Conversation: Go to any direct message thread within the X app on your iOS device.
2. Select the Message: Locate the specific message you wish to edit. You can either long-press on the message or tap on the three-dot menu that appears next to it.
3. Choose “Edit Message”: Once the options appear, select “Edit message” to start making your changes.
4. Make Your Edits: Modify the message as needed. After making the necessary changes, hit “Save” to finalise the edit.

Important Details to Keep in Mind

While this feature brings flexibility, there are a few limitations:

• No Time Restriction: Unlike some platforms where edits must be made within a specific time frame, X allows you to edit messages at any time, whether they are recent or from weeks ago.
• Edit Limit: Each message can only be edited up to five times. After that, no further changes can be made to that particular message.
• Image and Encryption Limitations: The feature does not currently support the editing of images within DMs. Added to this, encrypted DMs cannot be edited as of now, though X has disclosed that this may change in future updates.
• No Version History: While X keeps a log of edits for security reasons, users cannot view the history of edits. The edited message will simply show an “Edited” label.

This new feature brings X in line with other messaging platforms like WhatsApp, Telegram, and Messenger, which have brought similar features for some time. It’s a great tool for users looking to refine their communication or correct mistakes after sending a message.

Even if you’re correcting a typo or rephrasing your thoughts, this new feature brings convenience to your X messaging.

Be sure to update your iOS app to the latest version to access the edit function, and keep an eye out for its rollout on other platforms.

This was since Elon Musk’s takeover in April 2022, influencing the platform’s journey with substantial changes, including a name alteration, the introduction and removal of features, among others. Despite these challenges, recent data highlights a surprising surge in X’s popularity, making it an interesting case study among online platforms.

The search trends surrounding X reveal insights into user behaviour. Following the official name change from Twitter to X in July, there has been a notable shift in search dynamics. According to reports, searches for the term ‘X’ increased by 19.4%, indicating a growing interest in the rebranded platform. 

This suggests that the bold move to redefine its identity successfully captured the curiosity of users seeking something novel and distinct. In contrast, searches for ‘Twitter’ fell by 26%, signalling a declining interest in the platform’s former identity and aligning with the broader aspect of users adapting to the changes brought about by Musk’s takeover.

Further exploration into user actions reveals a refined response to X’s evolution. Searches for ‘create X account’ surged by 142.86%, reflecting a significant influx of users eager to explore the platform under its new name. However, this surge is counterbalanced by a simultaneous 66% increase in searches for ‘delete X account,’ hinting at challenges and controversies that may be impacting user satisfaction and creating a divided user base.

Analysing the trajectory of website traffic provides additional layers to the X story. Initially, from April 2022, when Musk’s takeover was announced, to November 2022, when it was completed, site traffic experienced a dip of 7.86%. This decline was likely fueled by uncertainties surrounding the platform’s future and concerns about the potential impact of the ownership change. 

Contrary to expectations, the year following the takeover (November 2022 to November 2023) witnessed a turnaround, with site traffic surging by 22.3% and reaching its highest value since February 2022. This unexpected resurgence suggests a renewed interest in the platform, challenging preconceived notions about its resilience in the face of controversies. Both positive and negative publicity can highly affect user engagement as seen in X’s journey.