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This Month

The Truth Social logo on a laptop.

Trump’s media stock plunges as 2023 loss put at $89m

The share price of the company fell to its lowest level since Trump Media went public last week and shaved more than a fifth of its market value in a single day.

  • Updated
  • Drew Harwell

March

It’s time to stop the smartphone experiment on our children

China has been way ahead of the west in seeing the dangers of raising a generation of zombies.

  • Camilla Cavendish
All the news that’s fit for Facebook:  Meta is opting out of doing deals with Australian news media businesses.

Concerns grow as Facebook’s news exit nears

Australians who use Facebook as their main source for news will have to look elsewhere for stories as Meta shuts down its news tab in early April.

  • Jennifer Dudley-Nicholson
Snoo, mascot of Reddit, during the company’s IPO on the floor of the New York Stock Exchange.

Reddit tumbles after Hedgeye names it a short-selling idea

Hedgeye Risk Management said the stock was “grossly overvalued” and should trade closer to its IPO price of $US34.

  • Carmen Reinicke
Donald Trump on Monday. His supporters have flocked to back his Nasdaq-listed company.

Trump’s new media company catches the ‘everything rally’ wave

The former US president’s paper wealth has surged with his social media platform listing at an opportune time, with investor risk appetite rising.

  • Karen Maley
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Overrun by technology ... are you due for a digital detox?

I switched my phone off for the weekend. Here’s what happened

Having all the products of human civilisation at your fingertips can feel overwhelming.

  • Jemima Kelly
For the first time, Donald Trump is set to join the ranks of the world’s wealthiest 500 people on the Bloomberg Billionaires Index.

Trump’s net worth hits $9.8b in social media deal

On top of Donald Trump’s legal lifeline, his social media company wrapped up a 29-month-long merger, meaning shares worth billions are now officially his.

  • Tom Maloney
Supporters at a rally for former President Donald Trump.

Trump Media merger wins investor approval

The deal clears a near-final hurdle for Trump Media & Technology Group and a potential windfall for the former president.

  • Updated
  • Drew Harwell
Donald Trump

Trump heads back to Wall Street to raise much-needed cash

He is seeking a merger of his media business with a publicly traded shell company to trade on the Nasdaq. He needs the payout to bring down his legal bills.

  • Updated
  • Michelle A. Price
Donald Newhouse, Elyse Newhouse and Michael Newhouse of the family that owns Advance Publications.

Newhouse billionaires’ 5800pc Reddit gain helps ease their media woes

The family members have watched one clan after another surpass their wealth as their multi-generational media business sputtered, save for one key wager.

  • Tom Maloney
Reddit co-founder Steve Huffman on the New York Stock Exchange floor during the company’s IPO.

Reddit IPO leaps on AI pitch, but not everyone believes the hype

The stock ended its first day of trading up 48 per cent, but investors say it’s more Snapchat than Meta, despite its deal to provide AI data to Google.

  • Updated
  • Nick Bonyhady and Joanne Tran
Reddit is seeking to sell about 10 per cent of its shares in the IPO, sources say.

Reddit IPO prices at top of range to raise $1.1b

Shares in the social media platform are set to start trading on Friday in a test of the US market’s appetite for new listings.

  • Ryan Gould, Amy Or and Katie Roof
Frances Haugen

‘Only one opinion matters’: Play hardball with Facebook, insider says

Facebook whistleblower Frances Haugen says the health of Australian newsrooms and its democracy are on the line in the media versus Meta fight.

  • Gus McCubbing
More and more Americans get their news from TikTok.

Inside the battle to ban TikTok’s rising influence

US Congress has taken a first step to forcing the app’s Chinese owner to sell it off. Can the company fight back?

  • Updated
  • Demetri Sevastopulo, James Fontanella-Khan and Tabby Kinde
Australia should consider banning TikTok, say US defence tech experts.

TikTok made me write this – and it’s time for it to go

TikTok’s influence on young Australians goes beyond free speech and into sinister realms of undue influence.

  • The Parrhesian
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Protesters in Washington against the bill banning TikTok.

China lashes TikTok ban as US investors plot bid to buy app

Beijing urges Washington to “stop unfairly suppressing foreign companies” as former Treasury head Steven Mnuchin wants to put together an investor group to buy it.

  • Eleanor Olcott
People at an event organised by Republican politicians in Washington calling for TikTok to be banned last year.

Coalition urges Australia to follow US move to ban TikTok

Prime Minister Anthony Albanese is rebuffing the calls and says TikTok is a way for Australians to communicate.

  • Nick Bonyhady
TikTo has said it has never shared US user data with Chinese authorities and would not do so if it were asked.

US House passes bill that would lead to a TikTok ban

The bill, passed by a vote of 352-65 in the House of Representatives, now goes to the Senate, where its prospects are unclear.

  • Updated
  • Kevin Freking
TikTok is under fire from US legislators, amid claims it represents a national security risk.

TikTok finds itself at the centre of growing US-China tensions

One of the most popular apps in the US faces a potential ban due to claims the company, owned by ByteDance, represents a national security risk.

  • Karen Maley
Australia should consider banning TikTok, say US defence tech experts.

Australia should follow US lead on TikTok, say defence tech experts

Australia already has a reputation for taking on Chinese tech threats and the government should be doing that again, say a range of experts in Washington.

  • Matthew Cranston