Company announces plans to sell additional shares as Trump Media stock crashes

Former President Donald Trump’s social media company saw a 12% drop in shares on Monday due to a regulatory filing stating the potential sale of millions of additional shares. This resulted in a further decline in stock prices.

The filing revealed that 146.1 million shares of Trump Media & Technology Group could be sold, including 114.8 million owned by Trump himself. Additionally, 21.5 million shares could be sold through warrants issued during the company’s merger with Digital World Acquisition Corp.

Since its market debut on March 26, parent company Truth Social has seen a 60% decrease in stock price. Trump is currently unable to sell any of his shares due to a lock-up agreement until September, tying his wealth to the company’s value. If the price remains stable, he stands to make significant profits from the stock.

On the same day, Trump, the presumed 2024 Republican nominee, began a criminal trial in Manhattan facing 34 felony charges related to falsifying business records in connection to payments to Stormy Daniels. This marks the first criminal trial of a US president and is expected to continue for about six weeks.

Trump is currently under financial strain due to various legal battles over the past year, owing approximately $500 million from civil cases. Trump media has received support from some of his major political donors, providing a lifeline for him to pay off his debts.

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Recently, Democratic advocacy groups urged Congress to investigate Trump Media due to suspicious activities. In early April, two Florida brothers pleaded guilty to insider trading linked to the social media company. Additionally, reports suggest that the company is relying on loans from a Russian-American businessman facing federal investigations for money laundering and insider trading.

Source: www.theguardian.com

“Why Social Media is Spiraling Out of Control: Conspiracies, Monetization, and Weirdness” – Nesrin Malik

There’s a brief clip on TikTok where HRH Princess of Wales discloses her cancer diagnosis, while an AI voiceover suggests it’s a “faulty ring.” The video has amassed 1.3 million views. Other videos analyzing and distorting aspects of this clip have also gained millions of views and shares. These videos have surfaced on X (formerly known as Twitter) and have been shared via WhatsApp by friends and family, presented as factual reports without any indication of being internet rumors.

Something has shifted in the way social media content is curated. It’s a significant yet subtle transformation. Platforms that were once distinct in content types now overlap. Instagram Reels now features TikTok videos, and TikTok videos from Instagram Reels also appear on X. The algorithms seem to create a closed loop, steering us away from deliberate choices in who we follow. Every social media app now has a “For you” page displaying content from non-followed users, making it challenging to control our feed.

With increasing loss of control over our feed, social media platforms have turned into competitive attention markets. Content creators often subtly promote products through their recommendations, earning commissions on user purchases. The content that garners high engagement, like conspiracy theories, becomes lucrative. Online conspiracy theories vary in nature and source, from sensational to sober, infiltrating our feeds.

Social media has evolved from a personal platform to a lucrative profession for content creators. Videos and tweets going viral can significantly increase a user’s earning potential, follower count, and attract brand partnerships. However, this monetization model costs users their agency and shifts the focus towards generating revenue for the platform.


Traditional media tends to downplay social media manipulation and avoids hard questions. Tabloids and right-wing media have long spun news stories for clicks and shares, especially concerning celebrities and royals. The dynamic between the palace, media, and public opinion has shifted, as social media now challenges the traditional mediation of who to love and hate among royals.


Social media has become a complex arena where commercial players imitate and challenge legacy media, driving misinformation and chaos. The shifting landscape of social media engagement poses new challenges for understanding and accountability, going beyond simplistic explanations of user morality.


  • Do you have an opinion on the issues raised in this article? Click here if you would like to email your answer of up to 300 words to be considered for publication in our email section.

Source: www.theguardian.com

Readers Discuss the Uphill Battle to Preserve Physical Media in the Face of Rising Rental Space Costs

Necessary due to space constraints

In my family, we have developed a habit of ordering affordable DVDs whenever we discover a show or movie that we know we want to watch again (which is a trick in itself!).

Towards the end of 2020, when I relocated to a new apartment in another area of Seattle, I ended up disposing of a trash bag full of VHS tapes. While it was inevitable due to spatial constraints, I had a strong feeling that I might regret it. A sudden shift in the TV landscape where channels started charging viewers for access to old content (from Jaws to Airplanes to classic dramas) literally overnight caught us off guard. We hadn’t anticipated such a rapid change. mountain aspect

In the end, it will become a future landfill site.

I enjoy the concept of having a DVD collection and perusing its shelves like a rental store.

