5 Wall Street Legends Just Bought This One Stock

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

European Union questions TikTok on new app that pays users for watching

JOSH JACQUOT
April 17, 2024

LONDON (AP) -- European Union regulators said Wednesday they're seeking details from TikTok on a new app from the video sharing platform that pays users to watch videos.

The European Commission said it sent TikTok a "request for information" on the TikTok Lite app that has been quietly released in France and Spain.

The commission wants to know about the risk assessment that TikTok should have carried out before deploying the app in the European Union.

"We have already been in direct contact with the Commission regarding this product and will respond to the request for information," TikTok said in a statement.

Such evaluations are required under the bloc's Digital Services Act, a sweeping law that took effect last year with the aim of cleaning up social media platforms. The commission is the 27-nation bloc's executive arm and top enforcer of digital regulations.

TikTok Lite lets users "earn great rewards," according to its app store listing. The app, which launched this month in France and Spain, is a slimmed-down version of the main TikTok app and doesn't come with ecommerce or livestreaming features.

The commission said the app lets users earn points by doing things like watching videos, liking content and following content creators. The points can be exchanged for rewards including Amazon vouchers and gift cards on PayPal.

TikTok said rewards are restricted to users 18 years and older, who have to verify their age. Users can watch up to one hour a day of videos to earn rewards, which are capped at the equivalent of one euro ($1.06) a day, it said.

TikTok has 24 hours to turn over the risk assessment. The commission is interested in what it says about the app's potential impact on the protection of minors, "as well as on the mental health of users, in particular in relation to the potential stimulation of addictive behaviour."

It's also seeking other information on the measures TikTok has put in place to mitigate such "systemic risks," which the company has until April 26 to provide.

Continue Reading...

Popular

G7 nations commit to phasing out coal by 2035 but leave room to extend that deadline

MILAN (AP) — Energy and environment ministers of the Group of Seven leading industrialized nations committed Tuesday to phase out coal power by 2035, marking the first time the G7 has explicitly referenced a phase-out, but left flexibility for countries heavily reliant on coal.

Donald Trump Could Still Win Even If He Loses In Supreme Court Over Presidential Immunity Claim

Former President Donald Trump could see a strategic victory in his Supreme Court case, even if the court dismisses his claim regarding presidential immunity.

Shhh! This Is One Great Coin... - Ad

Shhh! I truly believe this crypto could be one of the top earning cryptos of all time... In fact, in the coming bull run... this one coin could have the potential to bank 10x... 50x... and even 100x.

Nigerians struggle with fuel shortages as queues form across major cities

ABUJA, Nigeria (AP) — Nigerians were queuing for hours to buy fuel across major cities on Tuesday as the West African nation struggled with its latest fuel shortage, causing more hardship for millions already struggling in an economic crisis.

Why James Altucher SOLD All His Bitcoin - Ad

Crypto genius James Altucher has been praising Bitcoin since it was trading for $61. But now he's buying another coin like crazy... and it's not Bitcoin!

Olympic track uniforms spark online debate about who designed them and why they're so skimpy

PARIS (AP) — U.S. track and field athletes have around four dozen pieces to choose from when assembling their uniforms at the Olympics. The one grabbing the most attention is a high-cut leotard that barely covers the bikini line and has triggered debate between those who think it is sexist and others who argue they don't need the internet to make sure they have good uniforms.

Jim Cramer Explains What Could Trigger Further Market Decline: 'If You Want To Get Out, Go Ahead ...'

CNBC host Jim Cramer has outlined potential factors that could lead to further market decline, advising investors to be cautious about their buying and selling decisions.

Bitcoin Gained 164% in 2023 but Crypto Millionaire Abandoned It for This - Ad

A certain crypto genius and millionaire has been praising Bitcoin since it was trading for $61. Even though it gained 164% last year, he's now recommending a different cryptocurrency. In fact, he's betting his own money on and buying it like crazy.

This Man, Who Never Went To University, Is Making $1.2M-A-Year At Deloitte At The Age Of 30

Ben Newton, a former apprentice at Deloitte, has achieved the feat of becoming a partner at the age of 30, earning $1.2 million a year.

Hochul announces budget outline as lawmakers continue to hash out details

ALBANY, N.Y. (AP) — New York Gov. Kathy Hochul on Monday announced the framework of a $237 billion that includes broad plans to drive new housing construction, address the influx of migrants and crack down on .

New Video: What A.I. Means for Cancer (And Other Diseases) - Ad

I urge you to check it out before we take the video down. You'll discover how AI discovered a new treatment in only 30 days, why Big Pharma signed over $3 billion in deals with one AI-biotech, and why Bill Gates and billionaire Steve Cohen own over 10% of this company.

Move Over Nvidia: Experts Bullish On Intel's AI Chip, Predict Surge In These Three Global Stocks

Charlie Chan and his team at Morgan Stanley forecast that the total Gaudi shipment volume could hit 300-400k units in 2025, generating $2-3bn revenue for Intel.

NY AG Letitia James Seeks To Void Trump's $175M Bond In Civil Fraud Case

The New York Attorney General Letitia James' office has moved to invalidate the $175 million bond secured by former President Donald Trump.

