Meta appoints Dina Powell McCormick, a prominent banking executive and former Republican official, as president and vice chair, reporting to Mark Zuckerberg
Dina Powell McCormick, a prominent banking executive and former Republican official, is joining Meta full-time as president and vice chairman …
WLFI, run by the Trump family's World Liberty Financial, falls 25% to ~$0.21 on its first trading day, giving it a ~$6B market cap; Trump's WLFI is worth ~$3.6B
WLFI tokens in circulation have a total nominal value of $6.4bn — The crypto token of a project backed by US President Donald Trump fell …
WLFI, the token of Trump's World Liberty Financial, begins trading at ~$0.30 with a market cap of ~$7.5B; ~24.67% of its 100B supply is in circulation at open
- The native token of World Liberty Financial, a DeFi project backed by Donald Trump and his family, began spot trading on exchanges.
The Trump family's crypto business, World Liberty Financial, is using publicly listed company ALT5 Sigma to raise $1.5B for the purchase of its WLFI token
Ben Weiss / Fortune :
NFT marketplace Magic Eden and the TRUMP memecoin team announce the “Official $TRUMP Wallet” and open a waitlist; Trump's sons deny any involvement or knowledge
UPDATE, June 3 at 3:00pm: Following publication of this story, Magic Eden pushed out its announcement for the Trump Wallet at 1:35pm.
Meta adds Dina Powell McCormick, who served as deputy national security adviser to Trump in his first term, and Stripe CEO Patrick Collison to its board
Dina Powell McCormick, a prominent banking executive and former Republican official, and Stripe CEO Patrick Collison are joining Meta's board, Axios has learned.
Donald Trump Jr. is joining prediction-market startup Kalshi as a strategic adviser; CFTC called Kalshi “an online casino” in a December filing
Wall Street Journal :
Elon Musk says the US SEC sent him a “settlement demand” after its Twitter buyout probe, asking him to agree to a fine within 48 hours or face numerous charges
www.theverge.com/2024/12/12/ 2... Elizabeth Lopatto / @lopatto : Musk also asked his AI, Grok, to draw a picture of Gensler. The image depicted a snail in a business suit, seeming...
On Joe Rogan's podcast, Marc Andreessen criticizes the “raw administrative power” of US agencies like the CFPB, SEC, and FTC, talks Elon Musk and DOGE, and more
- Marc Andreessen discussed Elon Musk and the Department of Government Efficiency on Joe Rogan's podcast.
Donald Trump promotes his family's forthcoming crypto platform, The DeFiant Ones, in a Truth Social post that links to a Telegram channel but with few details
Trump is launching a cryptocurrency platform, and we have no idea what it does — The Verge — https://www.theverge.com/... Dan Gillmor / @dangillmor@mastodon.social : Trump has fo...
Conservative radio host Glenn Beck says all Glenn Beck Program episodes were removed from Apple Podcasts, and then restored, “with no explanation”
Elon Musk claims X will fund the legal bills of people who have been “unfairly treated” by their employer “due to posting or liking something on this platform”
Instagram's Threads passes 100M signups in just five days, up from 30M in the first 24 hours and 10M in the first seven hours
With Twitter traffic “tanking” and Threads ascendant, Elon Musk says Mark Zuckerberg “is a cuck” and proposes “a literal dick-measuring contest”
Twitter owner calls Facebook founder a ‘cuck’ as rancour grows over launch of Threads, a competitor to Musk's network
US senators unveil the bipartisan RESTRICT Act to let the US ban foreign-linked app and hardware makers the Commerce Department deems a national security risk
the bill he and other lawmakers are introducing today that could lead to a TikTok ban — will also allow the Commerce Dept. to take action on suspected foreign spying risks in AI, f...
Matt Taibbi posts internal Twitter documents showing the company's 2020 debate over the handling of content related to NY Post's Hunter Biden laptop story
The new disclosures, touted as “The Twitter Files,” were posted in a lengthy Twitter thread by investigative reporter and author Matt Taibbi (and retweeted by Musk).
After criticism, PayPal says its policy update about a $2,500 penalty for “the sending, posting, or publication” of misinformation was “incorrect information”
Low De Wei / Bloomberg :
Texas AG Ken Paxton announces an investigation into Twitter for potentially misreporting its bot accounts, after Elon Musk's complaints about the alleged issue
Study of 100 popular Twitter accounts: two days after Twitter accepted Elon Musk's bid, conservatives gained 17,229 followers on average and liberals lost 6,062
that's nearly 25 times its daily average of +550 new followers. https://twitter.com/... Caroline Orr Bueno, Ph.D / @rvawonk : Lauren Boebert has gained more than 43,000 followers s...
Facebook's services and work tools return online after suffering a global outage for over six hours
Update: 5:55 p.m. ET: Facebook, Instagram, WhatsApp, and Messenger are slowly but surely coming back up after more than 6 hours of being down. Your mileage may vary for now …