However, I can’t shake off the realization that most of the valuable possessions we accumulate will eventually end up in future landfills, left for future generations to grapple with. I am also keenly aware that at some point, I will either have to take on the responsibility of disposing of and redistributing my various interests, or pass the task on to a close relative. In that sense, the thought of owning even a modest DVD collection extensive enough to cover all bases fills me with dread. I think of my grandparents and the boxes they amassed over their lifetimes, destined for disposal in the dump, their parents’ attic, or the charity shop. TypeON negative

There’s a significant disparity in quality…

I may be considered a Luddite, but I’m not particularly captivated by this trend of streaming.

I recently watched a movie on Disney+. Newer movies often exhibit overly dark visuals (a complaint echoed by several acquaintances). Older films are frequently displayed in incorrect proportions or feature subpar soundtracks. My son has recently subscribed to Prime Video mainly for the TV shows but has yet to explore the movie offerings. For some reason, I harbor doubts about being able to find the movie I wish to watch.

Fortunately, we still have a local HMV store. Nothing beats the experience of strolling there, browsing around for an hour or so, and selecting a Blu-ray. The disparity in quality between watching movies via streaming and physical media is quite pronounced. “After Hours”, “Eraserhead”, “Boogie Nights”, “Naked”, “The Conversation”, “The Passengers”… While casual movie enthusiasts may indulge in a Netflix binge, more dedicated film fans prefer a shelf stocked with physical media. man without fear

A bustling video store in 2009. Photo: Bloomberg/Getty Images

This current phase is the worst

Rental spaces will once again thrive, though it may take time, bringing a sense of nostalgia for some and a fresh experience for others. As mentioned in the article, there is a resurgence fueled by the revival of vinyl records. The more enthusiasts of the original content and the younger generation realize that they can’t access the authentic material, the more the market will adapt. However, this phase is undoubtedly the most challenging, especially with streaming services pulling titles in multiple directions. Mr username 2014

the hype is real

I recently canceled my streaming subscription and started collecting “final format” 4K Blu-rays.

The hype is justified. The quality is exceptional, with no discernible drop in visual and audio quality that can happen with streaming. Some discs are particularly well-optimized for the format. Oppenheimer is a prime example (using high-quality headphones and viewing on a 4K disc makes for a very satisfying 3-hour experience). The advent of Villeneuve is also commendable.

As a gamer, I rarely have time to dedicate to playing for more than 20 hours nowadays, so having a PS5 gives me something to engage with. blue jay 2011

Household finances are stretched

Speaking personally, I believe the streaming industry will eventually rue its efforts to lock in customers. Unfortunately, household budgets are tight, and the cost of subscribing to streaming services adds up. And it’s not just me – there are numerous services vying for attention, leading to decision fatigue.

When movies and similar content are sold on DVD or Blu-ray, the consumer is committing to a one-time purchase. As a result, these companies, and the film industry as a whole, may end up forfeiting a significant portion of their downstream revenue while also being under pressure to ensure customer satisfaction. As this discussion underscores, many of us still yearn for the ability to purchase movies in physical formats. buzz 2023

I have reverted

Honestly, I shifted to streaming platforms for movies and music for a while, but I found myself reverting back. Not only did the platform remove content I desired (movies and shows), but (especially when it came to music) changing platforms essentially meant I was “purchasing” music when I wasn’t truly owning it. I decided to change my approach. I lost money and didn’t actually possess my music. Because I had never truly bought the music in the first place, my wallet disagreed with the arrangement. That realization made me uneasy about the entire situation. Additionally, DVDs turn out to be much more cost-effective to own. Beacon of Hope Discount

very cluttered

It’s quite cluttered. I keep the CDs in a disc folder and discard the cases. While some may consider it sacrilege, it’s a satisfying compromise for me. Seven Highter

I’m not fixated on the format

Having films in digital format is too convenient for me to go back to physical formats. I do, however, continue to buy DVDs and Blu-rays of movies that aren’t digitized, but it’s a hassle to remove the DVD from its case, go to the DVD player, and start it up. …With digital media, you can initiate a movie in moments, regardless of your location. I’m not hooked on any particular format or medium. The main desire is to be able to watch our favorite movies whenever and wherever we want, and digital media is the best option for that. bf_Silver Town

I wasn’t intrigued until DVDs were introduced

Collecting movies was never as popular as amassing books or music (CDs, records, tapes). I had no inclination toward it until DVDs made their debut.

