Connect with us

Hi, what are you looking for?

Economy

X asks Brazil’s top court to allow it to resume services, source says

By Ricardo Brito

BRASILIA (Reuters) -Elon Musk-owned social media platform X has requested Brazil’s Supreme Court to allow it to resume service in the country, a source with direct knowledge of the matter said on Thursday.

X was shut down in late August in Brazil, one of its largest and most coveted markets, after not complying with court orders related to hate speech moderation and failing to name a local legal representative, as required by law.

Musk had denounced the orders as censorship and vowed not to comply with them. But the platform started to reverse course last week, when lawyers for X in Brazil said the company had tapped a local legal representative and would follow court rulings.

X, the source said, sent the Supreme Court a document proving that it has formally signed lawyer Rachel de Oliveira Conceicao as its Brazil legal representative and blocked nine accounts under investigation in a hate speech and misinformation probe.

It also said that 18 million reais ($3.31 million) in a previously imposed fine had been paid, the source added.

X did not immediately reply to a request for comment.

($1 = 5.4339 reais)

This post appeared first on investing.com

You May Also Like

Investing

Fisker (NYSE: FSR) stock price has been one of the best-performing electric vehicle (EV) stocks this week even as Tesla slumped. The shares jumped...

Investing

Newmont (NYSE: NEM) reported mixed financial results even as the price of gold approached its all-time high. In all, the company’s earnings per share...

Investing

The Fox Corporation (NASDAQ: FOX) stock price has been under pressure as investors come to terms with the abrupt firing of Tucker Carlson. The...

Investing

NatWest (LON: NWG) share price rose sharply, helped by the strong results from Barclays. The stock jumped to a high of 274.8p, which was...




Disclaimer: Oldamericanbroker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the-company.


Copyright © 2024 Oldamericanbroker.com