Elon Musk told staff X is ‘barely breaking even’, reports say
1 month, 3 weeks ago

Elon Musk told staff X is ‘barely breaking even’, reports say

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Banks are preparing to sell off debt used to help Elon Musk purchase X as the tech tycoon tells employees the company is “barely breaking even.” According to reporting from The Wall Street Journal, bankers at Morgan Stanley are planning to offload roughly $3bn in debt during a sale next week and are already contacting investors. According to the outlet, that task hasn’t proved too difficult as some investors have reached out to banks hoping to buy the debt, believing the company could be seeing increased profits soon. “Our user growth is stagnant, revenue is unimpressive and we’re barely breaking even,” Musk told X employees. WSJ is lying.” Musk has tried several different ways to boost X’s profits, including making users pay for verification, something that had previously been given to users of notoriety and journalists.

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History of this topic

FAA employees threatened with termination if they 'impede' SpaceX takeover: report
Trending News
2 weeks, 4 days ago

FAA employees threatened with termination if they 'impede' SpaceX takeover: report

Raw Story  

Bloomberg is reporting that members of the Federal Aviation Administration have been threatened with termination if they act to "impede" a takeover by SpaceX, the private space exploration firm owned by billionaire Elon Musk. According to Bloomberg's sources, SpaceX engineer Ted Malaska last month came to the FAA's headquarters in Washington D.C. and gave employees what he described as a …

Elon Musk may be on the brink of achieving the impossible: Salvaging his $44 billon investment in X
1 month ago

Elon Musk may be on the brink of achieving the impossible: Salvaging his $44 billon investment in X

CNN  

New York CNN — In October 2022, Elon Musk paid $44 billion to buy Twitter — almost certainly an overpayment — and he promptly made significant changes that plunged the company into chaos and sent its ad business and valuation into a tailspin. Also helping X’s rebound: It reportedly holds a stake in xAI, Musk’s AI company, which itself is …

Top Democrats Fear Elon Musk Will ‘Enrich’ Himself In Newest Move
1 month ago

Top Democrats Fear Elon Musk Will ‘Enrich’ Himself In Newest Move

Huff Post  

LOADING ERROR LOADING Two top Democrats raised concerns about an Elon Musk-led effective shuttering of a consumer financial watchdog as the world’s richest man launches his own payment system. Elizabeth Warren, the top Democrat on the Senate Banking Committee, and Adam Schiff demanded that staffers at Musk’s “Department of Government Efficiency” be removed from the Consumer Financial Protection Bureau amid …

Report suggests Elon Musk’s X is raising cash from investors
1 month ago

Report suggests Elon Musk’s X is raising cash from investors

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk’s social media platform …

'Rife with conflicts': Musk sets sights on agency that would regulate 'X Money Accounts'
1 month, 1 week ago

'Rife with conflicts': Musk sets sights on agency that would regulate 'X Money Accounts'

Raw Story  

One of the agencies that Elon Musk's Department of Government Efficiency is tasked with downsizing is the Consumer Financial Protection Bureau — the very same agency that will decide whether Musk's social media platform X will be permitted to offer mobile payment services à la Paypal. According to NPR, "X, formerly Twitter, announced it had struck a deal with Visa …

Musk allies given access to private consumer data before shutting down agency: sources
1 month, 1 week ago

Musk allies given access to private consumer data before shutting down agency: sources

Raw Story  

Four young staffers working under Elon Musk gained access to highly sensitive personal data held by a consumer protection agency before shutting it down. White House budget director Russell Vought ordered wider access to Consumer Financial Protection Bureau materials by staffers working for the so-called Department of Government Efficiency over the weekend before agency chief operating officer Adam Martinez ordered …

'Musk's fingerprints all over' bewildering email sent to federal workers: report
1 month, 3 weeks ago

'Musk's fingerprints all over' bewildering email sent to federal workers: report

Raw Story  

An already bewildered federal workforce is grappling with the same scenario Twitter employees faced just over two years ago: Quit or commit to the new mission. An email sent this week to 2.3 million government workers, with the subject line "Fork in the Road," resembles one sent to employees of the social media platform in November 2022 after Elon Musk …

Elon Musk’s X takes one step closer to his final goal
1 month, 3 weeks ago

Elon Musk’s X takes one step closer to his final goal

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk is one step closer to turning X, his social media platform …

Elon Musk's X will launch its first digital wallet this year
1 month, 3 weeks ago

