Source: the TikTok US deal values it at just around $14B; TikTok's US entity makes roughly $14B annually in advertising revenues alone, per analyst estimates
Sara Fischer /Axios:
Mark Zuckerberg says Meta is establishing a new “top-level” initiative called Meta Compute to build “tens of gigawatts” of AI infrastructure during this decade
Sara Fischer /Axios:
CNN partners with Kalshi to use its real-time prediction data in TV, digital, and social channel reporting, on-air data tickers, analysis, and fact-checking
Sara Fischer / Axios :
Fox News hires Palantir to build tools that help journalists produce stories across Fox platforms and social media; Fox won't use AI to generate editorial copy
Sara Fischer / Axios :
Apple and Formula One announce a five-year US media rights deal for all races, starting in 2026; sources: Apple is paying ~$140M/year, up from ESPN's ~$85M/year
and no one saw it coming BBC : Apple wins US F1 TV rights in $750m deal Wendy Lee / Los Angeles Times : F1 races to air exclusively on Apple TV next year Timi Cantisano / Android Police : YouTube TV v...
Disney agrees to pay $10M to settle an FTC complaint that alleges it collected children's data by not designating certain YouTube videos as being made for kids
Sara Fischer / Axios :
Experts say two federal judges declaring Google a monopoly within a year signals a judicial shift toward addressing anticompetitive behavior in digital markets
but investors shouldn't sweat it Rob Nicholls / The Conversation : Google loses online ad monopoly case. But it's just one of many antitrust battles against big tech Matt Milano / WebProNews : Google ...
Netflix reports Q1 revenue up 12.5% YoY to $10.54B, vs. $10.51B est., net income of $2.89B, and stops reporting subscriber numbers on a quarterly basis
April 17, 2025 Fellow shareholders, ● We are off to a good start in 2025. Annika Masrani / TipRanks Financial : Netflix Stock (NFLX) Pops as Earnings Beat but Tariffs Threaten Growth Dan Gallagher / W...
Yahoo strikes a deal to sell TechCrunch to media investment firm Regent, which acquired PCWorld publisher Foundry earlier this week
Yahoo on Friday said it has struck a deal to sell TechCrunch, the 20-year-old tech journalism site, to Regent, a media investment firm. Bluesky: @amanda.omg.lol , @karlbode.com , and @niedermeyer.onli...
Memo: Meta terminates major DEI programs, including for hiring, training, and procurement, citing a changed “legal and policy landscape” around DEI in the US
Meta is ending its DEI programs Bradley Cortright / New York Sun : Meta Abandons its DEI Programs Days Ahead of Trump's Inauguration Edith Olmsted / New Republic : Mark Zuckerberg Goes Full MAGA With ...