Finally, something that both sides of the aisle can agree on: social media companies are too powerful. According to a survey by the Pew Research Center, 78% of American adults say social media companies have too much influence on politics — to break it down by party, that’s 84% of surveyed Republicans and 74% of … Read more
Bob Bakish, president and chief executive officer of Viacom, attends the fourth day of the annual Allen & Company Sun Valley Conference, July 11, 2023 in Sun Valley, Idaho. David A. Grogan | CNBC Paramount Global CEO Bob Bakish is stepping down, the company announced Monday, as merger negotiations with Skydance Media continue. Bakish climbed … Read more
Bob Bakish, CEO of Paramount, speaks with CNBC’s David Faber on Sept. 6, 2023. CNBC In what could easily be a plotline from HBO’s hit show “Succession,” Paramount Global plans to replace Chief Executive Officer Bob Bakish with a cohort of existing division heads on Monday, according to people familiar with the matter, in a … Read more
Jonathan Raa | Nurphoto | Getty Images The share price of Trump Media soared by more than 12% in afternoon trading Monday, continuing a stunning rise that began in mid-April. The DJT ticker was up more than $5 per share just before 1 p.m. ET. Trump Media owns the Truth Social app frequently used by … Read more
A view of Google Headquarters in Mountain View, California, United States on March 23, 2024. Tayfun Coskun | Anadolu | Getty Images Advertising is so back. After a brutal 2022, when brands reeled in spending to cope with inflation, and a 2023 defined by layoffs and cost cuts, the top digital advertising companies have started … Read more
BAGHDAD — Iraqi authorities on Saturday were investigating the killing of a well-known social media influencer, who was shot by an armed motorcyclist in front of her home in central Baghdad. Ghufran Mahdi Sawadi, known as “Um Fahad,” was popular on the social media sites TikTok and Instagram, where she posted videos of herself dancing … Read more
Bob Bakish, then president and chief executive officer of Viacom Inc., speaks during the Mobile World Congress Americas event in Los Angeles, California, U.S., on Tuesday, Oct. 22, 2019. Patrick T. Fallon | Bloomberg | Getty Images Paramount Global’s board is preparing to fire Chief Executive Officer Bob Bakish as soon as Monday morning, according … Read more
Kanye West has deleted his social media accounts after he was bashed for announcing plans to open a “Yeezy Porn” studio. Following the decision to delete his social media accounts, some fans hinted that the rapper would return in a few months, claiming it was just one of his bizarre antics. West made the announcement … Read more
MADRID — Thousands of Spanish journalists came out Friday in support of Socialist Prime Minister Pedro Sánchez and his wife following Sánchez’s announcement that he was considering his future as premier after a court opened preliminary proceedings against his wife on corruption allegations. Sánchez, who is to announce his future Monday, blamed the judicial probe … Read more
Meta shares plunged more than 11% in extended trading on Wednesday after the company issued a light forecast, which overshadowed better-than-expected first-quarter results. Here are the key numbers: Earnings per share: $4.71 per share vs. $4.32 per share expected by LSEGRevenue: $36.46 billion vs. $36.16 billion expected by LSEG Revenue increased 27% from $28.65 billion … Read more