Elon Musk's X will launch its first digital wallet this year

India Today  

Elon Musk owned social media platform, X will soon introduce financial services on its app. The company will use Visa Direct, Visa's real-time money transfer solution, to fund X Money’s wallet, link to a debit card for payments to other users, and enable seamless transfers back to your bank account. App researchers have repeatedly discovered code related to X Money, …

Elon Musk's X to soon launch its 'X Money' digital wallet
1 month, 3 weeks ago

Elon Musk's X to soon launch its 'X Money' digital wallet

India TV News  

Since Elon Musk took over the social media platform X, he has implemented numerous changes, and this transformation is still underway. The collaboration will allow the platform to utilise Visa Direct for transferring funds to the X Money wallet, enabling users to link their debit and credit cards for transactions and move money to their bank accounts. X CEO Linda …

Elon Musk’s X partners with Visa on payment service in an effort to become an ‘everything app,’
1 month, 3 weeks ago

Elon Musk’s X partners with Visa on payment service in an effort to become an ‘everything app,’

Associated Press  

NEW YORK — X is teaming up with Visa to soon offer a system for real-time payments on the social media platform — signaling some progress in a yearslong vision from billionaire owner Elon Musk to create an “everything app.” Visa is the first partner for the platform’s “X Money Account” service, which is set to launch later this year, …

Elon Musk’s X announces deal with Visa to launch in-app financial services
1 month, 3 weeks ago

Elon Musk’s X announces deal with Visa to launch in-app financial services

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Elon Musk calls X’s revenue ‘unimpressive,’ warns employees of ‘very dire situation’
1 month, 3 weeks ago

Elon Musk calls X’s revenue ‘unimpressive,’ warns employees of ‘very dire situation’

Live Mint  

While Elon Musk is often seen publicly praising how X, formerly Twitter, has grown since he took over the company, the billionaire has revealed a very different side of the equation in an email to his employees. Musk told X employees in an email that the company is in “a very dire situation from a revenue standpoint”. The billionaire went …

Elon Musk's X hikes up price for premium plus plan to boost creator payments
Trending News
3 months ago

Elon Musk's X hikes up price for premium plus plan to boost creator payments

Hindustan Times  

Elon Musk-owned social platform X has increased the price of its premium-plus plan in several markets starting December 21, as the company aims to boost creator payments, reported Reuters. X, formerly Twitter, has increased the price of its premium plus subscription Their top-tier plan has increased from $16 to $22 per month in the United States, reported Reuters citing a …

Elon Musk's xAI Wraps Up $6 Billion in Funding in Latest Round
3 months, 2 weeks ago

Elon Musk's xAI Wraps Up $6 Billion in Funding in Latest Round

Deccan Chronicle  

Elon Musk’s xAI has raised $6 billion in new capital, according to a regulatory filing, wrapping up a funding round that has been in the works for months and was said to value the artificial intelligence startup at more than $40 billion. Bloomberg News reported in October that xAI was seeking new funding at a $40 billion valuation, not including …

Elon Musk's X: A Journey from Social Media to Financial Powerhouse
4 months, 2 weeks ago

Elon Musk's X: A Journey from Social Media to Financial Powerhouse

Hindustan Times  

Elon Musk's X was supposed to become a bank, a dating app, and more, but it is still under development. The company is working on a Venmo-like payments feature and has secured money transmitter licenses for processing payments in 38 US states, including California. However, approval is yet to come in other key states like New York.

Musk's X skirts Brazil ban and returns to some users with change to server access
6 months ago

Musk's X skirts Brazil ban and returns to some users with change to server access

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Some Brazilian users reconnected with …

Elon Musk’s X to Close San Francisco Office, Relocate Workers
7 months, 2 weeks ago

Elon Musk’s X to Close San Francisco Office, Relocate Workers

Live Mint  

Elon Musk’s X, the social network formerly known as Twitter, will close its San Francisco office, ending the company’s presence in the city where it was founded in 2006. Chief Executive Officer Linda Yaccarino sent an email to employees saying X will move out of its Market Street space in San Francisco, according to a person familiar with the company. …

Elon Musk’s X wants to sublease entire 800,000 sq ft San Francisco headquarters
8 months, 1 week ago

Elon Musk’s X wants to sublease entire 800,000 sq ft San Francisco headquarters

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy X is reportedly looking to sublease its entire, roughly 800,000 square foot headquarters …

Elon Musk's pressure mounts on X CEO Linda Yaccarino to cut costs and boost revenue: Report
8 months, 3 weeks ago

Elon Musk's pressure mounts on X CEO Linda Yaccarino to cut costs and boost revenue: Report

