President Joe Biden weighed in on the unrest on college campuses as a wave of pro-Palestinian demonstrations has led to mass arrests, vandalism and some violent incidents, saying in brief remarks that “order must prevail.”
25.04.2024 - 00:11 / deadline.com
Meta (formerly called Facebook) pretty much ignored the social media elephant in the room today on a post-earnings conference call, with chief financial officer Susan Li saying it’s too early to discuss what just happened in Washington, D.C. President Biden has signed into law a bill that would force TikTok’s Chinese parent company to divest the hugely popularU.S. app within about nine months or risk it being banned.
TikTok said it will take the fight to the courts.
“We’ve obviously been following the events related to TikTok closely,” said Li (although the question had been directed to Meta CEO and founder Mark Zuckerberg). “But at this stage it is just too early, I think, to assess its impact or what it would mean to our business.”
Donald Trump’s White House also took a swing at TikTok through CFIUS (Committee on Foreign Investment in the United States) but ultimately backed off. Oracle has been acting as the data center for U.S. TikTok users.
In a competitive landscape, social media rivals weren’t above gloating a bit last time around although not thrilled with government intervention in their market. Meta is the first tech giant to report its numbers and chat with the Street since the law passed today, so it’s some others may weigh in more forcefully. Facebook rolled out Reels to compete with the TikTok juggernaut and some analysts are predicting a windfall in ad revenue for Meta if the Chinese-owned app is banned.
Facebook had a mixed first quarter report with beats on revenue and profit coming hand-in-hand with a forecast of softer sales and higher spending on AI that spooked the market. The shares, which have been flying high, are down more than 15% in late trading.
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President Joe Biden weighed in on the unrest on college campuses as a wave of pro-Palestinian demonstrations has led to mass arrests, vandalism and some violent incidents, saying in brief remarks that “order must prevail.”
Tyra Banks waited until she was 50 years old. While Banks has admitted she tried it when she was 12, she hadn’t touched it since.The former America’s Next Top Model host opened up with PEOPLE in a recent interview, where she shared the surprising news. Tyra says she tried alcohol for the first time while celebrating in Australia, where she has been living with boyfriend Louis Bélanger-Martin and her son York Banks Asla, 8, whom she shares with ex Erik Asla.But it doesn’t seem like it will be a habit for her.
Michael Appler Jeff Bridges isn’t like other leading men. So goes the tale for over 50 years and 70 films. Where other actors of his generation—Robert De Niro, Jack Nicholson—brought volume and bravado, Bridges excelled in the shadows.
EXCLUSIVE: Here’s a hot one. Following their collaboration on hit horror Talk To Me, A24 and filmmakers Danny and Michael Philippou are re-teaming on original horror movie Bring Her Back, we can reveal.
Kim Kardashian is back in the White House!
Academy Award winner Aaron Sorkin has reiterated his plans to write a sequel to his acclaimed drama, The Social Network, examining the origins of Facebook, one that will hone in on the social media platform’s impact on U.S. democracy.
Welcome to ElectionLine’s A View From Abroad series, in which we speak with media figures who don’t live in America but keep a close eye on its politics. Every few weeks, these smart observers will provide a unique perspective on what promises to be a fraught and unpredictable campaign for the White House. This week, our interview is with Richard Madan, the award-winning Washington D.C. correspondent for Canada’s CBC News.
Facebook parent Meta posted solid quarterly financials today with revenue and EPS beating Wall Street expectations, but investors dinged the stock on high expenses and lower than anticipated revenue for the current quarter. Shares are down 10% in after-market trading.
Shou Zi Chew is responding to new U.S. policy.
A British couple were stranded in storm-hit Dubai and faced a whooping 12-day wait for a flight back. Alison Shah, 60, and her partner, Richard Kay, 52, decided to take matters into their own hands by hopping multiple flights and taxis on a tiresome quest that took them three days to reach home after their vacation trip to Bangkok and Thailand turned into a travel nightmare.
A British couple facing a 12-day wait for a flight home from storm-struck Dubai have made it back to Manchester - after taking three flights and seven taxis over three days. Alison Shah, 60, and her partner, Richard Kay, 52, were coming home from her birthday trip to Bangkok and Thailand when they got stuck in Dubai last Tuesday (April 16).
A primary school teacher has been dismissed after she taught her pupils TikTok dances, an employment tribunal heard.
What started out as an AITA post instead became an OSAIGCO — Oh S**t Am I Getting Cheated On??
EXCLUSIVE: US-Bangladeshi action movie MR-9: Do or Die, starring ABM Sumon, Michael Jai White and Frank Grillo, has been picked up by Quiver Distribution for a North American VOD/digital release this month.
Variety‘s 2024 Legal Impact Report. For editorial questions, please contact Sharareh Drury at [email protected]. Spicer: Partner and Head of Media & Entertainment PracticeGriffith, Miller, Roman: PartnersThe four Century City attorneys worked $2 billion in transactions in the past year.
FCC chair Jessica Rosenworcel finds it shocking that U.S. law prevents foreign ownership of old media assets but has nothing to say about new media — including wildly popular TikTok, which is owned by a Chinese company. A bill passed by the House last month that would require parent ByteDance to divest TikTok or see the app banned appears to have stalled in the Senate. But if it ever “makes it to the President’s desk, he should absolutely sign it.”
A year ago, trades announced that Oscar-nominee Austin Butler (“Dune: Part Two“) would be leading a feature film adaptation of the famous Don Winslow crime saga novel “City On Fire” (No, not the similarly-titled Chow Yun-Fat movie that inspired Quentin Tarantino‘s “Reservoir Dogs“). A potential franchise starter for Sony, the crimed dra awould explore two criminal empires, Irish and Italian syndicates, that control New England and has been compared to the scope of something on the level of “The Godfather.” It’s been a long minute since we’ve heard an update, but Deadline reports the project has landed an impressive screenwriter to tackle the script.
Gardening enthusiasts may be eager to get out and start tending to their outdoor spaces as the weather begins to warm up - but a top horticulturist has warned that starting too early could be bad news.
EXCLUSIVE: Sony’s 3000 Pictures has set Justin Kuritzkes to adapt City on Fire, the first of a bestselling novel trilogy by Don Winslow that is being developed as a star vehicle for Austin Butler.
K.J. Yossman J.K. Rowling’s bestselling children’s book “The Christmas Pig” is set to get a film adaptation.