Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Timothy A. Clary | AFP | Getty Images Reddit reported second-quarter results on Tuesday that topped analysts’ estimates. Here’s how the company did compared to LSEG estimates: Loss per share: 6 cents vs. a … Read more
X today filed a lawsuit against a group of major advertisers for allegedly conspiring to withhold advertising dollars from the social media platform, which, since Elon Musk’s takeover, has been seen as more amenable to hosting controversial content. The suit, filed in federal court in Texas, says dozens of advertisers followed the recommendation of a … Read more
Elon Musk attends ‘Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk’ session during the Cannes Lions International Festival Of Creativity 2024 – Day Three on June 19, 2024 in Cannes, France. Marc Piasecki | Getty Images LONDON — The U.K. government hit back at Elon Musk after the billionaire made … Read more
The social media company X is closing its San Francisco office “over the next few weeks,” according to an internal email sent out by CEO Linda Yaccarino earlier today. “This is an important decision that impacts many of you, but it is the right one for our company in the long term,” Yaccarino wrote in … Read more
Muhammed Selim Korkutata | Anadolu | Getty Images Five secretaries of state on Monday urged Elon Musk to fix his social media platform X’s artificial intelligence search assistant after it allegedly shared false information about the 2024 presidential election. The secretaries in a letter to Musk said that X’s AI chatbot Grok misled users about … Read more
NEW YORK — NEW YORK (AP) — Cardi B has filed for divorce from her husband, rapper Offset. A representative for Cardi B confirmed the news to The Associated Press, writing, “This is not based on any one particular incident, it has been a long time coming and is amicable.” On Instagram, Cardi B did … Read more
Year 10 student Roya Sharifi said she’s already faced a lot of sexism in her young life, some of which she attributes to social media and the likes of Andrew Tate. When she joined a female-dominated robotics club at her school, members of other clubs remarked they would not achieve anything amazing because “they’re girls”. … Read more
LONDON: Standing in front of a lectern Thursday, his voice at times taut with anger, Britain’s prime minister announced a crackdown on what he called the “gangs of thugs” who instigated violent unrest in several towns this week. But the question of how to confront one of the key accelerants — a flood of online … Read more
Signage outside the Nasdaq MarketSite in New York on March 23, 2023. Stephanie Keith | Bloomberg | Getty Images With second-quarter earnings from tech’s mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous. The Nasdaq slumped 3.4% this week, bringing its three-week slide to 8.8%. It’s the worst performance … Read more
In March 2019, TikTok agreed to a US federal court order barring the social media giant from collecting personal information from its youngest users without their parents’ consent. According to a new lawsuit filed by US authorities, TikTok immediately breached that order and now faces penalties of $51,744 per violation per day. TikTok “knowingly allowed … Read more