What I miss about the rise of physical media is the ability to visit someone’s home, peruse their collection of books, records, and DVDs, and discover their diverse interests. It’s a conversation starter. Jifujiji

DVDs on display in HMV stores in London. Photo: David Levin/The Guardian

Biggest film loss since the fires in the old studio vaults

We are witnessing the greatest loss of films since the fires that ravaged the old studio vaults. While some may argue that inaccessible films still exist somewhere, what if no one is able to view them?

Furthermore, digital formats are subject to frequent changes. Eventually, all digital copies of films will become obsolete. Will Disney or any other entity go to the lengths and expense of transferring all their popular movies to a new format? Possibly.

But will they undertake the arduous and costly task of migrating thousands of potentially forgotten films that haven’t seen the light of day in years and are buried in long-unused databases? Highly unlikely. son of the desert

I no longer live like an obsessive hoarder

Two years ago, I donated thousands of DVDs and Blu-rays to charity shops. I’ve abandoned the life of an obsessive hoarder and now find more peace of mind. With numerous old and new titles to watch, there are discs in my possession that I’ve never viewed in decades, some of which I’ve even given away while still in their original shrink wrap. Had streaming been available 30 years ago, it might have paid off my mortgage. R Gouveia

Film production courses

One of the reasons I’ve bought and continue to purchase numerous DVDs over the years is for the bonus content such as director commentaries, behind-the-scenes features, and interviews with cast and crew. While David Fincher’s “Seven” may be available on some random streaming service, the DVD’s commentary track alone is a treasure trove for film enthusiasts. sagarmatha 1953

DVDs are delicate and not everlasting

I still retain all my DVDs and am actively acquiring new ones. Many movies are not consistently available on streaming services, if at all, hence retaining them as physical media is crucial. The only challenge is that DVDs are susceptible to damage and cannot stand the test of time. The same can be said for DVD players. I’ve contemplated buying a new DVD player as a backup. While I do utilize a streaming service, it often has limited offerings and I struggle to find what I’m looking for, particularly when it comes to “older” movies from the 1920s, 1930s, and 1970s. Recently, I revisited the original “Ladykillers” – the remakes just don’t compare. about

It’s not an either-or situation

For me, it’s not about choosing one over the other. Streaming (via the usual platforms) has its place. It allows for discovering new movies or trying something different. Physical media, on the other hand, enables me to build my collection of movies that I can’t stream or that I prefer to own while watching them again. iron moog 007

“Medal of Honor of the Rich”

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The Power of Positive Male Role Models in Transforming the Social Media “Manosphere” | Social Media

I
Influencers like Andrew Tate have become synonymous with “toxic masculinity,” using a combination of motivational scoldings, fast cars, and demonstrations of sexual prowess to appeal to large audiences of young men and boys. It’s attracting.

But what about the other side of the coin? Are people creating content with healthier messages for the same audience? Or maybe men and boys simply don’t want to hear it? Or?

Jago Sherman, head of strategy at Goat Agency, an influencer subsidiary of marketing giant WPP, says: -Love, self-expression, fighting knife crime, education, but they don’t always make the headlines.



“People like Andrew Tate are using social media to make far-reaching and far-reaching unsubstantiated claims, as if they are providing a ‘quick-fix’ answer to a very complex problem. The problem, of course, is that these statements are most often not true, or are opinions disguised as facts.

In a social environment where creators compete for attention, this ‘shock factor’ content that can be consumed and understood very quickly can sometimes perform better than longer, thought-provoking, neutral content.

Against this backdrop, Labor last week announced plans to promote a more positive vision of masculinity. According to the proposal, schools would develop leaders from their own students who would help counter the misogynistic vision promoted by Tate and others, as well as be more critical of what they see on screen. Students will be supported to explain their analysis skills in class.




Andrew Tate has been described as appearing to provide “off-the-cuff answers to very complex problems”. Photo: Robert Ghement/EPA

Some men who give a more positive vision of masculinity have already broken out and become famous in their own right. Fitness influencers like Joe Wicks, whose career began with his Instagram posts as The Body Coach, may not attract teenage boys with their lewd content. Simple advice delivered in a friendly, almost relentlessly cheerful manner can still garner millions of followers.

Perhaps the biggest symbol of this more assertive approach to masculinity is the philanthropic work of Russ Cook, known to many as Instagram’s biggest geek. If all goes to plan, he will complete his year-long attempt to cross the continent from tip to toe, ending in April. Mr. Cook raised around £200,000. running charity and sand blast and amassed nearly 1 million followers across his various social platforms, conclusively proving the appropriateness of his username in the process.

