TWTR News & Events

Australia is broadening ts social media ban for under-16s to include Reddit (RDDT) and Kick, which join Facebook (META), Instagram, Threads, Snapchat (SNAP), TikTok, X, and YouTube (GOOGL), ABC's Clare Armstrong reports. The ban will begin from December 10. Australia's eSafety Commission has declared the nine services currently meet the criteria for being included in the ban, specifically that their "sole or significant purpose is to enable online social interaction."

Tesla CEO Elon Musk and X have settled a lawsuit by former Twitter CEO Parag Agrawal, Chief Legal Officer Vijaya Gadde, and others over more than $128M in unpaid 2024 severance, The Verge's Jess Weatherbed reports. The settlement agreement is dependent on "certain conditions" being met in the near-term, with existing deadlines under the lawsuit being postponed to give Musk time to fulfill those obligations, according to the report.

Elon Musk is facing a wave of senior departures at his companies amid disillusionment with the billionaire's activism, strategic pivots, and mass layoffs, The Financial Times' Stephen Morris and Hannah Murphy report. Key members of Tesla's U.S. sales team, battery and powertrain operations, public affairs arm, and its chief information officer have all recently departed, as well as core members of the Optimus robot and AI teams, according to the report, which adds that churn has been even more rapid at Musk's AI startup xAI.

YouTube will pay $24.5M to settle a 2021 lawsuit filed by President Donald Trump over suspending his account after January 6, 2021, The Wall Street Journal's Rebecca Ballhaus and Annie Linksey report. The Google (GOOGL) subsidiary is the last of three Big Tech companies to resolve personal litigation Trump brought against social-media platforms in the months after he left the White House, with Meta (META) agreeing in January to pay $25M, and X agreeing to pay $10M, according to the report. Trump's share of the YouTube settlement, $22M, will help fund a Mar-a-Lago-style ballroom at the White House, the report adds.