Cotton’s questioning of TikTok CEO was ‘racist’: Asian American caucus

The leading Asian American caucus in Congress has accused Sen. Tom Cotton (R-Ark.) of “racist” questioning of TikTok’s CEO at a congressional hearing this week.  In a hearing Wednesday, leaders from across big tech were summoned to testify on the issue of online child safety. In addition to TikTok, executives from Meta, X, Snap and … Read more

$28 billion windfall after stock jumps

Facebook CEO Mark Zuckerberg is seen after fencing in the “Metaverse” with an Olympic gold medal fencer during a live-streamed virtual and augmented reality conference to announce the rebrand of Facebook as Meta, in this screen grab taken from a video released Oct. 28, 2021. Facebook | via Reuters Meta CEO and co-founder Mark Zuckerberg … Read more

Joe Rogan strikes $250M deal with Spotify, including distribution on YouTube

Joe Rogan, the popular podcaster and media personality, has struck a fresh distribution deal with audio provider Spotify for “The Joe Rogan Experience.” The deal, estimated to be worth up to $250 million, according to The Wall Street Journal, involves an upfront minimum guarantee in addition to a revenue-sharing agreement based on advertising sales. In … Read more

Meta says Zuckerberg’s engagement in ‘combat sports’ is a risk

Facebook CEO Mark Zuckerberg rides a hydrofoil surfboard holding the American flag on July 4, 2021. Mark Zuckerberg, Instagram Mark Zuckerberg’s preference for mixed martial arts and water sports is not only a personal hazard, but it’s also a risk to investors. In its annual financial report for 2023 filed Friday, Meta disclosed a new … Read more

Trump: AI 'maybe the most dangerous thing out there'

Former President Trump called artificial intelligence (AI) “maybe the most dangerous thing out there,” during an interview published Friday. Asked by Fox Business Network host Maria Bartiromo about his take on a potential digital central bank digital currency, Trump expressed concern. “Very dangerous. It’s very dangerous. One day you don’t have any money in your … Read more

Indie labels cry foul over Apple Music’s enhanced spatial audio royalties

As first reported by the Financial Times, independent labels Beggars Group, Secretly Group, and Partisan Records are pushing back against Apple’s preferential payouts for spatial audio. They say independent artists who can’t afford to record in spatial audio would make less because of how streaming music payouts work. Apple said artists on Apple Music can … Read more

US to require cryptocurrency mines to report energy use data

The U.S. government will require companies that mine for cryptocurrency to report information on their energy use. The Energy Information Administration (EIA) has said that starting next week, it will “survey identified commercial cryptocurrency miners, which are required to respond with details related to their energy use.” “We will specifically focus on how the energy … Read more