😳 X Gets Sued $20 Million By Ex-Twitter Chairman

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Hey Waivly Crew! 🌊 In today’s edition, a former Twitter executive chairman sues X, claiming over $20 million in unpaid shares. Meanwhile, Apple updates its App Store rules in the EU following DMA charges.

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Here’s what’s on the horizon today:

• Former Twitter board member sues Elon Musk’s X

• Russia and Venezuela block messaging app Signal

• Apple announces new fee structure for apps in the EU

Let’s dive in!

STORIES MAKING A SPLASH

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Former Twitter board member sues Elon Musk’s X

Former Twitter Chairman Omid Kordestani has sued Elon Musk, alleging that he is owed over $20 million in shares that Musk has refused to pay out. Kordestani, who served as executive chairman from 2015 to 2020 and stayed on the board for two additional years until Musk’s $44 billion acquisition, claims that the bulk of his compensation was in stock.

The lawsuit, filed in San Francisco Superior Court, accuses X Corp. of benefiting from Kordestani’s seven years of service without fulfilling the agreed-upon stock payments. Kordestani’s lawyers argue that the company is trying to reap the rewards of his contributions without compensating him fairly.

This lawsuit adds to a series of legal challenges Musk faces from former Twitter leaders. In March, four ex-executives sued Musk for allegedly withholding over $128 million in severance payments.

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Russia and Venezuela block messaging app Signal

Russia and Venezuela have blocked access to the encrypted messaging app Signal. In Russia, the telecommunications watchdog Roskomnadzor imposed the block, citing legal violations aimed at preventing the app’s use for extremist purposes. Despite this, cybersecurity tracker NetBlocks confirmed that Signal remains accessible with "censorship circumvention" enabled.

In Venezuela, the block follows a disputed July presidential election, where President Nicolás Maduro was declared the winner without evidence, sparking protests. The government’s move seems to target dissent, with other social media platforms, including X, also facing temporary bans.

Both countries’ actions reflect broader efforts to suppress online dissent and control information, highlighting the increasing use of digital censorship to silence opposition.

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Apple announces new fee structure for apps in the EU

Apple is updating its App Store rules in the EU following charges of violating the Digital Markets Act (DMA). The new rules allow developers to link to external purchases, but Apple will impose hefty fees on those who use this option, charging commissions on sales made on any platform, not just iOS.

Starting this fall, EU developers can include unlimited external links in their apps, directing users to outside purchase options. However, using these links triggers a "store services fee" of up to 20% on sales made within a year of the app's installation, even if the purchase is made on a different platform. An additional 5% fee applies to first-year purchases.

Combined, these fees could result in Apple taking up to a 25% commission on off-platform sales, including subscriptions and renewals. Some developers may qualify for reduced fees, depending on their specific programs.

CREATOR SPECIAL

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MisterrPink

MisterrPink is the developer behind EasySushi, a no-code platform that provides deep crypto market insights. With 10+ years of data, access to 110+ blockchain networks, 900+ Dexes, AI analysis, and automated reports, it’s designed to help you stay ahead in the crypto world.

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Buzz Rubenstein

Buzz Rubenstein is the co-founder of Overlap, a YC-backed podcast app that uses AI to curate the best podcast moments just for you. Overlap replaces full episodes with clips, subscriptions with topic-based playlists, and top charts with personalized recommendations.

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THE WAVES

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More Stories Surfing The Web

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‎‎‏‎💼 ‎‎Irish DPC sues Elon Musk’s X over EU data violations

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SAIL INTO A NEW CAREER

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Waivly Work Highlights

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