But there’s an asymmetry in some of the debate around toxic influencers, said Saul Parker, founder of. good side, we work with charities and brands to help them achieve their positive goals. While young women are encouraged to seek out positive role models for their own benefit, young men are often encouraged to seek out positive role models in order to treat women better. It risks ignoring the harm that harmful influencers can cause to boys and young people themselves, and undermines efforts to encourage them to find better people to learn from.

“There’s a generation of men who have been born into very difficult conversations about patriarchy and its impact on women’s lives,” Parker says. “As a result, they’re in a place where they feel like they’re third-class citizens. And accepting that young men are having a bit of a hard time and needing help is difficult, especially on the left. It’s very difficult.”


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Because focusing on misogyny rather than the broader message of traditional masculine norms in which the “manosphere” thrives risks overshadowing a second generation of post-Tate pernicious influences, this is important. Through repetition, the boys learn that repeating the casual misogyny of someone like Tate in public is bad, and when asked, they say they don’t like the way he talks about women, but say, “Other things.” often insist that you just listen to him.

“David Goggins is the kind of guy we’re facing right now,” Parker said. “He’s a former Navy SEAL, he’s a huge influence on every social platform, but he and all his… The content is about ‘self-discipline’ and ‘self-motivation.’ He tells me things like ‘wake up in the morning,’ ‘go to the gym,’ ‘take a cold shower,’ and ‘be a man,’ but he never talks about women or sex.”

“Taking women out of the equation doesn’t make it any less of a problem. He just doesn’t have anything nasty to say, so it’s hard to find sharp points.”

In other words, attracting boys to a more positive vision of masculinity does not happen by default. But neither should lose hope. There is nothing inherent in childhood experiences that only stick with toxic messages, and with a little work, better role models can develop.

Source: www.theguardian.com

Google filed a lawsuit against European media group for $2.3 billion over digital advertising losses

Google, a subsidiary of Alphabet Inc., is facing a 2.1 billion euros ($2.3 billion) lawsuit from 32 media groups, such as Axel Springer and Schibsted. The media groups are alleging losses due to Google’s practices in digital advertising.


The lawsuit comes as antitrust regulators are tightening the grip on Google’s advertising practices. It was initiated by publishers from various European countries like Austria, Belgium, Bulgaria, and more, accusing Google of creating a less competitive market due to its illegal conduct.

The media companies’ lawyers, Geradin Partners and Steck, stated that the losses incurred by the publishers could have been avoided if Google hadn’t abused its dominant position. This could have led to higher advertising revenues for the media companies and lower fees for ad tech services, ultimately benefiting Europe’s media landscape.

The lawsuit is supported by previous actions taken against Google, such as the French competition authority’s fine in 2021 and the European Commission’s complaint last year. Analysts predict that Google may need to adjust its practices and pricing due to increased regulatory scrutiny.

A spokesperson for Google dismissed the lawsuit as “speculative and opportunistic,” emphasizing the company’s collaboration with European publishers to enhance their advertising tools.

Despite Google’s disagreements with antitrust violations, publishers worldwide have expressed concerns about Big Tech’s dominance in advertising and the subsequent decline in their revenue share. Google remains the leading digital advertising platform globally.

The group of media companies chose to file the lawsuit in Dutch courts, citing the country’s reputation for handling antitrust claims effectively in Europe. Companies like Krone, DPG Media, TV2 Danmark A/S, and others are part of the collective seeking legal action against Google.

Source: www.theguardian.com

Prohibiting social media use for children does not address the root issues.

When considering the most effective way to protect children’s mental health, the idea of banning social media often comes up. Recent events in the UK, such as the tragic murder of Brianna Gee, have reignited discussions on the dangers of social media for children. However, scientific evidence does not strongly support the notion that social media directly causes mental health issues in children.

Social media has been around for quite some time and has brought many positive aspects to the lives of young people. It allows them to connect with others, pursue their interests, and show support in times of tragedy. Studies have shown that increased social media use does not necessarily decrease life satisfaction for most children.

While it may seem that social media is linked to a decrease in life satisfaction for some adolescents, the opposite is not always true. Evidence supporting the idea of social media addiction in children is limited. Without a clear causal relationship between social media use and mental health issues, banning social media for children may not be the solution.

Are most children addicted to social media and smartphones?

Using the term “addiction” in reference to social media and smartphone use may be misleading. While some children may develop bad habits related to their use, it does not necessarily constitute a true addiction. Weaning children off social media is often easier than addressing addictive behaviors related to substances.