Live Mint  

Elon Musk's social media platform X is reportedly navigating significant internal changes under the leadership of CEO Linda Yaccarino. The report adds that sources within X indicate that Benarroch’s departure was largely due to his mismanagement of a new adult content policy rollout, which failed to adequately inform clients before its public announcement. During the meeting, Yaccarino urged employees to …

Elon Musk pressurises X CEO Linda Yaccarino to cut costs and boost sales, report says
9 months ago

Elon Musk pressurises X CEO Linda Yaccarino to cut costs and boost sales, report says

India Today  

More than a year ago, Linda Yaccarino took charge as X CEO and has often made headlines. Sources within the company told Financial Times that Yaccarino has been particularly anxious about meeting Musk’s demands to increase revenue and reduce expenses. The meeting was headed by Yaccarino, and she reportedly told employees to promote Musk's recent venture x.AI but didn't talk …

Elon Musk's X laid off more people recently and delayed promotions, says report
9 months, 1 week ago

Elon Musk's X laid off more people recently and delayed promotions, says report

India Today  

Ever since Elon Musk took over Twitter, there have been numerous rounds of layoffs that were carried out at the company. According to a report in The Verge, Yaccarino encouraged employees to promote Musk's recent venture x.AI but didn't talk much about X's advertising business performance during a recent all-hands meeting. Sources also told The Verge that Steve Davis, CEO …

Elon Musk’s X is especially vulnerable to an ad boycott
10 months ago

Elon Musk’s X is especially vulnerable to an ad boycott

Hindustan Times  

For someone who despises the advertising industry, Elon Musk has a way with viral slogans. Since Mr Musk fired 80% of X’s staff, including many moderators, more bile seems to be leaking through the filters. In September Mr Musk said that X’s American ad business was down by 60%. Even before GFY, Insider Intelligence, another research firm, expected X’s worldwide …

Elon Musk challenges Brazil's order to block certain X accounts
11 months, 2 weeks ago

Elon Musk challenges Brazil's order to block certain X accounts

Hindustan Times  

Elon Musk is challenging a decision by a Supreme Court justice in Brazil who ordered his social media platform X, formerly known as Twitter, to block certain accounts, and he called on Sunday for the judge's resignation. Elon Musk, CEO of SpaceX and Tesla and owner of X, formerly known as Twitter "This judge has brazenly and repeatedly betrayed the …

Elon Musk's X has a new safety leader, nine months after predecessor left the social media platform
11 months, 2 weeks ago

Elon Musk's X has a new safety leader, nine months after predecessor left the social media platform

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk's X, the platform …

Elon Musk's X shed 1,000 employees across team tasked to combat online hate
1 year, 2 months ago

Elon Musk's X shed 1,000 employees across team tasked to combat online hate

Hindustan Times  

Amid rise in "hateful and toxic" content on the platform, Elon Musk's X told an Australian watchdog that it has shed around 1,000 employees from its 'safety' team, which is responsible for stopping abusive content online. The online regulator said that Elon Musk's takeover of X, formerly Twitter, coincided with a spike in "toxicity and hate" on the platform. The …

Elon Musk told X advertisers to 'Go f*** yourself' | What is wrong?
1 year, 3 months ago

Elon Musk told X advertisers to 'Go f*** yourself' | What is wrong?

India TV News  

Elon Musk told X advertisers to 'Go f*** yourself' | What is wrong? Musk took around a USD 13 billion loan, out of which the social media company has to pay around USD 1.2 billion as interest every year. It was reported further that Disney and Apple are not advertising on X anymore and Musk told the companies last week …

Elon Musk's X hit by mass resignations, both senior & junior staff quitting roles
1 year, 3 months ago

Elon Musk's X hit by mass resignations, both senior & junior staff quitting roles

Hindustan Times  

Elon Musk seems to be having a tough time in maintaining a smooth workflow at X. Elon Musk As per a report by Claire Atkinson, Musk's role as the leader of X has been characterised by a turbulent period in the last few months. Elon Musk recently attracted widespread criticism when he endorsed a user's false claim suggesting that Jewish …

Elon Musk’s antisemitic comments have pushed X advertisers over the edge
1 year, 4 months ago

Elon Musk’s antisemitic comments have pushed X advertisers over the edge

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. One day after, an investigation by the left-wing campaign group Media Matters for America found that ads …

X now valued at $19bn – less than half of what Elon Musk paid for it
1 year, 4 months ago

X now valued at $19bn – less than half of what Elon Musk paid for it

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk’s X is now valued at about $19bn or less than half …

