Is OpenAI worth $100B?

OpenAI could reportedly increase its valuation to $100 billion. Nvidia and Apple are apparently in talks to contribute to the company’s next fundraising round, and Thrive Capital would lead the deal should it happen, according to The New York Times. OpenAI's annualized revenue reportedly

X caught blocking links to NPR, claiming the news site may be ‘unsafe’

X, the Elon Musk-owned platform formerly known as Twitter, is marking some links to news organization NPR’s website as “unsafe” when users click through to read the latest story about an altercation between a Trump campaign staffer and an Arlington National Cemetery employee. The

Tumblr to move its half a billion blogs to WordPress

Tumblr is making the move to WordPress. After its 2019 acquisition by WordPress.com parent company Automattic in a $3 million fire sale, the new owner has focused on improving Tumblr’s platform and growing its revenue. Now Automattic will shift Tumblr’s back end over to WordPress, Autom

Creators are angered by Meta’s Spark AR shutdown, saying they’ll be out of work with little notice

Creators are unhappy with Meta’s decision on Tuesday to shut down its Spark platform, which allowed third parties to build augmented reality (AR) effects. In posts published to the Meta Spark Community on Facebook, creators are posting about their disappointment in Meta’s decision, noti

Do you know where your children are? Maybe on X

A surprising number of “iPad kids” — aka Generation Alpha's 7- to 9-year-old demographic — are using X, according to new data from parental control software maker Qustodio. The firm found that over 30% of this group of children have an X account. Qustodio theorizes that X may be gaining

X shareholders as of June 2023 included funds tied to Bill Ackman, Binance, and Sean ‘Diddy’ Combs

A court order recently forced Elon Musk’s X to reveal its full list of shareholders, as of June 2023, to the public. Many of the recognizable tech industry names had already been reported as backers of Musk's effort to buy the social media company then known as Twitter and take it privat

Threads spotted exploring ads, but says ‘no immediate timeline’ toward monetization

Instagram says it’s not testing ads in Threads and has no immediate plans to monetize after multiple developers and reverse engineers uncovered references to ad products in the app’s code, including the word “ads” itself, as well as references to sponsored items and ads conf

The banks that loaned Musk $13B to buy Twitter might be having regrets

X, formerly known as Twitter, looks like a pretty bad investment right about now. As readers might recall, Elon Musk borrowed $13 billion from Morgan Stanley, Bank of America and five other major banks to help finance its $44 billion acquisition. According to the WSJ, the deal has since become the

A surprising number of ‘iPad Kids’ are on X, study finds

A surprising number of “iPad kids” — that is, Generation Alpha’s 7- to 9-year-old demographic — are using X (formerly Twitter), according to new data from parental control software maker Qustodio in a report released on Monday focused on children’s app usage in the U.S.

X says it's closing operations in Brazil

X, the social media platform formerly known as Twitter, said today that it’s ending operations in Brazil, although the service will remain available to users in the country. The announcement comes amid a legal battle with Brazil's Supreme Court justice Alexandre de Moraes, who sought to

Meta draws fresh questions from EU over its CrowdTangle shut-down

The Commission is seeking more information from Meta following its decision to deprecate its CrowdTangle transparency tool. The latest EU request for information (RFI) on Meta has been made under the bloc’s Digital Services Act (DSA) — an online governance framework which empowers enfor

AI social media vetting startup Ferretly secures $2.5M, launches election personnel screening tool

AI social media vetting startup Ferretly has raised $2.5 million in seed funding and is launching a new platform designed to screen election personnel. Founded in 2019, Ferretly leverages AI to scan social media and publicly available online data to uncover potential risks and behaviors that tradit

Biden tells creators they have something traditional media does not: ‘You're trusted’

At the first ever White House Creator Economy Conference, the most popular man to drop by was not a TikTok superstar or a YouTube sensation. It was President Joe Biden, who emphasized social media creators' role in shaping public opinion. “Until about three, four months ago, I didn't pay

Threads may offer its own take on Fleets with a disappearing posts feature

Old tweets from stars, celebrities, politicians and other public figures often come back to haunt them, exposing their embarrassing, unevolved opinions from their youth, offensive comments, abusive messages, errors in judgment, and worse. While users on X (formerly Twitter) only have third-party op