Reddit shares plunge 25% in two days, end week below first day close

The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024. Spencer Platt | Getty Images Reddit shares are plummeting after experiencing a rally stemming from the social media company’s IPO last week. Shares closed at $49.32, ending the … Read more

TikTok makes ad buy as Senate reviews bill that could ban app

C Michael M. Santiago | Getty Images TikTok has launched a $2.1 million advertising campaign with a clear message for senators in tough reelection fights this year: Block the House bill that could effectively ban the app in the United States. “Think about the 5 million small business owners that rely on TikTok to provide … Read more

Peggy and Molly: Constant complaints led to QLD authorities’ seizure of magpie in viral friendship with dog

A “small group of people constantly complaining” led to wildlife officials’ seizure of a magpie whose unlikely friendship with a dog gained a massive social media following. Magpie Molly and staffordshire bull terrier Peggy had more than 700,000 followers on Instagram and a book written about them after their antics, posted by Gold Coast couple … Read more

Reddit stock jumps 15% as post-IPO rally continues

Reddit’s post-IPO rally continues, despite the company receiving a hold rating from a prominent analyst. Reddit shares were up by 15% during midday trading on Tuesday to around $68.88, underscoring investor interest in the company, which was the first major social media business to go public since Pinterest’s 2019 IPO. The company’s shares were up … Read more

Trump Media stock ticker DJT debuts after DWAC merger

In this photo illustration a smartphone screen displays the logo of Donald Trump’s Truth Social app March 25 2024 in Bath, England.  Anna Barclay | Getty Images This old stock ticker DJT is new again for Donald Trump’s social media company. Trump Media & Technology Group is set to begin trading Tuesday on the NASDAQ … Read more

DeSantis signs bill banning social media accounts for kids under 14

Florida Gov. Ron DeSantis (R) signed a bill Monday that bans children younger than 14 years from holding social media accounts in the Sunshine State. The legislation also requires 14- and 15-year-olds to obtain parental approval to hold accounts on social media platforms that employ algorithms and have “certain addictive features.” “The internet has become … Read more

DeSantis Signs One Of The Country’s Strictest Bans On Kids’ Social Media Use

Florida Gov. Ron DeSantis (R) on Monday signed one of the country’s strictest laws cracking down on minors’ access to social media, setting up a likely First Amendment challenge from the companies that host those platforms. The new law will take effect Jan. 1 of next year and bans social media accounts for all children … Read more

Reddit shares close 30% up following social media company’s IPO

Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange (NYSE) in New York on March 21, 2024.  Timothy A. Clary | AFP | Getty Images Reddit shares were up 30% to $59.80 at the market’s close on Monday. The social media company’s stock has been rising ever … Read more

Meta Kills a Crucial Transparency Tool At the Worst Possible Time

Earlier this month, Meta announced that it would be shutting down CrowdTangle, the social media monitoring and transparency tool that has allowed journalists and researchers to track the spread of mis- and disinformation. It will cease to function on August 14, 2024—just months before the US presidential election. Meta’s move is just the latest example … Read more

Lawsuit filed by Elon Musk’s X against CCDH thrown out by judge

Tesla CEO Elon Musk Omar Marques | Getty Images A federal judge in California dismissed a lawsuit filed by Elon Musk’s X against the nonprofit Center for Countering Digital Hate, writing in a judgement Monday that the “case is about punishing the Defendants for their speech.” X sued the research group in July, accusing it … Read more