Reported about 1 month ago
Hedge fund billionaire Bill Ackman criticized a Brazilian court order to suspend Elon Musk's social media platform X, asserting that this decision could lead to investors fleeing the country. He compared Brazil's actions to those of China, which resulted in significant capital flight. The Supreme Court's ruling, which required internet providers to block access to X, is expected to push users towards competitors like Bluesky, which recently gained a large influx of Brazilian users.
Source: YAHOO