7 Basic Materials Stocks to Buy to Anchor Your Portfolio

The movement of basic materials stocks requires investors to keep a keen eye on the state of the economy to determine profitability. Raw materials such as plastic, steel, and lumber will always be in demand. Here are 7 stocks to take advantage of the growing demand!

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Pakistan Blocks Elon Musk's Social Media Platform X Amid National Security Concerns

Benzinga Neuro
April 17, 2024

Pakistan has formally acknowledged blocking the social media platform X, formerly known as Twitter, citing national security concerns.

What Happened: The Pakistani Interior Ministry revealed on Wednesday that it had blocked access to the social media platform X in February, citing national security concerns, Reuters reported.

This confirmation comes after users reported difficulties accessing the platform since mid-February, with no official announcements from the government.

See Also: Marjorie Taylor Greene Attempts To Defend Trump In Hush Money Trial, Ends Up Bungling It Up Entirely

The Interior Ministry, in a written court submission, stated that the ban was imposed due to X’s failure to comply with the lawful directives of the Pakistani government and address concerns about the misuse of its platform.

“It is very pertinent to mention here that the failure of Twitter/X to adhere to the lawful directives of the government of Pakistan and address concerns regarding the misuse of its platform necessitated the imposition of a ban,” said the report.

The Ministry also mentioned that the decision was made after considering confidential reports from Pakistan’s intelligence and security agencies, which indicated that “hostile elements” on X had intentions to create chaos and instability in the country.

X Corp. did not immediately respond to Benzinga's request for comment.

Why It Matters: This move by Pakistan adds to a series of controversies surrounding X, particularly in relation to national security and legal compliance. Earlier in March, X Corp purged over 5 lakh user accounts in India for policy violations, including those related to child safety and terrorism.

This was followed by an inquiry by the U.S. House of Representatives into Elon Musk‘s activities in Brazil, which were alleged to have violated Brazilian law.

Musk, the CEO of X Corp, later addressed the ongoing legal issues in Brazil on X, stating that his social media platform would respect the country’s laws while refusing orders from the Supreme Court to break them.

Read Next: Crypto Markets Tumble Following Iran’s Drone Attack Against Israel, Investor Warns Of Continued Selloff

Image Via Shutterstock


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