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Elon Musk may be on the brink of achieving the impossible: Salvaging his $44 billion investment in X

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New York  I n October 2022, Elon Musk paid $44 billion to buy Twitter — almost certainly an overpayment — and he promptly made significant changes that plunged the company into chaos and sent its ad business and valuation into a tailspin. Two and a half years later, Musk appears close to pulling off a minor miracle: The company, now called X, may once again be worth about what he paid for it. Bloomberg  on Wednesday reported that X is in talks to raise money that would value the company at $44 billion. The anonymous sources Bloomberg cited acknowledged that the ongoing talks could break down, and it’s not clear whether X will actually fetch that valuation. But the report coincides with a sudden turn in fortunes for X. Big advertisers, who had largely abandoned X after hate speech surged on the platform and ads were seen running alongside pro-Nazi content, have begun to return. (X made several pro-Nazi accounts ineligible for ads following advertiser departures.) Am...
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Police locked in long US legal process to access Southport killer’s online history

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processed by the Department of Justice. She added: “If Google will voluntarily comply with the data request, then typically the process is quick. If Google needs to be compelled, through a court order, it will take longer.



According to Google, one way of accessing the data is applying via the UK courts for a so-called overseas production order, under the US-UK Cloud Act agreement.

Another expert said the process of obtaining data from abroad could be slow due to potential conflicts in national laws. However, the Cloud agreement is designed to speed up that process.

The US-UK Cloud Act agreement is intended to provide a quicker route for police to access electronic evidence from US-based technology companies in cases of serious and violent crimes, while providing appropriate safeguards,” said Monica Horten, a technology policy adviser.



A Merseyside police spokesperson said: “We have submitted requests through the correct channels for a criminal investigation.”

In the year to June 2024, Google received 12 overseas production orders from authorities in the UK – the equivalent of 0.06% of the nearly 20,000 data requests from the UK that year. A report published by Google suggests it at least partly complied with the vast majority – 88% – of those 20,000 requests.A Google spokesperson said: “Our deepest sympathies are with all of the families and individuals affected by this horrific attack. We are in touch with the Merseyside police to support their inquiries with regards to this case.


A Microsoft spokesperson said: “This is a tragic case and our sympathies are with the victims, their families and all those affected.

“In a threat-to-life scenario, when we receive a request from law enforcement through our direct channels, we respond within 20 minutes and work together to share relevant information as quickly as possible.


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