{"id":34407,"date":"2024-09-02T18:41:10","date_gmt":"2024-09-02T18:41:10","guid":{"rendered":"https:\/\/sasquatchnewsonline.com\/?p=34407"},"modified":"2024-09-02T18:41:10","modified_gmt":"2024-09-02T18:41:10","slug":"hedge-fund-billionaire-bill-ackman-criticizes-brazils-blocking-of-x-platform-says-it-makes-the-country-uninvestable","status":"publish","type":"post","link":"https:\/\/sasquatchnewsonline.com\/?p=34407","title":{"rendered":"Hedge Fund Billionaire Bill Ackman Criticizes Brazil\u2019s Blocking of X Platform, Says It Makes the Country \u2018Uninvestable\u2019"},"content":{"rendered":"

The blocking of social media platform X in Brazil has left 20 million users frustrated, and has also generated widespread condemnation from all sectors where free-speech is cherished.<\/p>\n

Hedge fund billionaire Bill Ackman is one of the critics of the measure.<\/p>\n

Ackman has become one the latest critics of a court order to suspend Elon Musk\u2019s social-media platform in Brazil.<\/p>\n

He argues in an online post that the tyrannical ruling will drive away investors and harm the country.<\/p>\n

Read: X\/Twitter Exposes Brazil Supreme Court Justice Alexandre de Moraes\u2019 Crimes, Human Rights Violations, and the Dark Truth Behind Social Media Ban<\/a><\/strong><\/p>\n

Brazilian Supreme Court Justice Alexandre de Moraes, on Friday, ordered internet service providers in Brazil to prevent people from gaining access to X.<\/p>\n

The order was in response to X\u2019s refusal to name a legal representative in the country since the Court was making illegal secret requests and threatening the representatives with prison.<\/p>\n

Justice Moraes wanted the X platform to handle requests to remove accounts that allegedly spread political misinformation.<\/p>\n

The reaction in many sectors has been fierce, and now Ackman joined critics of the court order to suspend X in Brazil.<\/p>\n

Ackman reacted saying the ruling will likely drive away investors and harm the country.<\/p>\n

Moraes also absurdly ordered the freeze of funds held by another of Musk\u2019s enterprises, Starlink.<\/p>\n

The move is supposed to serve as collateral for fines imposed on X for not following court decisions.<\/p>\n\n

Bloomberg<\/a> reported:<\/p>\n

\u201cThe \u2018illegal shut down of X and account freeze at Starlink put Brazil on a rapid path to becoming an uninvestable market\u2019, Ackman said in a post on X on Saturday night. \u2018China committed similar acts leading to capital flight and a collapse in valuations. The same will happen to Brazil unless they quickly retreat from these illegal acts\u2019.<\/p>\n

Over the weekend, most of Brazil\u2019s largest internet providers complied with the order, pushing users in the country to migrate to some of X\u2019s competitors. Social media network Bluesky, founded by Jack Dorsey after selling Twitter to Musk, reported one million new users in the three days ending on Saturday and published a series of posts in Portuguese to welcome Brazilians signing up for the service.\u201d<\/p>\n

Read more:<\/strong><\/p>\n

Alliance Defending Freedom Announces Its Stand with Brazilians in Fight Against Censorship \u2013 Will Go to Inter-American Court of Human Rights to Reverse Censorship by Justice Moraes in Brazil<\/a><\/p>\n\n

The post Hedge Fund Billionaire Bill Ackman Criticizes Brazil\u2019s Blocking of X Platform, Says It Makes the Country \u2018Uninvestable\u2019<\/a> appeared first on The Gateway Pundit<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The blocking of social media platform X in Brazil has left 20 million users frustrated, and has also<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-34407","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nHedge Fund Billionaire Bill Ackman Criticizes Brazil\u2019s Blocking of X Platform, Says It Makes the Country \u2018Uninvestable\u2019 - Sasquatch News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sasquatchnewsonline.com\/?p=34407\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hedge Fund Billionaire Bill Ackman Criticizes Brazil\u2019s Blocking of X Platform, Says It Makes the Country \u2018Uninvestable\u2019 - 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