X ban will make Brazil an ‘uninvestable market’: Hedge fund billionaire

Hedge fund billionaire Bill Ackman joined critics of a court order to suspend Elon Musk’s X in Brazil, saying the ruling will likely drive away investors and harm the country.

On Friday, Supreme Court Justice Alexandre de Moraes ordered internet service providers in Brazil to block its users from accessing X, after the social media company refused to appoint a legal representative in the country to deal with requests to take down accounts allegedly involved in spreading political misinformation.