1 | Montana is coming for TikTok; the state passed a bill to ban private citizens from downloading the app, making it the first U.S. state to go beyond banning it on government-owned devices. The move, if signed by the governor as expected, could set a precedent for a TikTok-free America, despite likely legal challenges. |
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2 | Parler, the social media platform that gained prominence in the wake of many social media figures being banned, has been acquired by the digital media company Starboard. Starboard announced it would temporarily shut down the social app with the idea of a re-launch and revamped version, in Q2 2023. |
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3 | Twitter has partnered with social trading company eToro, letting users buy and sell stocks on the social media app starting this Thursday. The move sparks the continued effort to turn the platform into a "super app" and is Elon Musk's first big partnership outside the platform. |
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4 | Meta announced plans to expand its Reels monetization by offering more access to ads for creators in the coming months. The company has been working on Reels ads for a year, which are currently available on an invite-only basis. |
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5 | Former President Donald Trump's personal financial disclosure form revealed that he values his social media network, Truth Social, between $5M and $25M. Trump noted he made only $201 from the platform and owned 90% of the company as of 2022. |
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6 | Twitter noted it would relaunch its creator subscription program, called "Subscriptions," which allows users to monetize their tweets and build a business within the app. The feature will allow users to charge subscribers for exclusive content, special badges, and subscriber-only tweets. |
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7 | Pinterest has implemented new safety measures to protect teen users, which include defaulting accounts held by those under 16 to private, with no ability to switch to public, and controlling how much they can share on the app. Additionally, the company will allow parents more oversight options, including setting passwords, etc. |
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