In an open letter to Anwar Ibrahim, they say the plan only imposes undue burdens on the industry.

Musk has said X should be a platform for people to post diverse viewpoints, but the company will limit the distribution of certain posts that may violate its policies, calling the approach 'freedom of speech, not reach.'

Formerly known as Twitter, X has an ongoing legal tussle with Prime Minister Narendra Modi's administration over what New Delhi alleges is non-compliance with content removal orders.

Musk is SpaceX's largest shareholder with a 42% stake and almost 79% of its voting power as of March, the report says.

The move to allow all political ads in the US could help X grow its revenue at a time when many advertisers have fled or reduced spending on the platform for fear of appearing next to inappropriate content.

Elon Musk says there will be no limits to funding the bills.

It argues that the ruling could embolden the government to block more content.

The company is also facing a series of other lawsuits stemming from the layoffs that began last year, including claims that it targeted women and workers with disabilities.

It accuses it of asserting false claims and encouraging advertisers to pause investment on the platform.

The trust and safety team, which is responsible for content moderation, has been the focus of some criticism of the platform after Musk acquired the company last October.

X says the removal was voluntary.

He says the latest count stands at over 540 million.