Social media
Meta resorted to ‘buy-or-bury scheme’ with Instagram and WhatsApp deals, former FTC Chair Lina Khan says
Former U.S. Federal Trade Commission Chair Lina Khan said Monday that Facebook “panicked” when making the acquisitions of Instagram and WhatsApp as smartphone use took off. “It saw companies like Instagram and WhatsApp experiencing astronomical growth, and that’s the point at which it resorted to this buy-or-bury scheme where, if it couldn’t outcompete a rival, […]
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Peter Thiel’s Founders Fund closes $4.6 billion growth fund
Peter Thiel, co-founder of PayPal, Palantir Technologies, and Founders Fund, holds hundred dollar bills as he speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Marco Bello | Getty Images Founders Fund, the venture capital firm run by billionaire Peter Thiel, has closed a $4.6 billion […]
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Meta vs. the FTC: The blockbuster antitrust trial kicks off
This photo illustration created on January 7, 2025, in Washington, DC, shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo. Drew Angerer | Afp | Getty Images Meta will face off against the U.S. Federal Trade Commission on Monday in a high-stakes antitrust trial that could result in […]
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Dot-com bust, 1987 crash had massive relief rallies similar to Wednesday’s pop
The Nasdaq Marketsite is seen during morning trading on April 7, 2025 in New York City. Michael M. Santiago | Getty Images Every bear market has days like this. The Nasdaq soared 12% on Wednesday, the second-best day on record for the tech-heavy index and its sharpest rally since January 2001, which was the middle […]
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Elon Musk ratchets up attacks on Navarro as Tesla shares slump for fourth day
As Tesla shares plummeted for a fourth straight day, CEO Elon Musk let loose on President Donald Trump’s top trade advisor Peter Navarro. Musk, the world’s richest person, started going after Navarro over the weekend, posting on X that a “PhD in econ from Harvard is a bad thing, not a good thing,” a reference […]
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Elon Musk’s brother slams Trump tariffs, calls them ‘permanent tax on the American consumer’
Kimbal Musk, co-founder of The Kitchen Community, speaks during the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 3, 2016. Patrick T. Fallon | Bloomberg | Getty Images Elon Musk’s younger brother, Kimbal, took to X on Monday to lambaste President Donald Trump’s tariffs, calling them a “structural, permanent tax […]
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TikTok reportedly stays on App Store after assurance from Attorney General Pam Bondi
In this photo illustration, the logo of TikTok is displayed on a smartphone screen on April 5, 2025 in Shanghai, China. Vcg | Visual China Group | Getty Images Apple will keep ByteDance-owned TikTok on its App Store for at least 75 more days after receiving assurances from Attorney General Pam Bondi, according to a […]
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Silicon Valley’s early return on Trump investment: Plunging valuations, delayed IPOs
The Nasdaq MarketSite in New York, June 9, 2023. Michael Nagle | Bloomberg | Getty Images Silicon Valley executives and financiers publicly opened their wallets in support of President Donald Trump’s 2024 presidential run. The early returns in 2025 aren’t great, to say the least. Following Trump’s sweeping tariff plan announced Wednesday, the Nasdaq suffered […]
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Trump extends TikTok deadline for the second time
Muhammed Selim Korkutata | Anadolu | Getty Images President Donald Trump on Friday extended a deadline requiring China-based ByteDance to sell the U.S. operations of TikTok or face an effective ban in the country, marking the second time he has taken such action. Trump announced the extension on his Truth Social platform, saying the TikTok […]
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QVC is betting on TikTok to help revive its live shopping business
FILE PHOTO: Signage is displayed at the entrance to the QVC Studio Park in West Chester, Pennsylvania, U.S., June 4, 2018. Brendan McDermid | Reuters QVC Group is launching the first-ever nonstop live shopping streams on TikTok in the U.S. in a bid to revive its business and broaden its audience. Beginning Wednesday, hosts from […]
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