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Finance

Salon, internet’s oldest general interest publication, shuts down after 31 years

Website known for politics, arts and culture coverage announces closure just weeks before anniversary Salon, one of the early internet’s pioneering publications, is closing after more than three decades, the outlet announced on Thursday. “It’s difficult to find the right words for the end of something that has meant so much to so many people. Salon was never just a website,” Salon said in a statement. “It was an idea about what journalism could be, born at a moment when the internet was still a largely unexplored frontier.” Continue reading...

The Guardian
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Finance

Nasdaq sees worst day in 19 months as investors bet on AI slowdown after Democrats’ election triumph

Nearly $2tn shaved off Nasdaq value as worries of curbs to AI datacenters ripple across bourses The Nasdaq share index had its worst day in 19 months after slumping 5.5% on Thursday amid growing signs that the artificial intelligence industry will face tougher regulation because of the midterm election results. As Wall Street sustained widespread losses, the Nasdaq composite tumbled into “correction territory” – more than 10% below its recent record high – with more than $2tn shaved off its value by the end of trading Thursday. The tech-heavy index had its biggest one-day fall since Donald Tru

The Guardian
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Finance

Google, Meta and TikTok sue California to block law protecting children from addiction risk

Law bans social media platforms from providing minors features such as autoplay that lead to compulsive use Google, Meta and TikTok have sued California to block enforcement of ⁠a new state law intended ⁠to limit the risk ​of addicting children under 16 to social media platforms. The law, known as Assembly Bill 1709, prohibits such platforms from offering underage children “psychologically exploitative features” that could lead to compulsive use, such as providing ⁠personal recommendations and sending videos through autoplay features. It also requires the deletion of children’s accounts with t

The Guardian
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