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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A New York state judge on Monday denied a motion to dismiss a lawsuit against several social media companies alleging the platforms contributed to the radicalization of a gunman who killed 10 people at a grocery store in Buffalo, New York in 2022, court documents show.
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TikTok users have flooded the comment section of Democratic Rep. Jeff Jackso’s TikTok, criticizing his recent vote and vowing to unfollow him.
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It is no coincidence that when you get home from the game, the first commercial delivered to you is to buy a jersey for the team you just watched play. Your phone (or your smartwatch) was an excellent proxy for your location by nature of its electronic relationships with all the fixed-location gear it wirelessly shook hands with during the day.
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The US Supreme Court recently heard arguments regarding recent laws in Texas and Florida that limit social media’s ability to moderate content. The Texas law prohibits social media platforms with >50 million active US users from censoring “a user, a user’s expression, or a user’s ability to receive the...
Read MoreShares of Snapchat parent Snap plunged on Tuesday after the company reported a loss in the final three months of 2023.
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