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Tech

Truth Social stock price surges, increasing Trump’s fortune

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The parent company of Truth Social, Donald Trump’s much-anticipated social media venture, made its debut on the stock market.

  • Truth Social’s parent company debuts on stock market with a market value of approximately $6.8 billion.

  • Shares of Donald Trump’s social media venture jump by around 30% on their inaugural trading day.

  • Decision on when Trump can access his estimated $5 billion stake rests with the board, comprising his son and former cabinet members.

This long-awaited milestone was met with fervor from investors, with shares of Truth Social‘s parent company soaring by approximately 30% on their first day of trading.

The surge in stock price not only reflects investor optimism surrounding the platform but also marks a significant uptick in Trump’s personal wealth, given his substantial stake in the company, estimated to be around $5 billion.

READ MORE: Trump’s Truth Social begins trading under DJT ticker

However, the pressing question remains: when will Trump be able to capitalise on his sizable investment in Truth Social.  The answer lies in the hands of the board of directors of Truth Social’s parent company.

Comprising a notable lineup, including Trump’s own son, three former members of his administration, and a former congressman deeply involved in defending the former president during his first impeachment trial, this board holds the authority to determine the timing of Trump’s access to his stake.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Tech

Trump retreats in tech war with China – But why?

Trump reverses software rule for semiconductors; is the U.S.-China tech war calming? Insights from Brad Gastwirth.

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Trump reverses software rule for semiconductors; is the U.S.-China tech war calming? Insights from Brad Gastwirth.


In a stunning shift, the Trump administration has reversed a key rule restricting U.S. software used to design semiconductors.

Is the tech war with China cooling? Or is this just a calculated pause?

We ask Brad Gastwirth about the role of rare earths, diplomacy, and what it means for global chipmakers.

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#TechWar #ChinaTrade #Semiconductors #TrumpPolicy #ChipMakers #EDA #BradGastwirth #TickerNews

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Qantas cyber attack affects six million customers’ data

Qantas reports cyber attack affecting up to six million customers, compromising personal data but not financial details.

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Qantas reports cyber attack affecting up to six million customers, compromising personal data but not financial details.

In Short:
Qantas confirmed a cyber attack affecting up to six million customers, compromising personal information like names and email addresses, but not financial details. CEO Vanessa Hudson apologised and reassured that operations remain safe, while urging customers to utilise online security measures.

Qantas has confirmed that up to six million customers have been impacted by a significant cyber attack.

The airline stated that while passport and financial details were not compromised, hackers accessed personal information including names, email addresses, frequent flyer numbers, and dates of birth.

Suspicious activity was detected on Monday concerning a third-party platform utilized by Qantas contact centres. The airline acted immediately to contain the breach, asserting that operations and safety remain untouched.

Qantas specified that credit card information, financial data, and passport details were not stored in the compromised system. No frequent flyer accounts, passwords, or PINs were affected.

Qantas can confirm that a cyber incident has occurred in one of its contact centres impacting customer data. The system is now contained.

We understand this will be concerning for customers. We are currently contacting customers to make them aware of the incident, apologise and provide details on the support available.

The incident occurred when a cyber criminal targeted a call centre and gained access to a third party customer servicing platform.

There is no impact to Qantas’ operations or the safety of the airline.

Chief executive Vanessa Hudson apologised to customers and ensured collaboration with various cybersecurity authorities, including the Australian Cyber Security Centre and the Federal Police.

Hudson acknowledged the anxiety this incident may cause, affirming their commitment to customer data protection. Qantas is in the process of reaching out to affected customers to offer support.

The cyber attack follows similar incidents affecting other airlines, underlining the ongoing risks to travel companies.

A government spokesperson recommended that customers contact Qantas for assistance and suggested basic online security measures such as updating software, using strong passwords, and enabling multi-factor authentication.

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Meta wins court case over AI copyright

Meta wins court case, ruling AI training on copyrighted content qualifies as “fair use” and transformative. #Meta #AInews #Copyright

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Meta wins court case, ruling AI training on copyrighted content qualifies as “fair use” and transformative. #Meta #AInews #Copyright


Meta has scored a major courtroom victory in the ongoing legal battle over whether AI models can be trained on copyrighted content.

A U.S. federal judge ruled that Meta’s use of books and creative works to train its LLM (Large Language Model) is protected under the “fair use” doctrine, as its purpose was “transformative” and not designed to compete with the original authors.

#Meta #AInews #Copyright #TickerNews

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