The chaos at X since Elon Musk’s takeover has gotten worse
1 year, 5 months ago

The chaos at X since Elon Musk’s takeover has gotten worse

Al Jazeera  

A flood of fake news, multiple changes in policies may keep advertisers off X, threatening its business model. “ erosion of trust, both from users and advertisers, coupled with the heightened risk of disinformation and misinformation, should cause worry for X’s future prospects,” said Zachary Weiner, CEO of communications agency Emerging Insider which focuses on media, publishers, and the entertainment …

US regulators seek to compel Elon Musk to testify in their investigation of his Twitter acquisition
1 year, 5 months ago

US regulators seek to compel Elon Musk to testify in their investigation of his Twitter acquisition

Associated Press  

The Securities and Exchange Commission said Thursday it is seeking a court order that would compel Elon Musk to testify as part of an investigation into his purchase of Twitter, now called X. But “two days before his scheduled testimony, Musk abruptly notified the SEC staff that he would not appear,” said the agency’s filing. Musk’s attorney, Alex Spiro, said …

Uphill Battle: Linda Yaccarino faces tough time in pacifying banks who funded Elon Musk's X acquisition
1 year, 5 months ago

Uphill Battle: Linda Yaccarino faces tough time in pacifying banks who funded Elon Musk's X acquisition

Firstpost  

Elon Musk had to take out a massive loan to fund his acquisition of Twitter, now X. Linda Yaccarino X’s CEO is now facing a tough time in keeoing teh banks at bay as the platform is having a tough time with its advertisers Elon Musk, the CEO of Tesla, had to dip significantly into his personal finances to cover …

X CEO Yaccarino says Musk-owned platform could turn a profit next year
1 year, 5 months ago

X CEO Yaccarino says Musk-owned platform could turn a profit next year

The Hindu  

Social media platform X could turn a profit in early 2024, Chief Executive Officer Linda Yaccarino said on Wednesday, during a wide-ranging interview in which she defended the company's progress under billionaire owner Elon Musk. When asked about third-party estimates that showed X's active app users have fallen to 25th place behind Samsung's clock app, Yaccarino said key metrics around …

Elon Musk-owned X will be ‘turning a profit’ in early 2024, says CEO Linda Yaccarino
1 year, 5 months ago

Elon Musk-owned X will be ‘turning a profit’ in early 2024, says CEO Linda Yaccarino

Live Mint  

Social media giant X could become profitable by the start of 2024, CEO Linda Yaccarino has confirmed in an appearance at Vox Media's Code conference. Speaking about the roadmap of profitability for X, Yaccarino said, "Now that I have immersed myself in the business, and we have a good set of eyes on what is predictable, what's coming is that …

Elon Musk-owned X could turn a profit by 2024: CEO Linda Yaccarino
1 year, 5 months ago

Elon Musk-owned X could turn a profit by 2024: CEO Linda Yaccarino

Hindustan Times  

Social media platform X could turn a profit in early 2024, Chief Executive Officer Linda Yaccarino said on Wednesday, during a wide-ranging interview in which she defended the company's progress under billionaire owner Elon Musk. X Chief Executive Officer Linda Yaccarino The appearance at Vox Media's Code conference comes as Yaccarino marked 100 days as CEO of the platform formerly …

NYU professor claims his X account locked after snubbing Elon Musk
1 year, 7 months ago

NYU professor claims his X account locked after snubbing Elon Musk

Live Mint  

Scott Galloway, a marketing professor at New York University, has claimed that he was locked out of his account on X, formerly Twitter, after refusing to meet with Elon Musk, reported Insider. Galloway said, "A mutal friend reached out and said Elon feels 'unfairly attacked,' by me, and wants to meet," Galloway posted on Threads. His X posts also appear …

‘X is close to breaking even’: CEO Linda Yaccarino as she reverses some of Musk’s older decisions
1 year, 7 months ago

‘X is close to breaking even’: CEO Linda Yaccarino as she reverses some of Musk’s older decisions

Firstpost  

X CEO Linda Yaccarino has claimed that the platform is very close to breaking even. This comes as a surprise, given the financial challenges the company has faced since its acquisition by Elon Musk Linda Yaccarino, the CEO of X, recently stated that the company previously known as Twitter is nearing the point of breaking even. Licensing has turned things …

X CEO Linda Yaccarino plans hiring spree after Musk slashed major workforce: Report
1 year, 7 months ago

X CEO Linda Yaccarino plans hiring spree after Musk slashed major workforce: Report

