The Supreme Court is allowing work to proceed on a new Alabama congressional map with greater representation for Black voters

The Swamp is getting a makeover

After 40 years in the business, Daniel O'Donnell has fans in high places and a dollop of modesty.

Elon Musk’s X is now valued at about $19bn or less than half of what he paid to buy the social media company, according to a new report. The multibillionaire Tesla and SpaceX chief last year finally bought the microblogging platform that was formerly called Twitter for the price of $44bn or $54.20 per share. Mr Musk’s purchase was completed after a months-long legal battle with the company. A new internal valuation has now found there to have been a 56 per cent decrease in the company’s value over the last 12 months, suggested internal documents. Stock grants handed out to employees showed X/Twitter is now worth about $19bn, Fortune reported on Monday. Mr Musk earlier said he had overpaid for the social media platform that he called “an inverse start-up.” In March, he told employees in an email that they would receive stock awards based on a $20bn valuation of the firm. The valuation drop comes as several high-profile advertisers have withdrawn after the Tesla titan’s controversial takeover of the company. Mr Musk’s reign of the platform has been marred by mass layoffs, the chaotic roll out of a number of new features, including the site’s verification process, and the reinstatement of previously suspended high-profile accounts. The company was also rebranded X along with a new logo to replace the bird icon that had been there since the platform’s creation. There have also been rising concerns around X’s content moderation approach. The EU recently opened an investigation into the company as misinformation linked to the Israel-Hamas conflict began to spread on the platform. In July, Mr Musk shared that X is “still negative cash flow” with a “50 per cent drop in advertising revenue plus heavy debt load”. Banks involved in financing the multibillionaire’s deal to buy Twitter are also reportedly struggling to mitigate the impact of platform’s decline in value on their balance sheets. The Tesla and SpaceX boss, however, has remained optimistic about the future of the platform. Mr Musk claimed in an email last year that he saw a “clear, but difficult, path to a >$250B valuation” for the company. In a recent company meeting, he also reportedly expressed his belief that the rebranded X could serve as an all-purpose app with a range of features like job recruitment and dating services. “We’re rapidly transforming the company from sort of what it was, Twitter 1.0, to the everything app with an all-inclusive feature app where you can basically do anything you want on our system,” he said, according to The New York Times. The Independent has reached out to X for a comment. Read More Elon Musk slammed by Israel for offering to send Starlink to Gaza Elon Musk says X posts with misinformation are ‘ineligible for revenue share’ Twitter adds video calling – and lets strangers ring you Elon Musk was ‘almost in tears’ on Tesla earnings call, analyst claims Slack to retire its status account on Elon Musk’s X Tesla’s profits dip as Musk goes on rant about staff working from home

Self-proclaimed renovation ninja Ati Williams will help homeowners make the most out of their living spaces in Netflix's 'Hack My Home'

By Svea Herbst-Bayliss NEW YORK Blackstone Group LP is to invest $150 million in London-based Astaris Capital Management

Bella Hadid has candidly opened up about her battle with Lyme disease in an honest health update with her Instagram followers. On Sunday (6 August), the 26-year-old model shared a series of personal photos while speaking about her "almost 15 years of invisible suffering". The photos show doctor reports and Hadid during treatments including drips. She thanked her mother Yolanda Hadid for always being by her side, before launching into a lengthy caption detailing her experience. "Living in this state, worsening with time and work while trying to make myself, my family and the people who support me, proud, had taken a toll on me in ways I can’t really explain," Hadid wrote. "To be that sad and sick with the most blessings/privilege/opportunity/love around me was quite possibly the most confusing thing ever. one thing I want to express to you all is that 1: I am okay and you do not have to worry, and 2:I wouldn’t change anything for the world." Sign up for our free Indy100 weekly newsletter She told her 59 million followers that she is "finally healthy," and if she had to do it all again to "get here, to this exact moment I’m in right now, with all of you," she would. Hadid then reassured fans who may be struggling that "it will get better," before thanking her support network, her agents and the medics who have taken care of her over the years. She signed off: "I’ll be back when I’m ready / I miss you all so much /I love you all so much." It didn't take long for followers to flood the post with well wishes, including her sister Gigi Hadid who wrote: "I love u I am so proud and happy 4 u !" Fellow supermodel Winnie Harlow added: "God bless you on your journey, focusing on Yourself is so important!! love u." Meanwhile, fashion designer Jeremy Scott wrote: "SENDING U SO MUCH LOVE BELLIE." Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

Andrew Tate asserts that Jada Pinkett Smith is making videos of herself with Tupac Shakur

PetroChina has acquired 100% of electric vehicle (EV) charging firm Potevio New Energy Co Ltd in the latest

Ohio voters rejecting a measure that would have made it more difficult to change the state’s constitution is one of several developments related to abortion policy in several states this week

Johnny Depp said Lily-Rose Depp 'doesn’t cut herself short and she knows that her work is important'

By Sharon Bernstein BERKELEY, California In the 25 years since California voters banned all consideration of race in