financetom
Business
financetom
/
Business
/
Lula says Musk must respect Brazil's top court as X braces for shutdown
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Lula says Musk must respect Brazil's top court as X braces for shutdown
Sep 1, 2024 6:37 AM

SAO PAULO, Aug 30 (Reuters) - Brazilian President Luiz

Inacio Lula da Silva said on Friday that billionaire Elon Musk

must respect the rulings of the country's Supreme Court, amid an

ongoing feud that left social media giant X on the brink of

being taken down in Brazil.

X was still working normally in Brazil on Friday

morning, but the platform said on Thursday that it expected

Supreme Court Justice Alexandre de Moraes to order a shutdown

"soon," after a court-imposed deadline for the company to

identify a legal representative in Brazil

expired

.

Amid the

underlying feud over X, the court also blocked the local

bank accounts of Musk's Starlink satellite internet firm, which

a source told Reuters was a response to the lack of legal

representatives in Brazil for the social media platform.

Under Brazilian laws governing the internet, social

media must have a representative based in the country. To shut

down X's operations in Brazil, justice Moraes would have to

order telecommunication companies to

stop carrying X traffic

.

Users, however, would still be able to dodge the

blockage by using VPNs.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hut 8 Provides Operations Update for January 2025
Hut 8 Provides Operations Update for January 2025
Feb 4, 2025
05:16 PM EST, 02/04/2025 (MT Newswires) -- Hut 8 ( HUT ) after close of trade Tuesday released its operations update for January 2025. With infrastructure upgrades for our initial fleet upgrade near completion, we believe we are well-positioned to energize new miners upon expected delivery in the coming weeks, said Asher Genoot, chief executive of the bitcoin miner. While...
American Financial Group Q4 Core Net Operating Earnings, Revenue Rise
American Financial Group Q4 Core Net Operating Earnings, Revenue Rise
Feb 4, 2025
05:17 PM EST, 02/04/2025 (MT Newswires) -- American Financial Group ( AFG ) reported Q4 core net operating earnings late Tuesday of $3.12 per share, up from $2.84 a year earlier. Analysts polled by FactSet expected $3.10. Total revenue for the quarter ended Dec. 31 rose to $2.15 billion from $2.08 billion a year earlier. One analyst surveyed by FactSet...
Enact Holdings Q4 Adjusted Earnings, Revenue Rise
Enact Holdings Q4 Adjusted Earnings, Revenue Rise
Feb 4, 2025
05:19 PM EST, 02/04/2025 (MT Newswires) -- Enact Holdings ( ACT ) reported Q4 adjusted earnings late Tuesday of $1.09 per diluted share, up from $0.98 a year earlier. Analysts polled by FactSet expected $1.03. Revenue in the three months ended Dec. 31 rose to $301.8 million from $296.2 million a year earlier. Three analysts surveyed by FactSet expected $309.3...
Nissan and Honda may call off merger talks, Asahi newspaper says
Nissan and Honda may call off merger talks, Asahi newspaper says
Feb 4, 2025
TOKYO, Feb 5 (Reuters) - Japanese automakers Honda ( HMC ) and Nissan ( NSANF ) may call off merger talks, the Asahi Shimbun newspaper reported on Wednesday, citing multiple sources, a move that would raise questions about the next steps for hard-hit Nissan ( NSANF ). The boards of both manufacturers will meet separately in the near future to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved