Elon Musk’s X is now valued at about $19bn or less than half of what he paid to buy the social media company, according to a new report. The multibillionaire Tesla and SpaceX chief last year finally bought the microblogging platform that was formerly called Twitter for the price of $44bn or $54.20 per share. Mr Musk’s purchase was completed after a months-long legal battle with the company. A new internal valuation has now found there to have been a 56 per cent decrease in the company’s value over the last 12 months, suggested internal documents. Stock grants handed out to employees showed X/Twitter is now worth about $19bn, Fortune reported on Monday. Mr Musk earlier said he had overpaid for the social media platform that he called “an inverse start-up.” In March, he told employees in an email that they would receive stock awards based on a $20bn valuation of the firm. The valuation drop comes as several high-profile advertisers have withdrawn after the Tesla titan’s controversial takeover of the company. Mr Musk’s reign of the platform has been marred by mass layoffs, the chaotic roll out of a number of new features, including the site’s verification process, and the reinstatement of previously suspended high-profile accounts. The company was also rebranded X along with a new logo to replace the bird icon that had been there since the platform’s creation. There have also been rising concerns around X’s content moderation approach. The EU recently opened an investigation into the company as misinformation linked to the Israel-Hamas conflict began to spread on the platform. In July, Mr Musk shared that X is “still negative cash flow” with a “50 per cent drop in advertising revenue plus heavy debt load”. Banks involved in financing the multibillionaire’s deal to buy Twitter are also reportedly struggling to mitigate the impact of platform’s decline in value on their balance sheets. The Tesla and SpaceX boss, however, has remained optimistic about the future of the platform. Mr Musk claimed in an email last year that he saw a “clear, but difficult, path to a >$250B valuation” for the company. In a recent company meeting, he also reportedly expressed his belief that the rebranded X could serve as an all-purpose app with a range of features like job recruitment and dating services. “We’re rapidly transforming the company from sort of what it was, Twitter 1.0, to the everything app with an all-inclusive feature app where you can basically do anything you want on our system,” he said, according to The New York Times. The Independent has reached out to X for a comment. Read More Elon Musk slammed by Israel for offering to send Starlink to Gaza Elon Musk says X posts with misinformation are ‘ineligible for revenue share’ Twitter adds video calling – and lets strangers ring you Elon Musk was ‘almost in tears’ on Tesla earnings call, analyst claims Slack to retire its status account on Elon Musk’s X Tesla’s profits dip as Musk goes on rant about staff working from home

Startup chipmaker Cerebras Systems Inc. announced that it’s built the first of nine artificial intelligence supercomputers with money

You may have noticed these weird phone numbers while watching reruns of your favorite ’50s-era TV show—and though they look like gibberish to modern phone-users, they were perfectly normal at the time.

This week, streaming platform Twitch introduced Content Classification Labels. These are meant to help streamers

Kris Jenner's latest Instagram post has posed a few questions about her flawless appearance. The reality star and famed momager of the Kardashian-Jenner clan took to the app on Monday (28 August) to showcase a glam look by make-up artist Samer Khouzami. The clip shows the 67-year-old innocently smiling for the camera – but many have gone as far as to accuse her porcelain skin as being "AI". One person hit back at MUA Khouzami: "Please post an unfiltered photo so we can see her true beauty. Being a master makeup artist this just gives clients the wrong illusion and this is things they expect instead of seeing pours which is totally normal." Another added: "She is f***ing stunning - but please show us this look without the ridiculous filter though? She doesn’t need it." "What the hell is happening that’s not her face," one fan quipped. Meanwhile, the editing app Facetune, which has become a popular hit among influencers and celebrities, snubbed: "This is a great time to tell everyone we have Facetune for videos." This isn't the first time eagle-eyed fans have accused the family of editing their photos online. Kim Kardashian even admitted to one hilarious mishap that got the internet talking. In a post last year, the SKIMS founder confessed to replacing Kylie Jenner's daughter, Stormi, with Khloe Kardashian's daughter, True. At the time, Kim shared the original image at Disneyland to her Instagram story, writing: "The original pics were Stormi! However, I asked @kyliejenner if I could post them and she said [insert crying face] she wasn't really feeling posting at the moment and so I respect that! But it wasn't going to mess up my IG feed. Chi was wearing pink and it matched perfectly." She continued: "It wasn't the aesthetic I was going for and I can own up to that! You know how much a good aesthetic means to my soul and I will be dammed if Kylie will ruin that for me and mess up my IG grid. So thank you True for taking one for the team!" Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

Ford nears UAW deal, Meta revenue jumps on ad rebound, new House Speaker elected, and other news to start your day.

Centenarians have become the fastest-growing demographic group in the world, with numbers approximately doubling every 10 years since the 1970s. Many researchers have sought out the factors and contributors that determine a long and healthy life. The dissolution isn't new either, with Plato and Aristotle writing about the ageing process over 2,300 years ago. Understanding what is behind living a longer life involves unravelling the complex interplay of genetic predisposition and lifestyle factors and how they interact. In a recent study published in GeroScience, researches have unveiled common biomarkers, including levels of cholesterol and glucose, in people who live past 90. The study is one of the largest that has been conducted in this area, comparing biomarker profiles measured throughout life among those who lived to be over the age of 100 and their shorter-lived peers. Data came from 44,000 Swedes who underwent health assessments at ages 64-99. These participants were then followed through Swedish register data for up to 35 years. Of these people, 2.7 percent (1,224) lived to be 100 years old. 85 percent of these centenarians were female. The study's findings conduced that lower levels of glucose, creatinine - which is linked to kidney function and uric acid, a waste product in the body caused by the digestion of certain foods - were linked to those who made it to their 100th birthday. The findings suggest a potential link between metabolic health, nutrition, and exceptional longevity. In terms of lifestyle factors, the study didn't allow for any conclusions to be made, but the authors of the study added that it's reasonable for factors such as nutrition and alcohol intake play a role. Overall, the fact that differences in biomarkers could be observed a long time before death suggests that genes and lifestyle play a role, but of course, chance likely has an input too. Sign up to our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

