{"id":17923,"date":"2025-04-07T09:53:24","date_gmt":"2025-04-07T09:53:24","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/how-x-is-benefiting-as-musk-advises-trump\/"},"modified":"2025-04-07T09:53:24","modified_gmt":"2025-04-07T09:53:24","slug":"how-x-is-benefiting-as-musk-advises-trump","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/how-x-is-benefiting-as-musk-advises-trump\/","title":{"rendered":"How X Is Benefiting as Musk Advises Trump"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">On a recent Thursday, journalists cramming into the White House press briefing room saw an unfamiliar face in a <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/01\/28\/business\/media\/white-house-press-briefing-podcasters-influencers.html\" title=\"\">rotating seat designated for new media<\/a>.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">It was occupied by John Stoll, who had recently been appointed head of news at X, the social platform owned by Elon Musk.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cAs you all know \u2014 you are all on X \u2014 it\u2019s home to hundreds of millions of users, a large contingent of independent journalists and news organizations across geographies and political spectrums,\u201d said <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/11\/15\/us\/politics\/karoline-leavitt-trump-white-house-press-secretary.html\" title=\"\">Karoline Leavitt, the White House press secretary<\/a>, by way of an introduction. She then directed Mr. Stoll to ask the first question.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">The decision by the White House to grant X a position of power and visibility alongside news organizations was one of an increasing number of perks landed by the social media company, as Mr. Musk became omnipresent at President Trump\u2019s side.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Since the election, the platform has become a go-to source for administration information, as Mr. Musk provides real-time updates about his Department of Government Efficiency and targets for federal cost-cutting to his more than 219 million followers. In February, at least a dozen government agencies, including the Internal Revenue Service and Defense Department, established new DOGE-focused X accounts to seek tips about federal waste and fraud. Users seeking an audience with Mr. Musk have increasingly flocked to the site in hopes of catching his ear.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The positioning of X as a powerful government mouthpiece has helped bolster the platform, even as the company continues to struggle. It has scrambled to meet revenue and advertising goals in recent months, according to internal emails seen by The New York Times. It faces regulatory scrutiny abroad. And on March 28, Mr. Musk announced that he had sold X to his artificial intelligence start-up, xAI, combining a struggling company with a faster-growing one.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Even so, X\u2019s heightened visibility under the Trump administration stands out \u2014 and has had a halo effect. Bankers have <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/02\/13\/technology\/elon-musk-x-debt-sale.html\" title=\"\">sold off billions in the company\u2019s outstanding debt<\/a> in recent weeks, aided by investor optimism about Mr. Musk\u2019s alignment with Mr. Trump. Major advertisers such as Amazon and Apple have returned.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">While it\u2019s unclear how long X\u2019s new momentum will last, and how much of it is a direct result of Mr. Musk\u2019s proximity to Mr. Trump, the recent successes are notable after years of business woes.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-3\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">\u201cX is where everything happens in real time,\u201d Linda Yaccarino, X\u2019s chief executive, wrote on the platform last month. \u201cRaw ideas and no filters with more truth and more voices.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Musk did not respond to a request for comment. X and the White House declined to comment.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The changes for X follow a whirlwind few months in which Mr. Musk became one of Mr. Trump\u2019s most influential advisers, including leading the Department of Government Efficiency. From an office suite next to the White House, Mr. Musk, who also leads the electric car manufacturer Tesla and the rocket company SpaceX, has been instrumental in setting and enacting administration policy.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-4\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">X has faced hurdles since Mr. Musk bought it for $44 billion in late 2022. He dismissed more than 80 percent of the staff and removed content moderation rules that limited hate speech. Some advertisers departed, worried their brands would appear next to offensive content.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In December, Fidelity, which invested in Mr. Musk\u2019s acquisition of the company, valued X at $12 billion.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-5\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">But in February, X\u2019s bankers were finally able to sell <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/02\/13\/technology\/elon-musk-x-debt-sale.html\" title=\"\">billions of dollars of debt to investors<\/a>. Months earlier, investors were negotiating to buy that debt at a loss of 10 percent to 20 percent for the banks. \u201cSome companies might be nervous about being seen as not being on board with the administration because they\u2019re not involved in X,\u201d said Jo-Ellen Pozner, an associate professor of management at the Leavey School of Business at Santa Clara University.