The Daily Money: X-rated content comes to X

Good morning! It's Daniel de Visé with your Daily Money.

Suddenly, Elon Musk's rebranding of Twitter seems prescient.

The platform known as X now officially allows users to post, view and share adult nudity and sexual content, Anthony Robledo reports.

Under the updated policy, Elon Musk's social media platform will allow consensually produced and distributed adult pornographic content, so long as its "properly labeled and not prominently displayed," whatever that means on a platform of cascading blurbs.

Here's how X-rated content will work on X.

Prompts for big tips spark backlash

Signs of backlash against "tipflation" are emerging, Medora Lee reports, but not enough to make them go away.

A survey by the personal finance site Bankrate finds that the frequency of tipping has generally declined in every category, including restaurant servers and rideshare and taxi drivers.

And guess which generation is leading the rebellion.

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📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

Remember Trump Media's debut on Wall Street?

Buoyed by legions of avid supporters, Donald Trump made a bubbly entrance on the Nasdaq stock exchange back in late March, Bailey Schulz and Jessica Guynn report.

Shares of Trump Media & Technology Group soared like helium from the opening bell and maintained most of those gains until late in the trading day. A selloff brought Trump's namesake social media company closer to earth, with a closing market value of nearly $8 billion, on par with ride-hailing company Lyft and online marketplace Etsy.

In the weeks and months since, the stock has had a wild ride.

Read the story.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.