It’s a question that’s fascinated mankind for centuries – but could there really be life out there in the universe? Now, more than ever, the search is taking place in earnest and there have been plenty of developments in 2023. So, on World UFO Day these are the 9 biggest UFO stories of the year so far. 'Alien spacecraft' found at the bottom of Pacific Ocean For years people have been looking to the skies for signs of alien life - but maybe, they should have been looking at the bottom of the ocean this whole time. A Harvard physicist has claimed that parts of an alien 'spacecraft' could have been uncovered under the sea. Sign up to our free Indy100 weekly newsletter Professor Avi Loeb set off on a search along the bottom of the Pacific Ocean and found 50 iron pieces that originated from the IM1 meteor. IM1 crashed off the coast of Papua New Guinea and Leob believes it could contain key information in the search for life out there in the universe, saying he hasn’t discounted the idea of the pieces being evidence of a “spacecraft” from an “extraterrestrial technological civilization” which crashlanded on Earth.' Alien in New York' video sparks fresh speculation about UFOs in the United States More so-called footage of aliens on Earth has gone viral on social media - this time supposedly showing an extraterrestrial in a backyard in New York. The footage comes just days after a family in Las Vegas reportedly found aliens on their property before it was widely debunked by fact-checkers as nothing more than CGI. There had also been false claims that the family in question had gone 'missing' which was quickly dismissed. Inevitably another video has now gone viral on TikTok, racking up more than 300,000 views at the time of writing. UFO expert claims that the south pole is an 'air traffic control' for aliens Ufologist Dr. Steven Greer recently hosting a conference on the subject of UFOs. A range of people were invited to share their insights as part of an event streamed online and it saw Eric Hecker describe the south pole as an “air traffic control” hub for aliens. The conspiracy theorist made some pretty out-there claims at the conference, but it’s the discussion about the Amundsen–Scott South Pole Station that was most significant. He claimed the station actually operated as an “air traffic control” centre for UFOs and communicated with “exotic” crafts by sending neutrino rays up into space. Nasa astronaut claims that aliens have prevented a nuclear war on Earth Could we have aliens to thank for preventing a nuclear war on Earth? That’s what one former Nasa astronaut has claimed. Edgar Mitchell, who was involved in the Apollo 14 mission, gained a reputation for sharing conspiracy theories when he arrived back from the moon in 1971. Mitchell was the sixth man on the moon and was the Lunar Module Pilot on Apollo 14. Before his death in 2016, Mitchell spoke at length claiming that aliens visited Earth. Speaking to the Mirror, he alleged that aliens were responsible for preventing nuclear war between the US and the Soviets at the height of Cold War tensions. Pentagon whistleblower claims that ‘UFOs have killed humans’ A whistleblower who claims that the US government has been operating UFO retrieval research in secret has reportedly said that UFOs have been responsible for the deaths of humans. David Grusch worked for the National Geospatial-Intelligence Agency (NGA) and the National Reconnaissance Office (NRO) and was involved with the Unidentified Aerial Phenomena Task Force. He claimed that some of the “non-human intelligences” discovered have malevolent intentions and have killed people. The US government has apparently found an 'intact' alien aircraft One former US agent has claimed materials have been recovered that could support the existence of UFOs. David Charles Grusch, an ex-member of the National Geospatial-Intelligence Agency and National Reconnaissance Office, claimed the US government has a 'non-human origin' in-tact craft that they're keeping from the public. Speaking to NewsNation, Grusch said: "These are retrieving non-human origin technical vehicles, call it a spacecraft if you will, non-human exotic origin vehicles that have either landed or crashed." UFO spotted on Google Earth near Harry and Meghan's home A flying saucer was allegedly been found near Harry and Meghan’s £11 million mansion. The mysterious circular object was spotted by an eagle-eyed UFO hunter on Google Earth. Alien boffin Tony Moreno’s finding could be embarrassing for NASA. It comes as the space agency prepares to publish findings from its own nine-month probe into unidentified anomalous phenomena this summer. Logan Paul shares the one thing that could 'validate' the most 'compelling' UFO video ever Logan Paul has possession of the “best UFO footage ever”, or so he claims. It comes after documentary filmmaker James Fox spoke on The Joe Rogan Experience about a video rumoured to have been uncovered by UFO specialist Chuck Clark around 30 years ago. Fox claimed that the clip shows two men in the Nevada desert encountering a UFO, and he believes that if Paul released the footage it could be key to changing people’s perceptions about alien sightings. Now, Paul has stated that he does indeed have a copy of the video. He claimed that he tried to purchase the footage from Clark for $100,000. After the offer was turned down, he then used a hidden camera to record the footage after he was invited to a screening. Model captures 'best UFO footage ever' from her private plane A model has shared what some are describing on social media as the 'best UFO footage ever' after spotting something strange during a flight. Valentina Rueda Velez, a Colombian model who goes by the username @Valentinarueda.v on Instagram, shared a clip during a recent journey on a private plane. Valez, who has worked with the likes of Pretty Little Thing during her career, claims to have seen something strange pass by her window while flying on April 4. UFO enthusiasts have seized on the footage, which appears to show an object appearing against the clear blue sky. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

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(Bloomberg Markets) -- During a half-century of independence, Singapore has fought to expand its territory, inch by hard-won inch. On

Tinder recently updated its Community Guidelines, and with it comes changes to "reinforce authenticity, respect,