Is it possible that a social media ban will actually be enforced?

Enforcing a ban on social media for children poses many challenges, both legally and morally. Children have rights to access and enjoy social media, and restricting their access may infringe on these rights. Past attempts to ban social media use, such as South Korea’s “Cinderella Law,” have shown limited effectiveness in improving children’s well-being.

How can children develop a healthy relationship with screens?

As parents, it is important to guide children in developing a healthy relationship with screens, including social media. Teaching them to self-regulate their behavior and manage their screen time can prepare them for adulthood. Simply banning social media may not address the underlying issues of human behavior and the attention economy.

Source: www.sciencefocus.com

Can Banning Smartphones and Social Media Help Protect Young People from Online Dangers?

The members of the WhatsApp group ‘Smartphone Free Childhood’ advocate for banning under-14s from owning smartphones and preventing under-16s from accessing social media to protect them from the dangers of the internet. However, believing this is the solution is unrealistic. Announcement (“Crazy: Thousands of UK parents join in quest for smartphone-free childhood”, February 17).

It is a parent’s responsibility to provide a safe environment for their children and teach them how to safely navigate the internet. Just like roads can be dangerous but we don’t ban cars, teaching children internet safety is crucial. Building open and honest relationships and setting boundaries at home will help young people understand internet dangers better than blanket bans. Making social media “adults only” may backfire and make it more tempting for children. They may also be less likely to seek help if they encounter inappropriate content.
stuart harrington
Burnham-on-Sea, Somerset

As seen in cases like Brianna Gee’s, giving children smartphones can have negative consequences. However, we should consider the benefits and drawbacks of smartphone access. I personally benefitted from having a smartphone in school for various tasks like using apps for transportation, news, and communication. While parental controls and monitoring are essential, smartphones have many positive uses. It is important to adapt to the changing online threats and promote more parental supervision.
oscar acton
Merton, County Durham

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Source: www.theguardian.com

Verdane invests $65 million in media monitoring startup Meltwater

melt waterwhich first made its name in media monitoring and has since become active in business intelligence using AI and big data analysis techniques, is welcoming new investors. VardhanThe Norwegian private equity firm, which earlier this year closed a more than $1 billion fund to invest in the expansion of high-tech companies, acquired an 11% stake in Meltwater, valuing the company at €542 million. 92 million dollars), with a stock value of approximately 542 million euros (approximately 592 million dollars). $65 million. But that’s not the only sticking point in the deal.

The investment will be made through Verdan, which will acquire a significant stake in Fountain Venture, an investment vehicle controlled by Meltwater’s founder and current chairman, Jørn Risegen.

Meltwater was listed on the Norwegian Stock Exchange until early this year.Mr. Risegen oversaw the company’s taking private. early this year The remaining stake was held through Fountain in a deal with two private equity firms, Alter and Merlin. (This go-private deal was the last disclosed valuation and the one currently cited by Meltwater.) Verdhan invested in Fountain Venture rather than directly in Meltwater. This is because, in partnership with Fountain, we plan to jointly invest in startups active in the following areas in the future. love.

Joakim Kaempferd, president of Verdun, said the partnership will also allow the company to acquire a stake in HR firm Jobilon, but Meltwater has much larger assets.

“The trade here is really a portfolio trade,” he said. “We have acquired Mr Jorn’s investment company and have an implied direct stake in Meltwater and Nordic recruitment company Jovilon, with Meltwater being the largest asset in our portfolio.” Jovilon’s current ARR is approx. 5 million euros, but Meltwater, which was founded in Norway but is now headquartered in San Francisco, has an ARR of about 500 million euros, he added.

The deal highlights several important themes in Europe’s technology industry and the world of venture capital.

The first is the fact that tech companies continue to put significant pressure on their valuations. Meltwater’s current market cap is just under $600 million, which is actually less than the funding the company raised over the years (more than $700 million) when it was a private startup. pitch book data), and less than half of its valuation when it went public in December 2020 at more than $1 billion.

The second is the nature of the trade at the moment and the efforts investors are making to avoid risk. The European market is particularly tight at the moment. Venture capital firm Atomico conducts deep research into Europe’s funding landscape each year (along with a number of third-party research firms and other companies participating in the ecosystem), and estimates that funding will be halved in 2023. It turned out that That has fallen to just $43 billion, with private equity firms participating more heavily in deals to make up for the decline from VCs.

