President Donald Trump’s media company could soon own $2.5 billion in Bitcoin. On Tuesday, Trump Media announced that it’s working with “approximately 50 institutional investors” to sell and issue $1.5 billion in stock and $1 billion in convertible notes. The company, which operates Truth Social among other services, will be used to establish a large […]
The European Union has warned Shein that several of its practices violate EU consumer protection law, including by offering “fake discounts” and pressuring customers into completing purchases with phony deadlines. This week, the EU’s Consumer Protection Cooperation (CPC) Network said the fast-fashion retailer needs to bring its practices in line with the law, or else […]
Meta has a well-earned reputation as the fastest follower in tech. Did your startup launch a cool feature that people like? Before you can say “Series B,” Meta will have built something eerily similar, embedded it into its vastly more popular platforms, and eaten your lunch. This probably isn’t how CEO Mark Zuckerberg would like […]
Last month, Donald Trump pushed the boundaries of government and financial ethics by announcing a contest: whoever bought and held the highest amount of the $TRUMP meme coin for an entire month would win an invite to a private dinner with the President. That dinner took place on Thursday at the Trump National Golf Course […]
As policy makers in the UK weigh how to regulate the AI industry, Nick Clegg, former UK deputy prime minister and former Meta executive, claimed a push for artist consent would “basically kill” the AI industry. Speaking at an event promoting his new book, Clegg said the creative community should have the right to opt […]
For five weeks, the Federal Trade Commission asked a federal judge to imagine a world where Instagram and WhatsApp flourished outside Meta’s control instead of being acquired by the tech giant. In the sixth and final week of trial, Meta asked Judge James Boasberg to consider that actually, these apps might be as good as […]
There are too many planes in the sky. In 2024, the Federal Aviation Administration (FAA) supervised nearly 16.8 million flights in American airspace – half a million more than the year prior. To manage all of those airplanes, however, the FAA uses an air traffic control system designed in the early 1990s – when features […]
The winners of the $TRUMP meme coin contest did get to see President Donald Trump speak at a private dinner closed to the press – but his speech was probably the least exciting part of their night. They did get a better, more valuable, and potentially more lucrative experience: the opportunity to network with the […]
The Trump administration is trying to strip Harvard of its ability to enroll international students — an effort blocked by a federal judge on Friday, just hours after the university filed a lawsuit claiming Trump was violating its First Amendment rights. On Thursday, the Department of Homeland Security (DHS) rescinded Harvard’s access to the Student […]
Apple CEO Tim Cook personally intervened in an attempt to stop a Texas age verification bill, The Wall Street Journal reports. SB 2420 — passed by the legislature but awaiting a signature by Governor Greg Abbott — would require app store operators like Apple to verify the age of users accessing their stores. The company’s […]