Skip to content
Bull Bear Daily

Bull Bear Daily

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Politics
  • Top News
  • Newsletters
  • Home
  • 2024
  • August
  • 30
  • Lula says Musk must respect Brazil’s top court as X braces for shutdown

Lula says Musk must respect Brazil’s top court as X braces for shutdown

Bull Bear Daily August 30, 2024 1 minute read
2024-08-30T122415Z_2_LYNXMPEK7T0FI_RTROPTP_4_BRAZIL-ECONOMY-CENTRALBANK

SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Friday that billionaire Elon Musk must respect the rulings of the country’s Supreme Court, amid an ongoing feud that left social media giant X on the brink of being taken down in Brazil.

X was still working normally in Brazil on Friday morning, but the platform said on Thursday that it expected Supreme Court Justice Alexandre de Moraes to order a shutdown “soon,” after a court-imposed deadline for the company to identify a legal representative in Brazil expired.

Amid the underlying feud over X, the court also blocked the local bank accounts of Musk’s Starlink satellite internet firm, which a source told Reuters was a response to the lack of legal representatives in Brazil for the social media platform.

Under Brazilian laws governing the internet, social media must have a representative based in the country. To shut down X’s operations in Brazil, justice Moraes would have to order telecommunication companies to stop carrying X traffic.

Users, however, would still be able to dodge the blockage by using VPNs.

(Reporting by Lisandra Paraguassu; Writing by Luana Maria Benedito; Editing by Gabriel Araujo)

About the Author

Bull Bear Daily

Administrator

Visit Website View All Posts

Post navigation

Previous: GM delays additional $330 million investment in Thacker Pass, Lithium Americas says
Next: US FDA approves Emergent’s smallpox vaccine for people at high risk of mpox

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Sign up for our free Bull Bear Daily Newsletter!

Discover new market trends and ideas directly to your inbox.

Recent Posts

  • Ethiopia accuses Eritrea of military aggression, backing armed groups
  • Fed opts to keep bank capital buffers steady until 2027 as it mulls stress test tweaks
  • UNICEF calls for criminalization of AI content depicting child sex abuse
  • US Justice Department casts wide net on Netflix’s business practices in merger probe, WSJ reports
  • Tether says ‘misconception’ over fundraising plans amid reports of investor pushback

You may have missed

2026-02-08T140008Z_1_LYNXMPEM1707Y_RTROPTP_4_RUSSIA-ETHIOPIA.JPG
  • Newsletters

Ethiopia accuses Eritrea of military aggression, backing armed groups

Bull Bear Daily February 8, 2026 0
2026-02-05T070310Z_2_LYNXMPEM131EP_RTROPTP_4_USA-TRUMP-FED-POWELL.JPG
  • Newsletters

Fed opts to keep bank capital buffers steady until 2027 as it mulls stress test tweaks

Bull Bear Daily February 8, 2026 0
2026-02-05T094659Z_2_LYNXMPEM1317G_RTROPTP_4_ISRAEL-PALESTINIANS-AID.JPG
  • Newsletters

UNICEF calls for criminalization of AI content depicting child sex abuse

Bull Bear Daily February 7, 2026 0
  • Newsletters

US Justice Department casts wide net on Netflix’s business practices in merger probe, WSJ reports

Bull Bear Daily February 7, 2026 0
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
Copyright 2026 © All rights reserved | Bull Bear Daily | bullbeardaily.com