The Olympics is arguably the most globally anticipated athletic event. With over 200 countries participating this past summer, it is already a well-known competition that brings in viewers from around the world to spectate. This year, the viewership at NBCUniversal was like no other showing results of up nearly 82% from the Tokyo Olympics that was held in the summer of 2021.
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In recent developments, the U.S. House of Representatives has passed a significant bill targeting TikTok. This legislative move, propelled by bipartisan support, compels ByteDance, the Chinese parent company of TikTok, to divest its interests in the app or face a complete ban from U.S. app stores within a year.
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In an emotionally charged Senate hearing, Meta CEO Mark Zuckerberg apologized to families of child abuse victims, acknowledging the gravity of the harm caused by social media platforms. The session, which included executives from TikTok, X, Snap, and Discord, underscored lawmakers’ desperation to implement new protections for children online.
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Despite this aura of levity that the general population has of the app, this rise has always been closely eyed by U.S. lawmakers. The main issue for officials is the massive amount of data on the U.S. population that the app has stored, and whose hands this data might fall into.
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Earlier this year, it was revealed that Facebook refused to make positive changes to their product – even though they knew their app had a negative effect on children. In late March, it was revealed that Meta was paying one of the biggest Republican consulting firms to run this smear campaign on TikTok.
Read MoreVarious fast fashion companies, such as SHEIN and Fashion Nova, continue to thrive within the younger generations. People are advertising these brands all over social media, specifically famous people.
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Along with the trending hobby of thrift shopping, social media savvy fashionistas popularized haul videos featuring the amount of clothing they find at such low prices – and many of those videos racking up millions of views. While this helps the environment by buying second hand and not falling into fast fashion, clothing resale can also negatively challenge those that are looking for clothing at a low price.
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Coach is back and ready to dominate the handbag industry. The famous leather handbag brand fell out of style as the trends of the early 2000s began to die, but now that there is a revival of Y2K fashion, Coach has completely rebranded itself to fit into the wants and needs of 2021 fashion.
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TikTok is a fast growing social media platform challenging all the current market leaders but has its fair share of issues when it comes to both external and internal regulation.
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The Trump Administration’s Clean Network Initiative poses threat to Chinese innovation and technology.
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