IBM Nears $11 Billion Deal to Acquire Confluent in Major AI and Data Push 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Nvidia Develops New Location-Verification Technology for AI Chips 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform 
SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation 
SK Hynix Shares Surge on Hopes for Upcoming ADR Issuance 
Social media platform X experienced a major service disruption on Saturday, affecting thousands of users across the United States. According to outage tracking site Downdetector.com, user reports peaked at over 10,000 but declined to around 1,041 by 7:42 p.m. ET, signaling a gradual recovery. Downdetector aggregates user-submitted reports, meaning actual figures may differ.
This marks the latest in a series of operational issues for X, formerly known as Twitter, which has seen recurring outages in recent months. In March, Elon Musk attributed a similar incident to a cyberattack. No official statement has yet been issued by X regarding the cause of Saturday’s disruption.
Musk, who acquired the platform in 2022, recently acknowledged ongoing technical challenges. “As evidenced by the X uptime issues this week, major operational improvements need to be made,” he posted on X. He added that he is returning to an intense work schedule, dedicating himself to X, xAI, Tesla (NASDAQ: TSLA), and the upcoming Starship launch.
In May, Musk recommitted to a “24/7” work mode, stating he was once again sleeping in conference rooms and server facilities to oversee critical technology developments. His redoubled efforts come as he continues to juggle multiple ventures, including artificial intelligence firm xAI and aerospace company SpaceX.
Musk also made headlines for his political donations, reportedly spending nearly $300 million to support Donald Trump’s presidential campaign and other Republican candidates in 2024.
The latest outage underlines the ongoing reliability issues facing X under Musk’s leadership, raising concerns among users and stakeholders about the platform’s long-term stability and infrastructure. Investors and analysts are closely monitoring Musk’s handling of X’s technical and strategic direction.
