Ads containing abortion-related misinformation are allowed to run on Facebook and Instagram in countries across Asia, Africa, and Latin America, while legitimate health care providers struggle to get theirs approved, new research has found. The report, released today from the Center for Countering Digital Hate and MSI Reproductive Choices, an international reproductive health care provider, … Read more
Truth Social, former president Donald’s Trump’s clone of Twitter, has a fraction of the users of competitors like Reddit and X. The company has never turned a profit, and just happens to be the place where Trump is currently posting. But on the Nasdaq, the stock exchange where Truth Social became a publicly traded company … Read more
In this photo illustration a smartphone screen displays the logo of Donald Trump’s Truth Social app March 25 2024 in Bath, England. Anna Barclay | Getty Images The share price of Donald Trump’s social media company jumped by more than 50% minutes after it began public trading under the ticker DJT on Tuesday morning. Trading … Read more
Earlier this month, Meta announced that it would be shutting down CrowdTangle, the social media monitoring and transparency tool that has allowed journalists and researchers to track the spread of mis- and disinformation. It will cease to function on August 14, 2024—just months before the US presidential election. Meta’s move is just the latest example … Read more
Former president Donald Trump’s Truth Social, a shameless Twitter clone, is set to become a publicly traded company as soon as next week. Shareholders of Digital World Acquisition Corp. voted on Friday to merge with Trump Media and Technology Group, the company behind Truth Social. The vote is a culmination of a years-long saga attempting … Read more
This photo illustration shows an image of former President Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images Shareholders in Digital World Acquisition Corp. voted Friday to approve a merger with Donald Trump’s social media company, … Read more
Mark Zuckerberg made his first post in the “fediverse” on Thursday. If you have no idea what the hell that means, join the club. The fediverse is a relatively new concept for social networking, and Threads became the largest member of it this week. Millions of Threads users will soon be able to opt in … Read more
A big concern ahead of the public listing was that Reddit, the platform that gave birth to the memestocks of 2021, could also suffer the wild price swings caused by large numbers of investors coordinating their strategy over social media, including Reddit itself, on forums such as r/wallstreetbets. Reddit’s IPO is a test of investor … Read more
OpenAI CEO Sam Altman says he has no equity in the $80 billion artificial intelligence startup he co-founded in 2015. His Reddit ownership is another matter altogether. Following Reddit’s stock market debut on Thursday, Altman’s stake in the social media site ballooned by $200 million to over $613 million. Shares of the 19-year-old company jumped … Read more
Reddit shares jumped as much as 70% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. The 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at $34 a share, the top of the expected range. … Read more