Prominent X Accounts—Including The Guardian And Don Lemon—Are Leaving Elon Musk's Site. Here's Why. [Forbes]
Similarweb Ltd. Ordinary Shares (SMWB)
Company Research
Source: Forbes
accounts—have decided to leave the platform after Donald Trump's election to a second term, saying X, formerly known as Twitter, promotes the far-right and raising concerns about owner Elon Musk's relationship with the president-elect. BATH, UNITED KINGDOM - AUGUST 01: In this photo illustration the logo of US online social media and ... [+] social networking site 'X' (formerly known as Twitter) is displayed centrally on a smartphone screen alongside that of Threads (L) and Instagram (R). (Photo by Matt Cardy/Getty Images) Getty Images Key Facts The Guardian newspaper—which controls dozens of accounts on the platform that have about 27 million followers combined— announced its plans Wednesday to stop engaging with the platform, citing its worries about “far-right conspiracy theories” and racism, and alleging the presidential election confirmed “X is a toxic media platform and that its owner, Elon Musk, has been able to use its influence to shape political discourse.” Lemon—w
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SMWB
News
- X sees largest user exodus since Elon Musk takeover [MSNBC.com]MSNBC.com
- Similarweb Ltd. (NYSE: SMWB) had its price target raised by analysts at Needham & Company LLC from $11.00 to $14.00. They now have a "buy" rating on the stock.MarketBeat
- After Trump's win, Mark Cuban deleted all his pro-Harris X posts and is taking a political hiatus on the ‘less hateful' BlueSky [Yahoo! Finance]Yahoo! Finance
- After Trump's win, Mark Cuban deleted all his pro-Harris X posts and is taking a political hiatus on the ‘less hateful' BlueSky [Fortune]Fortune
- Is X Really Seeing a Mass Exodus of Users Post-Election? [Yahoo! Finance]Yahoo! Finance
SMWB
Earnings
- 11/12/24 - Beat
SMWB
Sec Filings
- 11/12/24 - Form 6-K
- 11/12/24 - Form 144
- 9/18/24 - Form 6-K
- SMWB's page on the SEC website