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Australia plans to ban social media for under 16s — and experts have called it a ‘momentous step’
Australia’s government has proposed a social media ban for children under the age of 16 which experts have described as a “momentous step,” as parents globally call for greater regulation of tech companies. Australian Prime Minister Anthony Albanese last week said the legislation will be introduced into parliament this year, with the law coming into […]
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Meta slashes EU Facebook and Instagram subscription fees by 40% to meet regional regulatory demands
This picture taken on April 27, 2023 in Toulouse, southwestern France, shows a screen displaying the Meta logo and the European flag. Lionel Bonaventure | Afp | Getty Images Meta cut the price of its ad-free subscription versions of Facebook and Instagram by 40% for European Union users to comply with regulatory demands in the […]
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Tesla hits $1 trillion market cap as stock rallies after Trump win
Elon Musk on stage before Republican presidential nominee former President Donald Trump speaks at a rally at Madison Square Garden in New York, NY on Sunday, October 27, 2024. The Washington Post | The Washington Post | Getty Images Shares of Tesla climbed more than 5% in mid-morning trading Friday, pushing the electric vehicle maker’s […]
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‘It’s gross, it’s unprofessional’: Some LinkedIn users are being put off the platform by unsolicited flirtatious DMs
Chinese spies used Linkedin to get information on German officials, according to Germany’s intelligence agency bfV. studioEAST | Getty Images Some LinkedIn users have reported receiving unsolicited flirtatious messages via the platform, with expert Bernie Hogan at the Oxford Internet Institute saying the employment-focused social website is increasingly being used for dating purposes. Blair Huddy, […]
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CNBC Daily Open: Powell emphasizes that elections won’t sway Fed’s policy
Federal Reserve Chair Jerome Powell speaks during a press conference following the November 6-7, 2024, Federal Open Market Committee meeting at William McChesney Martin Jr. Federal Reserve Board Building, in Washington, DC, November 7, 2024. Andrew Caballero-Reynolds | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC […]
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CNBC Daily Open: Powell maintains that elections won’t sway Fed’s policy
Federal Reserve Board Federal Reserve Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on November 07, 2024 in Washington, DC. Kent Nishimura | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on […]
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Pinterest stock plunges following weak Q4 revenue guidance
Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024. Brendan McDermid | Reuters Pinterest shares plunged as much as 15% on Thursday after the social media company provided soft guidance for its fourth-quarter revenue despite beating on the top and bottom lines with its third-quarter […]
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Trump takes a rare break from social media after election win
Republican presidential nominee, former U.S. President Donald Trump arrives to speak with former first lady Melania Trump during an election night event at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Florida. Chip Somodevilla | Getty Images Donald Trump has never been shy about touting his accomplishments. Yet after achieving what is […]
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Australia proposes ban on social media for children under 16
Shoppers use their phones as they walk past the entrance to a Myer department store, owned by Australia’s biggest department store chain Myer Holdings Ltd, in Sydney, Australia, November 1, 2017. Steven Saphore | Reuters Australia Prime Minister Anthony Albanese said on Thursday the government would legislate for a ban on social media for children under 16, a policy the government says is world-leading. […]
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Qualcomm pops 10% on chipmaker’s earnings and revenue beat
Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024. Ann Wang | Reuters Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and the company guided to a strong December quarter. The shares rose 10% in extended trading. Here’s how the company did […]
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