FTX CEO Sam Bankman-Fried denies the report, saying no offer has been made. Robinhood shares jumped 14% to their session high after the report. The trading app's stock has dropped 48% this year amid shrinking revenue and declining users.
Former U.S. President Donald Trump claimed he received a call from Apple CEO Tim Cook regarding fines imposed by the European Union (EU). Trump revealed this information during his appearance on the PBD Podcast.
Social media platform X has announced changes to its privacy policy that will allow it to provide user data to third parties for AI model training purposes. The policy, set to take effect on November 15, 2024, is expected to pave the way for external companies to purchase X's data in the form of licenses. The new policy introduces a "third-party collaborators" section, but the specific methods for users to opt out of data sharing remain unclear. This move is seen as a potential new revenue stream for X, which has experienced a decline in advertising revenue. Meanwhile, X has also strengthened penalties for 'scraping', the unauthorized collection of large numbers of tweets. The company has decided to impose a fine of $15,000 for accessing more than one million posts per day. X's owner, Elon Musk, has maintained a tough stance on scraping, and this policy change appears to reflect his attitude.
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