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The Latest Breaking News from Social Networking

Meta's Victory Over the Federal Trade Commission Shows the Market Moves Faster Than Antitrust Enforcement

The decision ends the witch hunt begun under the first Trump administration.

Reason

Meta Avoids Divestiture In Landmark Antitrust Case, Raising Questions For Regulators

Regulators argued the acquisitions were part of a strategy to suppress competition and maintain dominance in personal social networking.

International Business Times

Meta wins major US antitrust case and won’t have to break off WhatsApp or Instagram

Challenge to Meta could have forced it to spin off Instagram and WhatsApp, but judge ruled company did not hold social networking monopoly

The Guardian - US

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Meta Wins FTC Antitrust Case, Not A Social Media Monopoly

A federal judge has handed a major legal triumph to Meta Platforms, Inc. (NASDAQ:META), the parent company of Facebook, officially rejecting government accusations that the tech giant maintains an illegal monopoly on personal social networking.

Benzinga

Meta prevails in historic FTC antitrust case, won't have to break off WhatsApp, Instagram

Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp after a judge ruled that the company does not hold a monopoly in social networking

The Independent UK

Reddit's Closing In On Meta: EBITDA Margins Hit 33% In Early Monetization Push: Revenue Per User 'Is Still Low,' 'Remains An Opportunity'

Social media platform Reddit Inc. (NYSE: RDDT) had a strong second-quarter performance, with its profitability metrics now within striking distance of mature social networking companies such as Meta Platforms Inc. (NASDAQ:META).

Benzinga

Why the cofounder of Nextdoor came back after five years of investing in startups

Sarah Leary is returning to her old stomping grounds to help usher in a new era of the neighborhood social networking platform.

Fortune

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Author Of Explosive Meta Memoir To Star At US Senate Hearing

The former Facebook employee behind a scathing book about parent company Meta will testify Wednesday before US senators keen to establish whether the social networking giant ever collaborated with the Chinese government.

International Business Times

Elon Musk Says XAI Startup Buying X Platform

Elon Musk on Friday said his artificial intelligence startup xAI is buying his social networking platform X in a deal valuing the company once known as Twitter at $33 billion.

International Business Times

Wall Street Sells £4.41B of X Loans as Investors Bet on Strong Financials, Advertisers Returning to Musk's Firm

X's improving 2024 EBITDA, major advertisers like Apple mulling a comeback to the platform, and Amazon ramping ad spending led investors to buy £4.41B of 2022 debt used by Musk to take over the social networking platform.

International Business Times UK

Reddit's new AI search tool will emancipate the social networking platform from an overdependency on Google for traffic: "People know that Reddit has answers."

Reddit recently launched Reddit Answers. The AI-powered tool is designed to make it easier for users to find information on the social networking platform.

Windows Central

11 Best SMM Panels for Instagram, TikTok, Twitter & More

Living in a post-pandemic world where everything has shifted online, points to how important a brand and an individual's presence online is. Whether it be on social networking sites such as Twitter, Facebook, Instagram, and so on, in order for a ...

USA Today Sports Media Group

What is the Online Safety Act and why have riots reopened debates about it?

Recent rioting and unrest in the UK has led to calls for the Online Safety Act to be revisited. Mayor Sadiq Khan has called it “not fit for purpose” and Cabinet Office minister Nick Thomas Symonds suggested that the government could change the law, which was passed under the previous…

The Conversation

Tiruchi Corporation warns public against false message regarding scholarships

The Tiruchi Corporation has issued a warning against those spreading false messages via social networking apps stating that the application form to avail a scholarship of ₹10,000 and ₹25,000 for students who secured above 75% marks in SSLC and 85% in Class 12 respectively, is being issued in its office

The Hindu

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Top News

Jack Dorsey Leaves Bluesky Project, Reasons Remain Undisclosed.

Explore Jack Dorsey's departure from Bluesky and the platform's commitment to decentralized social networking, empowering users in a thriving community.

France 24

2024, year of the deepfake? Artificial intelligence and the changing face of politics

Does the buck stop in Brussels? The EU has opened its first-ever proceedings over social media content. In its crosshairs is Elon Musk’s X – formerly Twitter – over illegal posts and disinformation. It follows an initial warning over a deluge of hate spewed on the social networking site in…

The Hindu

Disinformation presents major threat to democracy, media credibility: N. Ram

Disinformation that has been “scaled up and weaponised” on social networking platforms presents a major challenge and threat to democracy and media credibility, N. Ram, Director, The Hindu Group Publishing Private Limited, said on Sunday. Speaking at the opening session of the fifth World Media Summit (WMS) held in Guangzhou,…

The Hindu

Kollam to become first digitally literate district in Kerala

Kollam to become first digitally literate district in Kerala. Jointly implemented by Sree Narayanaguru Open University and district panchayat. Training programme to enable effective use of digital jobs and services, secure online financial transactions, and maintain dignity and tolerance in social networking. Any person with smartphone can join, classroom training…

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The Hindu

Kollam Collector’s Onam dance goes viral

The bureaucrat in traditional Kerala attire grooving to the tune of Onapattin thalam thullum went viral over social networking sites accumulating a multitude of views and shares in no time.

The Hindu

Chennai gets a social networking platform for food

Chennai has now got a home-grown social networking platform for food enthusiasts. Called Foodwall, the platform will help consumers to engage over anything and everything pertaining to food. “One big problem typically all of us face is where do we go out to eat, to experiment is always an apprehension…

The Independent UK

Posts show Texas mall gunman researched attack for weeks

Posts by Mauricio Garcia on a Russian social networking site suggest that the 33-year-old planned for weeks before he opened fire at a suburban Dallas shopping mall last weekend, killing eight people and wounding seven others

The New Daily

Grindr warns Egypt users about police entrapment

Gay social networking app Grindr is warning Egyptian members to be on the look out for fake accounts set up by police

The Independent UK

LGBTQ dating app Grindr issues warning to users in Egypt

AAP

Life360 expects to be cashflow positive by Q2

Family social networking platform Life360 has access to its money at Silicon Valley Bank and expects to start growing its funds next quarter.

Dynamite News

New Zealand bans TikTok on phones of MPs amid rising security concerns

Amid security concerns, the video-sharing social networking service, Tik Tok has been banned on the phones of New Zealand MPs. Read further on Dynamite News:

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