TikTok reportedly brought in $16bn in US last year, while parent ByteDance made $120bn worldwide, nearly dethroning Facebook parent Meta
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Bankman-Fried Deserves Up To 50 Years In Jail, Prosecutors Say
Ahead of sentencing prosecutors argue ex-FTX boss Sam Bankman Fried deserves up to 50 years in jail, while his lawyers push for 6 1/2
Senators Take Up TikTok Bill After Italy Fine Over Harmful Content
Senators consider bill restricting TikTok after rapid House approval, as Italy competition regulator fines company over harmful content
Former Treasury Secretary Steve Mnuchin Gathers Investors To Buy TikTok – Report
But will China sell? Former US Treasury Secretary claims he is putting together investor group to buy China's TikTok
UK Judge Rules Craig Wright Is Not Bitcoin’s ‘Satoshi Nakamoto’
Australian computer scientist Dr Craig Wright is not the Bitcoin inventor Satoshi Nakamoto, UK High Court judge rules
Meta Adds Messaging Interoperability For Whatsapp, Messenger
Meta turns on interoperability for Messenger and WhatsApp, to comply with EU digital markets act (DMA), but only if Signal protocol is used
US House Gives ByteDance Six Months To Divest TikTok Or Face Ban
House of Representatives vote could force ByteDance to divest TikTok within six months, or face nationwide US ban
Telegram Reaches 900m Users, Nears Profitability
Encrypted messaging app Telegram reaches 900 million users, nears profitability as secretive company considers IPO
Reddit Seeks Valuation Up To $6.4bn In NYSE Listing
Social media platform Reddit seeks valuation of up to $6.4 billion in NYSE listing, as users express concern about investor scrutiny
Instagram Tops TikTok As World’s Most Downloaded App
Meta's Instagram beats TikTok to become most downloaded app in the world for 2023 after introducing copycat short-video feature
US Lawmakers Inundated With Calls From TikTok Users
US lawmakers inundated with telephone calls from TikTok users as bill that could ban app gains momentum in Congress
US Bill To Ban Or Divest TikTok, Advances In House
TikTok faces fast-tracked vote in US House Of Representatives next week, after committee unanimously voted for ban or divestment
Salesforce Launches AI Tools For Doctors, Healthcare Sector
New AI solutions from Salesforce called 'Einstein Copilot: Health Actions' launched for the healthcare sector
Spain Temporarily Bans Worldcoin Eyeball Scans Over Privacy
Privacy watchdog in Spain orders Worldcoin to halt eyeball scans to make digital IDs in exchange for crypto
LinkedIn Admits Premium Subscriptions Bring In $1.7bn
LinkedIn makes rare disclosure, and admits premium subscription business delivered $1.7 billion in revenue in 2023
Elon Musk Will Not Fund Candidates After Meeting Donald Trump
SpaceX CEO Elon Musk says he will not fund Joe Biden or Donald Trump in US Presidential election, after Trump meeting
US Congress Bid To Ban TikTok Or Divest Gathers Pace
Upcoming vote by House Committee on Energy and Commerce to ban TikTok in US, or insist on ByteDance divesting the app
Facebook, Instagram Login Restored After Widespread Outage
Widespread outage at Meta impacted Facebook, Instagram, Messenger and disrupted users from access those platforms
Ex-Twitter Execs Sue Elon Musk Over Unpaid Severance
Former Twitter executives sue Elon Musk and X over $128m in unpaid severance, arguing Musk motivated by revenge
Winklevoss’ Gemini To Return More Than $1bn To Customers
Winklevoss twins' Gemini to return more than $1bn to customers of failed Earn programme in settlement with New York financial authorities
Reddit Looks For $6.5bn Valuation In NYSE IPO
Social media platform Reddit looks for $6.5bn IPO valuation, significantly down from $10bn value in 2021 private funding funding round
Nigeria Detains Two Binance Executives Amidst Crypto Probe
Nigerian government detains two Binance executives as it probes foreign exchange manipulation on world's biggest crypto platform
Judge Signals Elon Musk May Lose Lawsuit Against Non-profit
Elon Musk's high profile lawsuit against a hate speech non-profit may be in trouble, after judge sounds sceptical note over its allegations
Google Hit With $2.3bn Lawsuit Over Digital Ad Losses
European publishers sue Google for billions, over alleged financial losses due to Google's digital advertising practices
Bitcoin Pushes Past $60,000, In First Time Since November 2021
Going up. Bitcoin surges past $60,000 on Wednesday, reportedly driven by huge inflows into the US-based spot ETFs
President Biden To Plug US Data Transfers To China, Russia Etc
US President issues executive order to protect Americans’ sensitive personal data from being transferred to hostile nation states
Lawyer For Bankman-Fried Urges Judge Not To Impose 100-Year Sentence
Sam Bankman-Fried’s lawyer asks US judge to reject 100-year recommended prison sentence for disgraced FTX co-founder
Expedia To Cut 8 Percent Of Workforce
After replacing its CEO earlier this month, Expedia confirms it will axe 1,500 jobs, or 8 percent of its workforce
Google Pay To Close In US, To ‘Simplify’ Payment Apps
Mobile payments service from Google to be changed again, with shuttering of standalone Google Pay app in the US
Terra’s Do Kwon To Miss Start Of SEC Trial In US
US lawyer for disgraced cryptocurrency tycoon Do Kwon admits his client will likely miss start of SEC fraud trial