Titanium Shortage Threatens Industry Titan - Ad

A titan of the aerospace industry announced it would no longer purchase titanium from Russia, a key supplier. With a global shortage of the lightweight "wonder metal" already in play, aerospace-grade titanium has become particularly scarce.

An NPR editor who wrote a critical essay on the company has resigned after being suspended

NEW YORK (AP) — A National Public Radio editor who wrote an essay criticizing his employer for promoting liberal views resigned on Wednesday, a day after it was revealed that .

Buy This A.I. Stock Before Elon's "A.I. Day" on May 16 - Ad

Luke Lango is now recommending this little-known A.I. stock because it could supply Elon Musk with a critical piece of infrastructure for his new A.I. venture, something Luke is calling "Elon's A.I. 2.0". Once Elon reveals it on May 16, you may have missed the biggest gains.

A strong quarter for Wall Street lifts Goldman's first-quarter results

NEW YORK (AP) — Goldman Sachs said it saw a double digit rise in its first quarter profits on Monday, lifted broadly by the stock and bond markets' performances in the first months of the year.

Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota

A Native American-led nonprofit has announced that it purchased nearly 40 acres (16.2 hectares) of land in the Black Hills of South Dakota amid a growing movement that

Why Banks Could See a "Cash Frenzy" on May 1 - Ad

He called the Lehman Brothers collapse in 2008... the Bitcoin crash in 2018... and the inflation crisis of 2022. Now, he's warning that the 2023 banking crisis is not over yet. Instead, we could see a cash frenzy at banks as soon as March 11. Do NOT buy another stock until you see his newest presentation.

New Jersey seeks fourth round of offshore wind farm proposals as foes push back

LONG BEACH TOWNSHIP, N.J. (AP) — New Jersey is seeking a new round of proposals to build wind energy farms off its coastline, forging ahead with its clean energy goals even as local opposition and challenging economics create blowback to the effort.

Apple CEO says that he wants to increase investments in Vietnam

HANOI, Vietnam (AP) — Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub.

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

San Francisco sues Oakland over new airport name that includes 'San Francisco'

SAN FRANCISCO (AP) — San Francisco on Thursday sued Oakland after officials there voted in favor of changing the name of the city’s airport to San Francisco Bay Oakland International Airport, saying the change will cause confusion and is already affecting its airport financially.

Why Real Brokerage Shares Are Gaining Today

Shares of The Real Brokerage surge as Qamar Group, led by CEO Rafay Qamar and COO Jana Pierce, joins, boosting market optimism.

Without Titanium, U.S. National Security Is in Peril - Ad

The U.S. Geological Survey added titanium to its recent list of minerals vital to our economic and national security. Unfortunately, the U.S. produces nearly no titanium. Most production lies with our geopolitical foes, Russia and China. That's why more North American titanium is urgently needed.

Why Media Company Omnicom Shares Are Trading Higher Premarket Today

Omnicom Group reported 5.4% revenue growth, with organic growth of 4.0%. Adjusted EPS beat expectations.

Time to Sell NVDA? 50-Yr Wall Street Legend Weighs In - Ad

If you currently own NVIDIA (NVDA)... Or were thinking of buying it in the weeks ahead... I urge you to review my recent interview before you move your money. There's a BETTER AI stock to buy than NVDA right now, especially in the coming $7 trillion A.I. boom.

Nvidia Robotics Expert Praises Tesla FSD's 'Human-Like Maneuvers' As Magical

Tesla's latest FSD feature has impressed users like Nvidia employee Yuke Zhu who called it 'magical'. Tesla has made FSD more accessible with price cuts and free trials.

North Carolina governor to welcome historic visitor at mansion: Japan's Prime Minister Kishida

RALEIGH, N.C. (AP) — After spending a few days in Washington , Japanese Prime Minister Fumio Kishida is set to tour around North Carolina on Friday to spotlight a different interest: his nation's title as the state's biggest foreign investor.

Your 2024 Election Money Blueprint - Ad

Voters are angrier than ever, and it's likely to keep getting worse. The media and Wall Street keep declaring how great the economy supposedly is... but no one -- besides the ultra-rich -- seems to feel that way. Protect yourself with this one simple move today.

Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer

NEW YORK (AP) — Americans increased their spending pace in March at a better-than-expected pace the previous month, , underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges.

Why Windtree Therapeutics (WINT) Stock Is Getting Hammered

Windtree Therapeutics shares are trading lower by 30% during Thursday's session. The company announced it approved a 1-for-18 reverse stock split of its common stock.

A.I. Pioneer Issues Urgent Warning to Americans - Ad

According to one early A.I. pioneer: "You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There's no middle option."

Last call for dry towns? New York weighs lifting post-Prohibition law that let towns keep booze bans

ALBANY, N.Y. (AP) — New York towns and villages that have post-Prohibition bans on alcohol sales would be forced to lift such restrictions under a bill moving through the Legislature.

America's Final Republican President - Ad

Louis Navellier believes Donald J. Trump could go down as America's last Republican president. But NOT for the reasons you may think... If he's right, the soul of this country will change forever...

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service