In this context, it is noteworthy that Verdane chose to invest in Fountain Venture rather than directly in Meltwater. This would give Verdan a stake in Meltwater, as well as Jovilon and any other stake that Fountain and Lysegen might be interested in. Then you lose the leverage of focusing on just one business. Verdane itself has only recently begun spreading its wings into investing in startups across Europe and beyond. Partnering with a partner to help lead the way is a much lower-risk approach to more ambitious initiatives.

From a technology perspective, companies like Meltwater are at a crossroads these days. The company’s roots lie in humans physically sifting through stacks of newspapers every day, cutting out the parts that mention company names, collating them, and sending them to their customers so they can better track their status. It probably came from business. It was featured in the media.

The decline of print media digitized that effort, but then the rise of social media turned it into a broader game, sentiment analysis, where words became structured and usually unstructured data. Ta. The influx of a whole new set of tools to glean insights from data has turned a media challenge into a technical challenge. Meltwater built his AI in-house and acquired a series of companies in his analytics integration efforts. (The most high-profile of these acquisitions was undoubtedly DataSift, a groundbreaking company that was an early Twitter friend of his and used to monetize Twitter’s firehose.) has worsened.)

But now it has a much bigger competitive threat. Companies like OpenAI and generative AI innovations will once again change the game from a search (consumer and business) perspective and how all kinds of business intelligence work is performed.

Unsurprisingly, Lyseggen said Meltwater’s focus feels like a throwback to what is essentially a solved problem, although it could well be made more efficient by competitors. Despite this, we believe there are further opportunities for our company.

“I see OpenAI’s ChatGPT as the ‘Netscape moment’ that ushered in this new era,” he said. This is interesting. Although Netscape isn’t part of what we use today, it certainly changed the way the world searches for information. “AI is changing the game as players challenge the old guard. We think Meltwater’s tech stocks are already the most modern and AI-centric of its category. We’re going to continue to do that and we’re really looking forward to it. We’re working very hard.” Meltwater today announced that it produces approximately 1 billion daily transactions for its communications, marketing and PR clients. announced that they were analyzing the document.

Source: techcrunch.com

Minister Says Ban on Social Media for Under-16s Should Be Considered Due to Potential Harm, Despite Being Speculative

A ban on social media use for under-16s has been branded “speculative”, but the government must “continue to consider” the need to protect children, the minister said.

Science Minister Andrew Griffiths dismissed “speculative” reports that some young people’s access to social media could be restricted as part of a “potential consultation” into the issue.

Ministers are reportedly discussing the impact of sites such as TikTok and Instagram on young people’s wellbeing, with future plans potentially forcing them to get parental permission before using social networks. It is said that there is a sex.

Asked by Sky News whether such a proposal could be enforceable, Mr Griffiths said: “Well, we’re just talking about speculation.”

He said the government had already passed online safety laws that would “make activities that were illegal offline illegal online.”

Latest politics: Businesses face ‘period of uncertainty’ over Home Office visa changes

But he went on to say that social media has had “real harm” as well as “good”.

“As a parent myself, I understand that parents feel a very strong need to protect their children from the evils of society that have been prevalent on social media in the past,” he said.

“We have already taken action and it is right to continue to consider it. I don’t think we can ever say the job is done.

“That is speculation about the possibility of talks taking place in the new year.”

Asked whether talks were taking place, he said: “I don’t think any of us know what’s going on and I’m not going to comment on any further talks at this point.”

The Online Safety Act was passed in October and aims to make the UK “the safest place online in the world”.

Under this law, regulations are imposed on businesses such as: meta and apple This is to ensure that inappropriate and potentially dangerous content is kept away from young people and vulnerable people.

Examples include content that promotes suicide or self-harm. The coroner handed down the verdict last year. that it contributed to teenagers Molly Russell to take one’s own life.

read more:
What is the Online Safety Bill? Who is for it, who is against it, and how will it be enforced?
Pornographic websites may require the use of photo ID and credit card checks to protect children

The law would also hold platforms accountable for illegal content such as child sexual abuse images, force adult websites to properly enforce age restrictions, and prevent underage children from creating social media accounts. The purpose is

Media regulator Ofcom will be responsible for enforcing the new rules, and companies that fail to do so will face fines of up to £18m or 10% of their global annual turnover, whichever is greater.

Companies and senior managers could also face criminal charges if it is determined that they are not doing enough to protect children, and in the most extreme cases, the platform’s operations in the UK could be suspended completely. There is also a possibility that it will be blocked.

Source: news.sky.com