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Still, X faced continued struggles. In January, Mr. Musk wrote in an email to employees that revenue was \u201cunimpressive\u201d and that the company was \u201cbarely breaking even.\u201d As of early March, X had served $91 million of ads in the first quarter, another message said, well below its target of $153 million.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThe time to sprint to the finish line is now,\u201d the email read.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The deal announced on March 28 by Mr. Musk valued X at about $33 billion and tethered its fortunes to xAI, which was valued at $80 billion. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cWe don\u2019t have great sense of what either of these companies are worth,\u201d said Eric Talley, a professor at Columbia Law School specializing in corporate governance. \u201cThey almost have to rise and fall together.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Musk, who has long bristled at media coverage of himself and his companies, has in recent months positioned X as a new media outlet, using his own news-making power to draw the spotlight to his platform.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-6\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">\u201cYou are the media now,\u201d he posted on Jan. 15, resharing a video of himself in which he pitched X as the future of citizen journalism. \u201cThe legacy media is controlled by a handful of editors in chief; that\u2019s why I encourage people to write things on the X platform,\u201d he said in the video.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">As Mr. Musk slashed government costs, the DOGE initiative received an X account and a gray verification badge for official government accounts. The account now advertises the initiative\u2019s accomplishments and pushes back on critics.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cHe is transforming X as a platform into government media, without any kind of constraint,\u201d said David Kaye, a law professor at the University of California, Irvine, who studies online speech.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In February, X also added DOGE accounts for government agencies, including the Social Security Administration and the Securities and Exchange Commission. While the agencies already have accounts on X, the new DOGE-themed accounts received the gray check mark badges normally reserved for government agencies. They have operated as tip lines for the cost-cutting project, encouraging users to share information about federal waste.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-7\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Conservatives have found that X is a direct pipeline to Mr. Musk, allowing them to <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/02\/26\/us\/politics\/elon-musk-doge-x-accounts-activists.html\" title=\"\">influence federal policy<\/a>. He has responded to viral complaints about the government on the platform, and his cost-cutting initiative has marked users\u2019 concerns as \u201cfixed.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Senator Joni Ernst, a Republican of Iowa who has long focused on government cost-cutting, described herself in a November post as the \u201ctop watchDOGE\u201d in the Senate. Mr. Musk responded with two American flag emojis.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThank you for your many years of hard work on improving government efficiency! Super helpful,\u201d Mr. Musk wrote in a December exchange.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">X created a head of news position to oversee the company\u2019s partnerships with media companies that advertise or share their work on the platform and hired Mr. Stoll, a former editor at The Wall Street Journal, in January.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Shortly after Mr. Trump took office, the administration decided to shake up the White House press room. A prominent chair to the side of the press secretary\u2019s lectern would be assigned to a reporter from \u201cnew media,\u201d a term that includes podcasters, influencers and \u201cnews-related content\u201d creators.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-8\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">During Mr. Stoll\u2019s only appearance in the press room so far, he said his presence was a testament to the White House\u2019s \u201copen-mindedness but also to innovation.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">He then asked about the \u201cconfidence in the competence of this administration to go toe to toe with Vladimir Putin.\u201d<\/p>\n<p class=\"css-798hid etfikam0\">Ryan Mac<!-- --> contributed reporting.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/04\/07\/technology\/elon-musk-x-trump.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On a recent Thursday, journalists cramming into the White House press briefing room saw an unfamiliar face in a rotating<\/p>\n","protected":false},"author":1,"featured_media":17924,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[123,114,511,510,395,118,113,111,125],"class_list":["post-17923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-computers-and-the-internet","tag-donald-j","tag-elon","tag-musk","tag-online-advertising","tag-social-media","tag-trump","tag-united-states-politics-and-government","tag-x-formerly-twitter"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How X Is Benefiting as Musk Advises Trump - World News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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