WASHINGTON — Congress has just sent a bill to President Joe Biden’s desk that would ban the popular video-sharing app TikTok unless it divests from its Chinese parent company. The legislation is a shocking crackdown on a social media business, but it comes as lawmakers dawdle on whether to rein in the broader industry or … Read more
Omer Taha Cetin | Anadolu | Getty Images TikTok and its China-based parent company ByteDance combined to spend over $7 million so far this year to try and stop Congress from passing legislation that could ban the social media app in the United States. ByteDance alone spent a record $2.68 million on in-house TikTok lobbyists … Read more
The B.C. government is putting its proposed online harms legislation on hold after reaching an agreement with some of the largest social media platforms to make people safer online. Premier David Eby says in a joint statement with representatives of the firms Meta, TikTok, X and Snap that they will form an online safety action … Read more
Jonathan Raa | Nurphoto | Getty Images Trump Media shares fell 9% Tuesday ahead of an expected earnout bonus for former President Donald Trump. DJT was trading at $32 per share Tuesday afternoon, about 50% below its opening price last month of more than $70. Trump will receive an additional 36 million shares, worth about … Read more
Hollywood actor Alec Baldwin found himself embroiled in a contentious encounter inside a local coffee shop when he reacted to an anti-Israel protester by knocking her phone away. The incident, captured on video and shared widely online, portrays Baldwin at the counter and engaged in a phone conversation when approached by the protester.The individual, identified … Read more
Congress is inching closer toward a TikTok ban in the U.S. – offering another reason to stay invested in Club holding Meta Platforms after a year-and-half of strong stock gains. Meta’s Facebook and Instagram stand to gain if TikTok is cut off in the U.S. and users of the popular short-form video app are forced … Read more
Sydney: Elon Musk said Tuesday his social media platform X will appeal against an Australian injunction forcing it to take down videos of a church stabbing in Sydney.Australia’s internet watchdog secured an injunction late Monday, forcing X to hide videos that allegedly show a Sydney bishop being slashed in the head during a live-streamed sermon.X … Read more
A smartphone with the Tik Tok logo is seen in front of a displayed Oracle logo in this illustration taken, Septemeber 14, 2020. Dado Ruvic | Reuters Oracle’s top lobbyist in Washington met privately with Senate aides about the company’s data housing agreement with TikTok this spring, after a bill that could effectively ban the … Read more
Anna Barclay | Getty Images Former President Donald Trump is poised to receive an additional 36 million shares of Trump Media on Tuesday — an “earnout” bonus worth more than $1.25 billion, at Monday’s price. Shares of Trump Media, which owns the Truth Social app, were trading at around $35 per share midday Monday, about … Read more
An Australian court has ordered billionaire Elon Musk’s social media platform to block every user from seeing violent footage related to a Sydney church stabbing, not just block it for Australian audiences. Amid political unity against X Corp’s defiant stance to keep potentially harmful content online, the nation’s internet cop launched the matter in the … Read more
