Linda Yaccarino

X & Rumble sue “advertising cartel” for violating antitrust laws to enforce censorship

Social media companies X and Rumble have filed lawsuits against an advertising trade group and its members, accusing them of engaging in anti-competitive practices to facilitate boycotts and force tech platforms to censor content. The lawsuits were filed in the U.S.

US Lawmakers Grill TikTok CEO Over China Ties

TikTok CEO Shou Chew found himself at the center of a heated exchange with US lawmakers as they probed the social media giant's connections to China, particularly its parent company ByteDance. Lawmakers questioned the extent of access granted to the Chinese government, raising concerns about potential influence on TikTok's operations and content policies, as reported by CNN.

Zuckerberg publicly apologises to families in tech grilling

Meta CEO Mark Zuckerberg gave a public apology in U.S. Congress on Wednesday as hostile lawmakers grilled tech chiefs over the dangers that children face on social media platforms.

The executives convened by the U.S. Senate Judiciary Committee were put to task in a session titled "Big Tech and the Online Child Sexual Exploitation Crisis."

Twitter losing cash because advertising down, says Musk

Elon Musk says Twitter is still losing cash because advertising has dropped by half.

In a reply to a tweet offering business advice, Musk tweeted on July 15, "We're still negative cash flow, due to (about a) 50% drop in advertising revenue plus heavy debt load."

"Need to reach positive cash flow before we have the luxury of anything else," he concluded.