11 – Breaking News & Latest Updates 2026
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Twitter - X

Twitter was never the largest social network, but it remained one of the most influential as a home to celebrities, journalists, and influencers of all sorts and the go-to network for breaking news. Since Elon Musk purchased it, Twitter’s employee count has dropped by more than half, advertisers have tightened budgets, and it’s charging money for access to verified checkmarks and Tweetdeck. Oh, and now it’s called X instead of Twitter.

The Verge’s 2023 in reviewThe Verge’s 2023 in review
Dan Seifert
Richard Lawler
Richard Lawler
Elon Musk’s X can’t shake off a lawsuit over millions of dollars in unpaid Twitter bonuses.

In this entry into the list of lawsuits over unpaid Twitter bills, Courthouse News reports Mark Schobinger’s class action lawsuit is over unpaid 2022 annual bonuses. Schobinger, notably, is Twitter’s former senior director of compensation.

He says execs’ promises of a 50 percent payout for those who remained through Q1 of 2023 kept employees around during Elon’s “hardcoretakeover, but now the company argues its oral promise wasn’t enforceable. The judge didn’t buy that, writing that “Twitter’s contrary arguments all fail,” so the case will proceed.

X was downX was down
Richard Lawler
Wes Davis
Wes Davis
Crypto scammers are impersonating accounts by manipulating X links.

X (formerly Twitter) will let you replace the username in a post’s URL with... really, whatever you want, and it will still go to the original post. It’s been that way since at least 2019.

Bleeping Computer reported that scammers have been using the trick to direct people to fake crypto giveaways from Binance, Ethereum, and the like. If someone falls for it and connects a wallet, the scammers drain it.

Screenshot of two posts with links that appear to be to Ethereum posts, urging people to buy “DOXcoin.”
A screenshot of two posts that appear to be linking to Ethereum posts, but definitely aren’t.
Screenshot: Wes Davis / The Verge
Wes Davis
Wes Davis
X verified accounts seemed to get away with more misinformation, a new study found.

ProPublica and Columbia University identified over 2,200 false or misleading posts from more than 1,300 verified accounts in the month following the Israel-Hamas war’s beginning, garnering half a billion impressions.

About 80% of the 2,000 debunked [image or video] posts we reviewed had no Community Note. Of the 200 debunked claims, more than 80 were never clarified with a note.

The study follows similar reports from NewsGuard in October and November. Many of the posts shown in ProPublica came after Community Notes improvements X announced in October.

Elizabeth Lopatto
Elizabeth Lopatto
Pop quiz, hotshot: who do you think the sources on this story are?

It’s about Elon Musk bragging to the banks that backed his Twitter takeover that he never lost money for his investors.

Meanwhile:

One multibillion-dollar firm that specialises in distressed debt called X’s debt “uninvestable”.

My guesses are: juniors at the banks angling to make more-senior employees look dumb in order to take their jobs or employees who cautioned against the Musk debt doing a public “I told you so.”

David Pierce
David Pierce
Today on The Vergecast: a 60-year-old Mac, and Twitter In Memoriam.

I have spent an alarming amount of time in the last 24 hours reading thousands of the best tweets anyone ever tweeted. We talked about those tweets, our brushes with main-character-ness, and more. Plus, Will Poor resurrects his extremely old Macintosh, and wonders: how can I make this thing last another three decades?

Kevin Nguyen
Kevin Nguyen
“I got magical raccoon dog testicles on CNN.”

If you missed Sarah Jeong’s piece about the right wing’s coordinated harassment campaign against her (part of our very special Twitter series), you can enjoy it as a TikTok.

Richard Lawler
Richard Lawler
Ad sales on X are reportedly about about a half billion lower than anticipated for 2023.

Bloomberg cites unnamed sources in this report about how much ad revenue has dropped for the platform formerly known as Twitter as its CTO continues to drive advertisers away, saying it’s on track for $2.5 billion this year despite internal targets for $3 billion.

X generated a little more than $600 million in advertising revenue in each of the first three quarters of the year, and is anticipating a similar performance in the current period, according to a person familiar with the numbers. That compares to more than $1 billion per quarter in 2022.

The X head of business operations, Joe Benarroch, is quoted disputing the figures, claiming the sources “are not providing accurate and comprehensive details... We are not Twitter any longer and not measuring ourselves by old Twitter metrics — both in revenue and user metrics.”

Goodbye to all that harassmentGoodbye to all that harassment
Sarah Jeong
Extremely softcoreExtremely softcore
Zoë Schiffer
How Twitter broke the newsHow Twitter broke the news
Nilay Patel
The great scrollback of AlexandriaThe great scrollback of Alexandria
Verge Staff
Richard Lawler
Richard Lawler
Is Threads signing a major free agent away from Elon Musk?

Even as big advertisers exit, sports Twitter has continued going strong. But now the official Threads account announced that sports/NBA Twitter’s newsbreaker Adrian Wojnarowski “has landed” and is doing a Q&A Friday.

If “woj bombs” are on the move, it might be about more than hashtags — Wojnarowski works at ESPN, which is still owned by Disney. Musk singled out Disney CEO Bob Iger with his “go f yourself” comments last week, then followed up with more attacks and accusations today while misspelling Iger’s name and saying “He should be fired immediately.”

Nilay Patel
Nilay Patel
“Welcome to hell, Elon” has now been cited in a Supreme Court brief.

Amicus briefs in the big First Amendment case against the bad Texas and Florida social media laws are getting filed, and Public Knowledge’s submission contains a citation to Welcome to hell, Elon as support for the idea that the real product of any social platform is content moderation. I truly hope Clarence Thomas reads this thing.

