The House passed legislation Saturday that would ban TikTok in the United States if the popular social media platform’s China-based owner doesn’t sell its stake within a year, but don’t expect the app to go away anytime soon.
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Hiring has largely been concentrated to a few industries, while tech and finance have only added a small number of jobs in the last 12 months.
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The FTC is probing TikTok over an alleged violation of the Children’s Online Privacy Protection rule, which requires companies to notify parents and obtain consent before collecting data from children under 13.
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Many are testing alternatives and prioritizing work with influencers who have sizable followings on multiple social media platforms.
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The non-profit Center for Countering Digital Hate has documented the increase in hate speech on X since the social media platform was bought by Elon Musk.
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Former president Donald Trump is set to own most of the combined company — or nearly 79 million shares. Multiply that by Digital World’s closing stock price Friday of $36.94, and the total value of his stake could be nearly $3 billion.
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As politicians are wrangling in Washington over a plan that could shut access for the 170 million Americans using TikTok, the example set by India gives a foretaste of what may come.
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Reddit, which priced its IPO at $34 a share, debuted Thursday afternoon at $47 a share. At the close of trading, it was up 48% at $50.44, backing off a peak of $57.80.
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The country’s eSafety regulator announced Tuesday that it had issued legal notices to Google, Meta, X, WhatsApp, Telegram and Reddit requiring each company to report on steps they are taking to protect Australian users of their platforms from extremist material online.
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