Live Mint  

Linda Yaccarino, the CEO of X, mentioned that the formerly known as Twitter, is in the process of recruiting once more. "Our responsibilities are distinctly defined," Yaccarino stated, and she added that while Musk concentrates on the technological and product aspects, her focus encompasses “all other areas.” The company has not posted any available positions on LinkedIn or its official …

Elon Musk’s X platform will fund ‘unlimited’ legal bills for users
1 year, 7 months ago

Elon Musk’s X platform will fund ‘unlimited’ legal bills for users

Live Mint  

Elon Musk's social media platform, X, announced that it will fund the legal bills of individuals who have been treated unfairly by their employers due to their posts or likes on the platform. Elon Musk earlier announced that X will take some time to share the advertising revenue with the content creators as the company needs more time to process …

Elon Musk: Twitter will not cut earnings for most users
1 year, 7 months ago

Elon Musk: Twitter will not cut earnings for most users

India TV News  

Elon Musk, the owner of X, recently introduced an ad revenue-sharing program to help creators earn money from their tweets. Musk expressed his discontent with Apple's 30% fee for in-app purchases made through the Twitter app on iOS devices during the first year, which reduces to 15% for subsequent years. Image Source : X APPElon Musk's Tweet X's new creator …

X threatens to sue researchers who accused Twitter of allowing ‘hate to prosper’ on platform
1 year, 7 months ago

X threatens to sue researchers who accused Twitter of allowing ‘hate to prosper’ on platform

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy X, the social media …

Elon Musk takes control of @X account from user who had held it for 16 years
1 year, 7 months ago

Elon Musk takes control of @X account from user who had held it for 16 years

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The official account for Elon Musk’s X app has switched from @Twiter to …

What is Elon Musk’s ‘everything app’ X?
1 year, 7 months ago

What is Elon Musk’s ‘everything app’ X?

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Before he even purchased Twitter in October 2022, Mr Musk said that buying the site was an …

Column: Elon Musk has replaced Twitter with X — and an actual business with science fiction
1 year, 7 months ago

Column: Elon Musk has replaced Twitter with X — and an actual business with science fiction

LA Times  

Before Elon Musk entered the picture, Twitter had a real, and mostly sustainable business model. A reporter for TechCrunch, a website famous for reflecting Silicon Valley optimism, wrote, simply, “It’s trash.” The tech world spent the following days trying to read the tea leaves, to game out Musk’s plans and motives for overhauling — some would say desecrating — one …

Twitter reborn: X may yet mark the spot where Elon Musk strikes gold
1 year, 8 months ago

Twitter reborn: X may yet mark the spot where Elon Musk strikes gold

The Telegraph  

Another week, another eccentric pronouncement from Elon Musk about the future of Twitter. “Looking forward to working with Linda to transform this platform into X, the everything app,” he wrote, later adding, “soon we shall bid adieu to the Twitter brand and, gradually, all the birds”. “It’s an exceptionally rare thing – in life or in business – that you …

Elon Musk's Twitter no longer exists as a company!
1 year, 11 months ago

Elon Musk's Twitter no longer exists as a company!

Hindustan Times  

Microblogging platform is no longer an independent company. The revelation has come to light after Elon Musk posted ‘X’ on his Twitter account, triggering speculation about the future of the company he bought for $44 billion last October. The billionaire had suggested that the acquisition of the social media giant would be an ‘accelerant’ for the creation of X. Musk's …

Twitter becomes X Corp as Musk advances ‘everything app’ hopes
1 year, 11 months ago

Twitter becomes X Corp as Musk advances ‘everything app’ hopes

Live Mint  

Twitter Inc. has ceased to be an independent company after merging with a newly formed shell firm called X Corp., driving speculation about what Elon Musk intends for the social media platform. Twitter “no longer exists" after being merged with X Corp., according to an April 4 document submitted in a California court for a lawsuit filed against the company …

Fired by tweet: Elon Musk's latest actions are jeopardizing Twitter, experts say
2 years, 4 months ago

Fired by tweet: Elon Musk's latest actions are jeopardizing Twitter, experts say

NPR  

Fired by tweet: Elon Musk's latest actions are jeopardizing Twitter, experts say Enlarge this image toggle caption Jeff Chiu/AP Jeff Chiu/AP Eric Frohnhoefer thought his tweets to Twitter CEO Elon Musk explaining why there was a problem with the platform's speed was innocuous enough. In addition to the public firing of Frohnhoefer this week, Musk also gave employees an ultimatum: …

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