A screenshot of a citation in a Supreme Court brief to “Welcome to hell, Elon” by Nilay Patel at The Verge.
Together, we are part of our nation’s history.
Alex Heath
Alex Heath
Here’s why Threads doesn’t have chronological search results

According to Instagram boss Adam Mosseri, doing so would open the app up to “spammers and other bad actors” who would “pummel the view with content by simply adding the relevant words or tags.”

It’s another example of how Threads continues to resist the real-time nature of the platform formerly known as Twitter.

Emma Roth
Emma Roth
X is turning to small to medium-sized businesses to offset the advertising exodus.

After Elon Musk’s endorsement of an antisemitic post led Apple, Disney, IBM, and other major companies to pull advertising from the platform, now an X spokesperson tells the Financial Times it will target smaller businesses instead:

‘Small and medium businesses are a very significant engine that we have definitely underplayed for a long time,’ the company told the Financial Times. ‘It [was] always part of the plan — now we will go even further with it.’

Musk had some choice words for the advertisers who fled the platform during NYT’s DealBook event on Wednesday and said their boycott will “kill” the company.

Kevin Nguyen
Kevin Nguyen
The bird is freed (and the book is available for pre-order).

Verge alum Zoë Schiffer just announced her new book, Extremely Hardcore: Inside Elon Musk’s Twitter, which will expand on her reporting from Platformer, New York Magazine, and of course, this very website. Here’s what Bloomberg’s Matt Levine has to say about it:

Zoë Schiffer has written the definitive book on perhaps the weirdest business story of our time. A fast-paced and riveting account of a hilarious and tragic mess.

The book comes out next February. Pre-order it!

The cover of Zoë Schiffer’s book, Extremely Hardcore
Richard Lawler
Richard Lawler
X CEO responds after X CTO tells departing advertisers to “go fuck yourself.”

On Wednesday, X owner, executive chair, and chief technical officer Elon Musk used his interview at the DealBook Summit 2023 event to antagonize advertisers (singling out Disney CEO Bob Iger, who was present) that paused doing business with the company, as well as clarifying his previous statements in ways that probably made them worse.

Now the company’s CEO Linda Yaccarino has chimed in with... this in a post on X:

Today @elonmusk gave a wide ranging and candid interview at @dealbook 2023. He also offered an apology, an explanation and an explicit point of view about our position. X is enabling an information independence that’s uncomfortable for some people. We’re a platform that allows people to make their own decisions. And here’s my perspective when it comes to advertising: X is standing at a unique and amazing intersection of Free Speech and Main Street — and the X community is powerful and is here to welcome you. To our partners who believe in our meaningful work — Thank You.

Elon Musk tells advertisers: ‘Go fuck yourself’Elon Musk tells advertisers: ‘Go fuck yourself’
Jacob Kastrenakes and Mia Sato
Mia Sato
Mia Sato
No mention of X suing Media Matters.

We’re nearing the end of this interview, but Sorkin hasn’t yet asked Musk about X’s lawsuit against Media Matters, which reported that ads were appearing next to Nazi content.

Mia Sato
Mia Sato
Sorkin asked about X’s throttling of his employer.

This came right in the middle of a discussion around “free speech” on X. Over the summer, Times links on X took longer to load — Musk didn’t directly answer Sorkin’s question on whether he made a choice to punish the Times.

His response: “Free speech is not exactly free. It costs a little bit.” He referenced the Times not being a paying X user.

Mia Sato
Mia Sato
There’s a noticeable difference between this interview and others today.

Sorkin is interjecting and pushing back less, the discussion is meandering, and we’re about 30 minutes over schedule. I’ve lost count of the number of times Sorkin has said, “let me ask you a different question” in order to pivot to something else.

Mia Sato
Mia Sato
Musk on the OpenAI meltdown.

Musk says he hasn’t found anyone who knows why Sam Altman was ousted (and eventually brought back) — but believes a recent AI breakthrough could have caused the power struggle. A recent report suggested that OpenAI may have made progress towards AGI.

Mia Sato
Mia Sato
Behind Musk and Sorkin, balloons read “Let Gaza live.”

The DealBook stage sits in front of floor-to-ceiling windows overlooking Manhattan. The balloon letters are floating in and out of view behind the background screen outside. It’s unclear who’s behind them.

Mia Sato
Mia Sato
The Musk interview has taken a turn.

In a strange turn, we’re now watching Sorkin and Musk talk about the interior “storm” in Musk’s mind.

“Is it a happy storm?” No, says Musk. I’m not sure how we got here.

Jacob Kastrenakes
Jacob Kastrenakes
Musk says the antisemitic post was a “mistake.”

Here’s Musk responding onstage at DealBook:

I should in retrospect not have replied to that one person and should have written in greater length what i meant. But those clarifications were ignored by the media and essentially I handed a loaded gun to those who hate me and arguably to those who are antisemitic. And for that I’m quite sorry, that was not my intention.

He later called it, “One of the most foolish — if not the most foolish — thing I’ve done on the platform.”

Of course, when it comes to how Musk feels about the advertiser boycott in response, he isn’t so willing to acknowledge his role in the matter.

Mia Sato
Mia Sato
“Go fuck yourself.”

That’s Musk’s on-stage message to advertisers who he says are “blackmailing” him — i.e. the companies like Disney, Apple, IBM, and many more that are pulling ads from the platform after his antisemitic posts.

Mia Sato
Mia Sato
The first question is about Musk’s recent antisemitic posts on X.

“[The trip to Israel] wasn’t in response to that at all,” Musk says of his post — it wasn’t an “apology tour.”

“I have no problem being hated.”

Musk tells Sorkin the only reason he’s here is because he’s a friend. Musk keeps laughing. The vibe is chaotic.