Bill Ackman Says X Ban Will Make Brazil an ‘Uninvestable Market’

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Bill Ackman News

Alexandre De Moraes,Bloomberg,Brazil

(Bloomberg) -- Hedge fund billionaire Bill Ackman joined critics of a court order to suspend Elon Musk’s X in Brazil, saying the ruling will likely drive...

-- Hedge fund billionaire Bill Ackman joined critics of a court order to suspend Elon Musk’s X in Brazil, saying the ruling will likely drive away investors and harm the country.As Rural Hospitals Shutter Maternity Wards, Urban Ones Follow

Moraes also ordered the freeze of funds held by another of Musk’s enteprises, Starlink, to serve as collateral for fines imposed on X for not following court decisions. Over the weekend, most of Brazil’s largest internet providers complied with the order, pushing users in the country to migrate to some of X’s competitors. Social media network Bluesky, founded by Jack Dorsey after selling Twiiter to Musk, reported one million new users in the three days ending on Saturday and published a series of posts in Portuguese to welcome Brazilians signing up for the service.

Newcastle v Tottenham LIVE: Result and final score from Premier League after Alexander Isak restores leadZAPORIZHZHIA, Ukraine — Just hours after a dawn air raid alarm rang through the city, Zaporizhzhia schoolchildren celebrated the traditional first day of school on Sunday.

 

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