tiktok Senate Approves Controversial TikTok Ban Bill Amid First Amendment Concerns The U.S. Senate passes a bill forcing ByteDance to sell TikTok or face a nationwide ban, paving the way for a major legal battle. President Biden confirms he will sign the legislation into law immediately.
deepfakes X's Grok 2 Chatbot Fuels Deepfake Crisis Ahead of US Elections X's newly released Grok 2 AI chatbot creates significant deepfake and misinformation risks just months before the US elections. While the platform addresses some election-related queries, it still allows users to easily generate fabricated images of politicians.
reddit Reddit Files for Long-Awaited IPO With Plans to Reward Top Users Reddit officially files for its initial public offering, revealing 2023 revenue of $804 million alongside a shrinking net loss. The social platform plans a unique approach by letting influential users and moderators buy shares at the offering price.
openai OpenAI Partners With Reddit to Train AI Models on User Conversations OpenAI secures a licensing agreement to train its AI models on Reddit's vast repository of user posts and comments. The partnership also makes OpenAI an advertising partner on the social platform and sparks questions due to CEO Sam Altman's significant financial stake in Reddit.
openai OpenAI and Reddit Form New Content and Advertising Partnership OpenAI secures a deal with Reddit to integrate the platform's content into ChatGPT and explore new advertising opportunities.
tiktok Biden Prepares to Sign Landmark TikTok Divestment or Ban Legislation Congress sends a bill to President Biden that forces TikTok's Chinese parent company to sell the app or face a US ban. The president signs the measure into law, marking a historic move against foreign-owned social media.
tiktok Biden Signs Legislation Forcing TikTok Sale or U.S. Ban President Biden signs a bill requiring ByteDance to sell TikTok within nine months or face a U.S. ban. TikTok vows to challenge the law in court as unconstitutional.
tiktok House Fast-Tracks TikTok Ban Bill Through Foreign Aid Package The House passes a bill forcing TikTok's Chinese owner to sell the app or face a U.S. ban by attaching it to a major foreign aid package. The legislation now moves to the Senate for a potential vote.
tiktok House Approves TikTok Ban Bill Tied to Foreign Aid Package The US House passes legislation forcing TikTok to sever ties with its Chinese parent company or face a US ban. The bill now moves to the Senate as part of a broader foreign aid package.
reddit Reddit Stock Surges 38% in Long-Awaited New York Stock Exchange Debut Reddit begins trading on the NYSE at $47 a share, marking a significant 38% jump from its initial public offering price. The highly anticipated debut values the nearly 19-year-old social media company at approximately $10 billion despite its history of unprofitability.
reddit Reddit Stock Surges 48% in Long-Awaited NYSE Debut Reddit officially goes public on the New York Stock Exchange under the ticker RDDT, seeing its stock jump nearly 50 percent on the first day of trading. The successful launch marks the first major social media IPO since Pinterest in 2019.
reddit Reddit Stock Surges 48% on Debut as AI Data Strategy Attracts Investors Reddit closes its first day of trading up nearly 48 percent, driven by strong investor interest in its lucrative AI data licensing business.
reddit Reddit Debuts on NYSE With Strong 70% Pop in First Day of Trading Reddit finally goes public after nearly two decades, seeing its stock surge as much as 70% above its initial offering price. Despite the strong market debut, the social media company faces ongoing profitability concerns and a cautious IPO landscape.
reddit Reddit Prices IPO at Top of Range Ahead of NYSE Debut Reddit prices its initial public offering at $34 per share, raising $519 million and valuing the social media company at $6.5 billion. The stock market debut marks the first major social media IPO since Pinterest in 2019.
tiktok House Passes Landmark Bill Forcing TikTok Sale or US Ban The House of Representatives passes a bill forcing TikTok's Chinese owner to sell the app within six months or face a nationwide ban. The legislation now moves to the Senate, where its future remains uncertain.