This wave of account bans comes as part of X's compliance with the IT Rules, 2021
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This development marks the latest episode in the ongoing legal conflict between Musk and the SEC, which originated in 2018 when Musk tweeted about taking Tesla private
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This legal tussle has ignited heated exchanges between Musk and senior Australian officials, including Australian Prime Minister Anthony Albanese
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The legal proceedings stem from Musk’s 2022 purchase of the social media platform and involve scrutiny over whether he violated federal securities laws during USD 44 billion acquisition of Twitter
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The original controversy began in August 2018 when Musk tweeted, "Am considering taking Tesla private at $420. Funding secured”
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Responding to the court's order, Musk criticised the Australian government, suggesting that the directive to remove the content was an act of censorship and an overreach of its authority
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Despite backing from high-profile investors such as Andreessen Horowitz and public figures like Scott Galloway, and having Silicon Valley journalist Kara Swisher as an adviser, Post News struggled to achieve the rapid consumer adoption
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