Zinger Key Points
- X (formerly Twitter) faced major outage Monday with over 41,000 reports, mostly from app and website users, per Downdetector.
- Elon Musk blamed a massive cyberattack on X, saying it involved large resources and possibly a coordinated group or nation.
- Markets are messy—but the right setups can still deliver triple-digit gains. Join Matt Maley live this Wednesday at 6 PM ET to see how he’s trading it.
On Monday, Elon Musk-owned X (formerly Twitter) faced a major service disruption.
According to Downdetector, the number of outage reports exceeded 41,000. Major complaints (58%) were related to the app, 31% to the website, and 11% to the server connection.
Also Read: Elon Musk Says X ‘User Growth Is Stagnant’ As Banks Set To Offload Acquisition Debt At 10% Discount
X users in the U.K. also reported the outage earlier in the day, Reuters cites from the website.
In a post on X, Musk claimed there was a massive cyberattack against X. He acknowledged getting attacked daily, but this was done with many resources, either a large, coordinated group and/or a country.
Musk had acquired X for $44 billion in 2022. According to Bloomberg, X is in talks to raise new funding that would value the platform at $44 billion—the same amount Musk paid for it in 2022.
The report added that the discussions are ongoing, and the final terms could change.
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