TikTok reportedly brought in $16bn in US last year, while parent ByteDance made $120bn worldwide, nearly dethroning Facebook parent Meta
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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
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
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
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
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
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
Meta Forms Team To Protect EU Elections From AI Risks
Facebook parent Meta forms dedicated team to protect upcoming EU Parliament elections in June from generative AI fraud
Reddit Users React With Dismay To IPO Plans
Reddit users, moderators express scepticism about IPO plans for company as it licenses content to Google for AI training
Google Says Gmail ‘Here To Stay’ After Hoax Goes Viral
Google says Gmail 'here to stay' after fake email message viewed millions of times on social media
X Briefly Suspends Account Of Alexei Navalny’s Widow
Yulia Navalnaya had her account on Elon Musk's X briefly suspended, as she pleads with Kremlin to release husband's body
EU Opens Probe Into TikTok Over Potential DSA Breaches
European Commission opens formal probe into TikTok over protection of minors, ad repository, access to research data
X ‘Takes Payments’ From Sanctioned Groups
Under Elon Musk X, formerly Twitter, has granted paid blue checkmarks to groups under US and UK sanctions, says watchdog
Twitter Ghana Staff Finally Paid, More Than A Year After Layoffs
X, formerly Twitter, reaches settlement with Ghana-based staff more than a year after they were sacked in November 2022
New York City Sues Social Media Firms Over Youth Mental Health
Cash grab or genuine? Social media firms face lawsuit from New York over a mental health crisis among young people
Biden Administration Joins TikTok, Despite Security Concerns
Biden’s presidential election campaign targets gen Z and officially joins TikTok, despite national security concerns
Russian Court Orders Arrest Of Meta Spokesman
Empty threat? Court in Moscow orders arrest in absentia of Meta spokesman Andy Stone, over terrorism-related charges
Elon Musk Ordered To Testify In SEC Twitter Takeover Probe
SEC doubles down and orders Elon Musk to testify again, for investigation of his $44 billion Twitter purchase
Meta Removes Facebook, Instagram Accounts Of Iran’s Supreme Leader
Iran’s Supreme Leader, Ayatollah Ali Khamenei, has his Facebook and Instagram accounts permanently removed by Meta