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...Thompson sees CNN as a neutral, trusted source, with a balance of right- and left-leaning viewers “that’s quite unusual in modern American media”....
...Big music companies earn billions of dollars a year through royalty payments from streaming service and social media platform operators including Spotify, Apple and Meta....
...Rules on the social media platforms vary too. Others are cautious that such messaging may be off-putting for their existing followings....
...Competition between platforms provides strong incentives to keep users engaged....
...Either way, it is clear that social media platforms should create and enforce more clearly defined rules around the use of AI on their apps....
...“Social media platforms need to show that they are complying or explain what else they are doing to mitigate risks,” said one EU official. “If they don’t explain, we issue a fine.”...
...You might then find it rational to use these social media platforms, even if you believe that you would be better off if they simply did not exist....
...“We are seeing growth partly because of the changes in the platform formats, with short videos becoming such a big aspect across the [social media] networks....
The tech sector will never embrace true openness
...The company also owns rights to music in games such as Cyberpunk 2077, which are popular among fans on streaming platforms....
...More than half of children under 13 — which is commonly the minimum age requirement for many social media platforms — reported using social media sites and apps....
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...Elon Musk’s social media platform last said in September it had about 550mn monthly active users and 245mn daily active users....
...She believes that within a year, many brands will be using AI to generate cheap ads for social media....
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...The profiles are probably linked to far-right movements, which have found fertile ground on X and other social media platforms, including Telegram....
...Media moguls have been reduced to reinventing the wheel. Or more accurately, reassembling it....
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...Trump Media & Technology Group, the company behind the former president’s Truth Social platform, closed at $57.99 on Tuesday after completing its merger with a shell company that was already listed....
...But some are doubtful that advertisers will be amenable to spending their social media budgets on a comparatively risky platform....
...Financial results filed on Monday show that the owner of Trump’s Truth Social platform took in just $751,500 in revenue in the fourth quarter of 2023, a more than 25 per cent decrease from the previous quarter...
...Donald Trump’s Truth Social platform is riding a wave of enthusiasm from small investors as a second day of gains took the lossmaking social media group’s valuation above $13bn....
...its vast catalogue from the platform....
...If social media becomes the vast majority of your media consumption, you have lost that choice. On most platforms, your only choice is to swipe, to continue scrolling....
...Shares in social media and video groups moved higher in late-morning trade in New York as members of the US House passed a bill to ban TikTok....
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