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Reddit closes up 48%, at $50.44 per share, in its New York Stock Exchange debut, valuing the company at about $9.5B on a fully diluted basis — - Social media company, holders raised $748 Million in IPO … The San Francisco-based company's stock closed at $50.44 each on Thursday in New York …
Discussion:
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A survey finds US states have distributed over $25B to film incentive programs since 2002, but independent experts find the programs are break-even at best — Dozens of states have lured film and TV production with financial incentives. Years after gutting its program during a budget crisis, Michigan wants to rejoin the arms race.
Discussion:
Variety, @joegalarn, @mariadoulis, Axel W. Caballero on LinkedIn, @tonyromm, @chriskuo17, @fgiroldini and Simon Pulman on LinkedIn


Changing policy, X bans the posting of real names of people behind anonymous accounts, after it suspended accounts that unmasked a suspected neo-Nazi cartoonist — Some X users said the move was another example of Musk going out of his way to defend neo-Nazis, antisemites and white supremacists.


Kotaku EIC Jen Glennon, who joined in October 2023, resigns, citing in a letter the management team's recent decision to deprioritize news in favor of guides — Jen Glennon, who took over as editor in chief of Kotaku in October, resigned Thursday. In a resignation letter seen by Aftermath …
Discussion:
@davidgross_man, @jeremypgordon, @leadergrev, @zwiezenz, The Daily Beast, @joeljohnson, @alyssa_merc, @momozuch, @robaeprice@threads.net, @iamasarch, @jasonkoebler@mastodon.social, @jeremysmiles, @mhoye@mastodon.social, @transgamerthink, @xoxogossipgita, @damagecontrolblog …, @benjamin_goggin_@threads.net, @tamoorh, @carolynmichelle, @shepardcdr, @hellojenglen and @lainnafader


Tennessee passes the Ensuring Likeness Voice and Image Security (ELVIS) Act, aiming to protect musicians and other artists from unauthorized use involving AI — Tennessee Governor Bill Lee signed a bill into law on Thursday that aimed to protect artists including musicians from unauthorized use by artificial intelligence.


Julia Angwin says Proof News aims to use “the scientific method” for investigative journalism, and expand beyond tech to cover corporate accountability, more — The cofounder of The Markup wants to expand beyond tech with her new publication. — At the end of February …
Discussion:
@sarahscire and @juliaangwin


Spotify's TikTok-like redesign reveals the follower numbers for top podcasters: The Joe Rogan Experience has 14.5M, followed by TED Talks Daily with 5M — A new TikTok-like redesign from the streaming giant unveils actual audience data for top podcasters — Welcome back to Soundbite.


How companies like iSpot and VideoAmp are trying to challenge Nielsen's ratings dominance, as the industry grapples with changing audience measurement protocols — The day after the Super Bowl typically brings with it another kind of celebration: Nielsen's annual announcement of the size of the audience for the NFL extravaganza.
Discussion:
Ad Age


The FCC fines Nexstar and Mission Broadcasting $1.8M+, alleging violation of US ownership rules in operating New York TV station WPIX; Nexstar plans to appeal — Regulator rules that Nexstar committed ‘willful and repeated’ violations of ownership rules, also fines Mission Broadcasting $612,395
Discussion:
The Wrap, The Desk, Radio & Television …, Nexstar Media Group, Inc., Deadline, FCC and Cord Cutters News


The Mozilla Foundation and 90+ research and advocacy groups urge Meta to support CrowdTangle through January 2025 to track election misinformation globally — The letter, also signed by CrowdTangle's former CEO, claims shutting it down is a “direct threat” to researchers' work
Discussion:
@brandonsilverm, Mozilla Foundation, @mozilla and @andymstone, more at Techmeme »


A super PAC backing Ted Cruz got ~$215K from iHeartMedia, earned from selling ads for Cruz's podcast; Cruz had likened his show to cable news appearances — A super PAC affiliated with Sen. Ted Cruz reported receiving $215,000 in “digital revenue” from iHeartMedia on Wednesday …
Discussion:
Zach Everson on LinkedIn


How advertisers are trying to tie their ads to business outcomes, like a purchase, instead of ratings: in November, Fox guaranteed Netflix social media activity — Nearly every commercial that runs on TV is backed by a guarantee of how big an audience will watch it.
Discussion:
Brian Steinberg on LinkedIn