Alibaba agrees to a $443.5M settlement in a US shareholder lawsuit alleging that Alibaba hurt investors by making misstatements about its exclusivity practices — The e-commerce platform denied allegations that it made misstatements about its antitrust and exclusivity practices
Analysis: X is on track to fall well short of its goal of $100M in 2024 political ad revenue, raising just $15M to date, mainly from GOP and Trump campaigns — Social media platform has raised a fraction of $100mn target and mainly from Trump and Republicans
The ramifications of a potential US crackdown against Tether, a noticeable player in the market for US debt, will extend beyond the digital asset industry — Of all the legal actions taken against cryptocurrency companies by US regulators and prosecutors over the past year …
Q&A with Reddit CEO Steve Huffman on AI slop, the company's partnerships with Google and OpenAI, content moderation during an election year, and more — What makes Reddit a gold mine for AI models, he says, is all of the human-led content on its variety of forums
Sources: Meta strikes a multi-year deal with Reuters to use its news content to provide real-time answers to user queries in Meta AI chatbot, a first for Meta — - Meta has backed away from news content in its platforms' main feeds amid regulatory scrutiny, but news content may prove harder …
Chinese self-driving firm WeRide raised $120M in its US IPO at a $4.21B valuation, and sold 7.7M shares at $15.50 a piece, the lower end of its targeted range — Self-driving firm WeRide WRD.O notched a valuation of $4.21 billion after raising $120 million in its U.S. initial public offering …
New York Times : Sources: the US State Department ordered embassies to push back against foreign influence campaigns, as officials worry ...
