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Heavy trading in company behind Truth Social fuels talk of a new cycle of ‘meme stock mania’
And so is justifying the Trump Spac at $60 a share
Plus, the heat rises on Sullivan Cromwell’s FTX fees and Adam Neumann begins to put together a WeWork bid
Shares of company behind former president’s Truth Social platform rise 16% in first day of trading
TMTG looks like a rightwing meme stock combined with the classic pathologies of the blank cheque bubble
Also in this newsletter: UN Security Council calls for ceasefire in Gaza, UK accuses China of cyber attacks, neurodiversity in the workplace
US judge says case appeared to be directed at ‘punishing’ non-profit Center for Countering Digital Hate
Big Tech groups are the first to face full investigations under bloc’s Digital Markets Act
Europe’s creator economy is growing rapidly as more consumers and brands turn from traditional media to online platforms
Shanghai-based unicorn known as ‘little red book’ brought in $500mn in net profit last year
Having all the products of human civilisation at your fingertips can feel overwhelming
Bosses sell hundreds of millions of dollars in company shares this quarter in sign that markets may be peaking
Company behind Truth Social site will list on Nasdaq with the ticker symbol DJT next week
Social media site now faces challenge of adjusting its sometimes unruly business to please public shareholders
These platforms aren’t free, and regulators are trying to manage the price
Why so many of us use platforms we dislike
Litigation with a former partner hangs over Friday’s vote to take Truth Social network public
Deal gives social media group popular with meme-stock traders a market value of almost $10bn
Early involvement by loyal users does not guarantee a large pool of engaged retail investors
Videos of people resigning or being made redundant are going viral on social media in bid for workplace transparency
Obsession with a manipulated photo is the latest episode in a long history of negotiating a tricky public-private role
A serious bill would restrict the sale of data collected by any social media app, regardless of who owns it
Social media company cancels Steve Huffman’s performance awards based on hitting $25bn market value
One idea under discussion would be to take voting control of the popular video app
Beijing urges Washington to ‘stop unfairly suppressing foreign companies’
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