ByteDance Ltd. plans to generate approximately $50 billion in profit in 2025, having already exceeded its internal target. The company achieved a net profit of around $40 billion in the first three quarters of the current year.
Chinese company ByteDance has entered into an agreement to transfer its US division to the joint venture TikTok USDS Joint Venture LLC. American investors, including Oracle, Silver Lake, and MGX, will receive 45% of the shares of the new structure, which will be responsible for protecting user data in the US and content moderation.
Meta has unveiled the first Instagram TV app for viewing Reels, which will appear on Amazon Fire TV. The app is in test mode and is planned to be expanded to other TV platforms.
Most respondents in Germany supported a ban on social media for children under 16. This happened after Australia introduced similar restrictions for most popular platforms.
The approaching deadline for a possible sale of TikTok in the US keeps potential investors in 'limbo'. The US is preparing to extend the deadline for the sale of the platform's American assets for the fifth time, causing uncertainty among interested parties.
Australia has legally banned children under 16 from accessing social media, including TikTok, YouTube, Instagram, and Facebook. Prime Minister Anthony Albanese urged young people to use their free time for personal development.
A blogger from Chernivtsi was sentenced to 5 years in prison for disseminating information about the deployment of the Armed Forces of Ukraine. She voiced the coordinates and published a video, despite warnings from the military.
US President Donald Trump has expressed concern about Netflix's planned $72 billion acquisition of Warner Bros. Discovery Inc. He noted that the combined company's large market share could create antitrust issues.
The European Commission has fined Elon Musk's X platform 120 million euros for transparency violations under the EU's Digital Services Act. This is the first fine imposed under the bloc's flagship content moderation law.
The Irish media regulator has launched an investigation into TikTok and LinkedIn. The reason is a suspicion of inadequate mechanisms for reporting illegal content, which could lead to a fine of up to 6% of annual revenue.
Alibaba Group Holding Ltd. has started selling its first AI-powered Qwen smart glasses, Quark S1 and G1. These devices feature built-in displays and cameras, run on Qualcomm Inc.'s Snapdragon AR1 platform, and are already available in China.
TikTok Shop is expanding its assortment by offering luxury goods such as Hermes and Chanel bags, rare Louis Vuitton and Nike sneakers, and Rolex and Cartier watches. Most items are sold through second-hand resellers who use AI to confirm authenticity.
Gaming giant Roblox Corp. will introduce mandatory facial recognition or ID verification next month for players who wish to access chat features. This innovation aims to prevent children under nine from chatting without parental consent and to limit communication between adults and minors online.
Ukrainian-born Maksym Klymenko, author of the popular series "Career Ladder," received the TikTok "Creator of the Year" award.
Denmark plans to ban children under 15 from using social media, but parents will be able to grant permission to access certain platforms. This move is a response to concerns about youth mental health.
Meta, ByteDance, Alphabet, and Snap are accused of deliberately creating addiction in teenagers. A Los Angeles court ruling has allowed the cases to proceed, which could be of historical significance for the industry.
Australia has added Reddit and Kick to its list of social media platforms banned for under-16s, as part of a groundbreaking law. These platforms, along with other giants, will face a legal obligation to close accounts of younger children from December 10.
The Paris prosecutor's office has launched an investigation into TikTok over the possible dissemination of content promoting suicide. The investigation concerns the platform's algorithm and control over the safety of materials, following a report by a French parliamentary committee.
Russians have launched a wave of fake videos where Ukrainian soldiers allegedly surrender en masse near Pokrovsk. These videos were created using AI, as reported by the Center for Countering Disinformation.
Learn how to save money on a child in each age category during wartime by shopping smartly and utilizing free opportunities. From basic clothing for toddlers to financial literacy for teenagers – advice for parents.
In Ukraine, 47 TikTok accounts were deleted for illegal gambling advertising. These pages had a total audience of over 1.3 million subscribers.
The Cabinet of Ministers of Ukraine has approved new rules for effective combating gambling addiction. Gambling organizers are obliged to identify and respond to risky player behavior.
China and the US have reached a consensus on important economic issues after the meeting between Xi Jinping and Donald Trump. The parties discussed TikTok, tariffs, and rare earth elements, agreeing on further steps.
Google's YouTube will use AI to improve the visual clarity of low-resolution videos on TVs, the web, and mobile devices. The upscaling feature will initially apply to videos below 1080p, with an opt-out option for content creators.
US President Donald Trump hopes to conclude a trade deal with China during his meeting with Xi Jinping in South Korea. He believes it will be a beneficial deal for both sides.
In Ukraine, 33 TikTok accounts that illegally advertised gambling have been blocked, with another 20 currently under review. The total audience of the blocked pages is 365,000 users.
The European Commission stated that Facebook, Instagram, and TikTok violate EU legislation by not providing users with easy ways to report illegal content. The companies face fines of up to 6% of their annual global turnover.
28-year-old American Lynn Shazin was hospitalized with anemia caused by excessive consumption of matcha latte. The doctor explained that matcha can act as an "iron scavenger," preventing its absorption by the body.
On October 15, the Victoria's Secret fashion show 2025 will take place, where famous "angels" and new faces, including plus-size models, will walk the runway. The show will be available on Prime Video, Amazon Live, and the brand's official pages.
YouTube has blocked the channels of sanctioned politician Yevhen Murayev and former People's Deputy Hennadiy Balashov. These resources spread pro-Russian messages and disinformation.
