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7:35 PM ET, April 24, 2024

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 Top News: 
Lauren Feiner / The Verge:
President Biden signs the ByteDance-TikTok divest-or-ban bill into law, after the Senate passed it by 79-18; the House passed the legislation 360-58 on April 20  —  The divest-or-ban bill is now law, starting the clock for ByteDance to make its move.  The company has an initial nine months …
Discussion: CNBC, Wall Street Journal, Morten Rand-Hendriksen on LinkedIn, @tiktokpolicy, Washington Post, The White House, Bloomberg, The Guardian, New York Times, CNN, Sydney Morning Herald, India Today, @alexheath@threads.net, DJ Mag, @jw@threads.net, @hankgreen, Dexerto, @cinemasai_, @maxwinebach, @adamkovac, Tom's Guide, @yashar, @themaxburns, Bloomberg, Wall Street Journal, KnowTechie, Android Authority, @ldrogen, Neowin, @mattontech@mastodon.sdf.org, Semafor, Benzinga, NBC News, @alexbarinka, Newsweek, @rlheinrichs, Florida Politics, Mothership.SG, @tomwarren, Digital Music News, @munster_gene, @kyurieff, PetaPixel, @deedydas, @potus, @lanceulanoff, @blackleftaf, BGR, @michaelsobolik, Business Insider, @aripap, Variety, Engadget, Social Media Today, TechCrunch, @repdancrenshaw, Total Telecom, @alexgrayforok, Rolling Stone, The Independent, 9to5Mac, XDA Developers, @jameeljaffer, The Information, @michaelsobolik, Financial Times, @viacristiano, Mastodon, Infosecurity, Forbes, @nathanleamerdc, @djvlad, London Evening Standard, @jeromysonne, Politico, @viacristiano, @michaelsobolik, Silicon UK, Kiplinger.com, Music Business Worldwide, @kellymakena, @therecount, @ezeekat@threads.net, Comic Book, Wired, @drjessmaddox, Far Out Magazine, Australia & World, @deanbaker13, KnowTechie, @alyssafarah, Semafor, PR Daily, @aghamilton29, Android Police, GSMArena.com, @steventdennis, Android Headlines, PCMag, Tubefilter, Axios, @tiktokpolicy, @mtracey, Bloomberg, @ddimolfetta, One Man & His Blog, The Guardian, @carnage4life, @mkraju, @brendancarrfcc, @danprimack, Android Headlines, Fast Company, AppleInsider, ComingSoon.net, The Daily Beast, CNN, The Indian Express, Reuters, @NeoNacho@mastodon.social, The Daily Beast, Neowin, Wired, The Register, Engadget, The Wrap, GB News, Mumbrella, Gizmodo, MediaPost, South China Morning Post, New York Daily News, The Hill, The Verge, CBS News, r/politics, r/popculturechat and Beehaw, more at Techmeme »
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Alex Barinka / Bloomberg:
Biden signing the TikTok divestment bill starts a 270-day countdown for a sale or a US prohibition; sources say ByteDance sees divestiture as a last resort  —  - China's ByteDance faces deadline to sell app under new US law  — Company braces for legal fight against divest-or-ban efforts
Foo Yun Chee / Reuters:
TikTok is suspending the rewards program in TikTok Lite while it tries to resolve EU concerns about the potentially addictive nature of the program for children
Casey Newton / Platformer:
Legal scholars discuss how the TikTok divestment bill could survive a First Amendment challenge and why the US will likely rely on a national security argument
Meta Investor Relations:
Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B for March 2024  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2024.
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Ashley Capoot / CNBC:
Meta's stock drops 15%+ as the company issues a light Q2 revenue forecast and higher FY 2024 capital expenditures due to increased AI infrastructure investments  —  Mark Zuckerberg, CEO of Meta, testifies during the Senate Judiciary Committee hearing titled “Big Tech and the Online Child …
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Murray Stassen / Music Business Worldwide:
Warner Music Group sells Uproxx, HipHopDX, and other assets to a new company, Uproxx Studios, formed by Jarret Myer, Rich Antoniello, and will.i.am  —  In February, Robert Kyncl - CEO of Warner Music Group - confirmed that WMG was in active discussions to sell its ‘owned and operated’ media properties UPROXX and HipHopDX.
Winston Cho / The Hollywood Reporter:
The FTC bans noncompete clauses that restrict job switching, potentially complicating hiring in Hollywood as firms try to protect trade secrets and other info  —  The FTC on Tuesday voted to prohibit noncompete provisions in contracts, which could usher in a sea change to worker mobility …
Tom Jones / Poynter:
How the Columbia Daily Spectator, the independent student newspaper of Columbia University, is covering the tense protests over the Israel-Hamas war  —  The Columbia Daily Spectator has expertly documented tense protests over the Israel-Hamas war inside and outside the campus.
Will Sommer / Washington Post:
The founder of The Gateway Pundit says its parent company is filing for Chapter 11 bankruptcy, as it faces lawsuits claiming it promoted bogus election claims  —  Gateway Pundit, the popular far-right blog, is filing for bankruptcy as it faces lawsuits alleging it promoted bogus claims …
Manish Singh / TechCrunch:
Indian streaming service JioCinema launches an ad-free subscription plan with the lowest tier costing $0.35/month for a single device, undercutting rivals  —  JioCinema, the popular Indian on-demand video streaming service, introduced a new monthly subscription plan on Thursday, with the lowest tier costing just 35 cents.
E. Alex Jung / New York Magazine:
A profile of Mehdi Hasan, whose aggressive interviewing helped him get an MSNBC show, as he now embraces the “canceled” label to launch his Zeteo substack  —  Mehdi Hasan's aggressive interviewing style landed him a Sunday show on MSNBC.  Until he started talking about Palestine.
 
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 Earlier Picks: 
Max Goldbart / Deadline:
The UK's Channel 4 commits to make more shows outside England, after calls to increase its quota to make 9% of shows in Scotland, Wales, and Northern Ireland
Daniel Thomas / Financial Times:
Ofcom warns UK broadcasters on the importance of impartiality ahead of the general election, but stops short of outright banning using politicians as presenters
 

 
From Techmeme:

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson will retire, and Jennifer Newstead, Meta's former chief legal officer, will replace Adams

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

A.J. Vicens / Reuters:
US and Canadian authorities warn that Chinese hackers are using the Brickstorm malware to install backdoor access within unnamed government and IT entities
 
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