Tech
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Elon Musk Spikes $44 Billion Deal to Buy Twitter, Legal Action Threatened
Social media platform’s board responds by threatening legal action
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Why TikTok Will Likely Remain on App Stores Despite Pressure From the FCC
The short-form video platform may make changes, but there’s little the federal agency can do to regulate its removal by Apple and Google, experts say
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Media
Available to WrapPRO members
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What to Expect as Media Moguls Head to Sun Valley Amid Epic Tumult and Opportunity
Will harsh economic times dampen deal-making enthusiasm at the annual Allen & Co. conference? Don’t count on it, experts tell TheWrap
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Media
Available to WrapPRO members
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Google Announces Plan to Delete User Location History at Abortion Clinics
SVP Jen Fitzpatrick wrote that the change will “take effect in the coming weeks”
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5 Ways TikTok Stars Are Reshaping the Creator Economy
Short-form video is dominating and everyone from tech to media to Hollywood is spending generously for a way in
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Media
Available to WrapPRO members
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Substack Lays Off 14% of Workforce as CEO Says Market Is ‘Increasingly Uncertain’
Read Chris Best’s full note sent to employees today
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YouTube Commands Two Thirds of the Video Ad Market – for Now | Charts
The video platform dominated the $14.8 billion in ad spending last year, but TikTok is a rising competitor
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TV
Available to WrapPRO members
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Trump’s SPAC Deal in Jeopardy After New York Grand Jury Subpoenas Company’s Entire Board
The company, Digital World Acquisition Corp., confirmed the news in a recent SEC filing
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Activision Blizzard Shareholders Defy Board, Vote for Public Report on Workplace Misconduct
Annual report would include number of pending sexual abuse, harassment or discrimination complaints and how much is being spent on settling misconduct claims
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Elon Musk Takes Questions From Twitter Employees: ‘Exceptional’ Staffers Could Remain Remote
The billionaire’s purchase of the social-media platform is still pending two months after he announced intentions to buy it
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Spotify Aims to Double Users to 1 Billion, Boost Ad Revenue to $10 Billion
Audio platform introduces streaming ads and expands audience network for content creators
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Kara Swisher to Leave The New York Times, Will Rejoin Vox Media for New Podcast
The new show will be a companion to Swisher’s “Pivot” podcast
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What Meta’s Next Chapter Will Look Like Without Sheryl Sandberg | Analysis
“She brought rigor and structure to balance Mark’s creativity. She brought gravitas to counter Mark’s occasional recklessness,” Elixirr partner Iliya Rybchin says
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Tech
Available to WrapPRO members
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Sheryl Sandberg Steps Down as COO of Facebook Parent Meta After 14 Years
“Lean In” author, who joined Facebook in 2008, will continue to serve on company’s board of directors
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Shareholder Lawsuit Accuses Elon Musk and Twitter of Late Disclosures, False Statements and Market Manipulation
Complaint claims Musk’s late disclosure saved him $156 million
