In today's ExchangeWire news digest: Washington endorses legislation to ban TikTok; Brussels tells Musk to hire more human moderators for Twitter; and e-commerce platform Shopee reports its first-ever quarterly profit.
The White House has endorsed new legislation giving US authorities the power to restrict or ban TikTok and other platforms if they pose risks to national security. The backing follows efforts from US senators and lawmakers to ban the Chinese-owned video app over concerns it may misuse users’ data. Democratic senator Mark Warne stated the new powers will apply to technology from China, Russia, North Korean, Venezuela, Cuba, and Iran.
Regulators in the EU have told Elon Musk to hire more staff to moderate Twitter. The site currently uses a mix of human volunteers and AI to police content on the site. The billionaire previously cut over half of Twitter’s 7,500 workforce to reduce costs, a move which prompted scrutiny from the US Federal Trade Commission, which demanded Twitter hand over internal communications related to Musk over concerns the layoffs could compromise user security.
E-commerce platform Shopee has reported a profit for Q4 2022, marking the first profitable quarter in its history. The Sea Limited-owned company reported adjusted EBITDA of USD$196.1m (~£164m), a significant uptick from its USD$877.7m (~£734m) loss the previous year.
'A Recalibration is Overdue': have your say on measurement, attention and context
The Madtech Podcast Special: The Evolution of Digital Supply Chains
The Road To ATS London: Industry Obsessions in 2023
Adelaide Metrics & Sharethrough Partner to Offer Attention-Based Curated Inventory
Adsquare & Scoota Expand Partnership
Adnami Appoints Sophie Spencer as UK Agency Sales Director
Want to see your latest press releases featured on ExchangeWire? Email info@exchangewire.com to find out more about our PressBox service.
2 billion - the number of orders processed through Shopee in Q3 2022.
Adform, the most powerful and safe media buying platform built for game changers, celebrates today…
Opti Digital, a premium ad revenue platform, unveils a new brand identity that embodies its…
In today’s Digest, Ireland pushes for Big Tech to vet financial ads, Warner Bros. Discovery…
We look at some of the key findings from this year’s All In Census (created…
This week, Google dominated headlines with bold moves across content, advertising, and AI, while lawmakers…
Intent IQ, a leading provider of identity resolution and data technology, today (May 8th, 2025)…