At the heart of the findings are the “blue check” verification systems and X’s alleged obfuscation of data.
The European Union released documents on July 12 indicating that Elon Musk’s X.com has been preliminarily found to be in breach of the Digital Services Act (DSA).
According to the EU’s preliminary findings, X violated the DSA on three separate counts and faces fines of “up to 6% of the total worldwide annual turnover of the provider.”
Per documents published by the European Commission:
Despite Threads hitting 175 million monthly active users, it’s still too early to say whether it could become another X one day.
Meta’s Threads, a social media platform built to capitalize on Elon Musk’s Twitter takeover in 2023, is celebrating its first anniversary with high ambitions to overtake X, as Twitter is now known.
Meta CEO Mark Zuckerberg took to Threads on July 4 to announce that the app has more than 175 million monthly active users. The new milestone comes a few months after Threads reached 150 million active users in April, marking stable growth in 2024.
Despite Threads adding a significant amount of new users over the past three months, it’s still too early to say whether the app could one day become another X, which has proved to reign supreme in the cryptocurrency community.
A social media-focused crypto project is reversing course on its decision to leave the blockchain of top US-based crypto exchange Coinbase. In a new announcement on the social media platform X, Friend.tech (FRIEND) says that based on community feedback, it no longer plans to leave Base to create its own blockchain. “We’ve heard your feedback: […]
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The U.S. Federal Trade Commission (FTC) has warned consumers about a surge in social media investment scams, especially in cryptocurrency. These scams involve fraudulent messages claiming guaranteed high returns with little or no risk. The FTC advises ignoring such messages and reminds consumers that all investments carry inherent risks. FTC Issues Warning on Social Media […]
Solana recently introduced new functionality to its network, bringing Blinks (blockchain links) to the Web2 space. Now, users and developers can take wallet actions, like making a transaction, a donation, or a vote using a wallet address, wherever a URL can be shared, enhancing the user experience in legacy web applications or even on X. […]
On June 20, Michael Dell, the Chief Executive Officer of Dell, the American technology company known for developing, selling, repairing, and supporting computers and related products and services, shared his thoughts on bitcoin via the social media platform X. This interaction began with a response from Michael Saylor, the founder of Microstrategy. Dell CEO Michael […]
TikTok’s new tools include AI-powered digital avatars that brands can dub over and use to sell their products in multiple languages.
TikTok could soon be awash with ads featuring artificial intelligence-powered “digital avatars” that brands can make to say virtually anything to promote their product
TikTok announced on June 17 that it’s expanding its Symphony ad suite with “stock avatars” and an “AI dubbing” feature it claims helps brands create and localize content.
The stock avatars are “all created from video footage of real paid actors that are licensed for commercial use,” and users can choose an AI-powered “voice and accent” to read out a script which will be dubbed onto the avatar, TikTok said.
The co-founder of Binance is asking billionaire Elon Musk, who owns the social media platform X, to address the crypto scams proliferating over the website after her followers fell victim to a wallet drainer. In a new thread, Yi He tells her followers that a scammer is posing as her on X to trick people […]
The post Binance Co-Founder Asks Elon Musk To Address Crypto Scams on X After Her Followers Get Hit With Wallet Drainer appeared first on The Daily Hodl.
SocialFi application protocol Friend.tech (FRIEND) says it’s leaving Coinbase’s Base chain to develop its own network. In a new thread, the team behind the social finance platform says that it will be partnering up with Conduit, a firm that provides Ethereum (ETH) rollups, to work on Friendchain, its very own blockchain that will utilize FRIEND […]
The post SocialFi Application Friend.tech Leaving Base Blockchain in Move To Develop Own Network appeared first on The Daily Hodl.
Reports indicate that the online brokerage platform Etrade might be considering removing Keith Gill, known as Roaring Kitty, due to concerns about Gamestop (GME) manipulation. The Etrade news emerged after Gill posted a screenshot of his Etrade account, displaying $65.7 million in Gamestop call options and $115 million in GME shares. The topic has sparked […]