Core Viewpoint - Trump Media and Crypto.com have formed a strategic partnership to integrate the Cronos (CRO) cryptocurrency into Trump Media's platforms, enhancing user engagement through a rewards system and digital wallet infrastructure [2][4][5]. Group 1: Partnership Details - Trump Media will implement a rewards system on its Truth Social and Truth+ platforms utilizing Crypto.com's digital wallet and adopting CRO as a utility token [2][5]. - The partnership includes Trump Media purchasing approximately $105 million in CRO, representing about 2% of the total CRO market cap at the time of the announcement [5]. - Crypto.com will also invest $50 million in Trump Media's common stock, both transactions subject to a lockup period [5]. Group 2: Technology and Infrastructure - Cronos is described as a high-performance, interoperable blockchain that supports low-cost, high-speed smart contract deployment, facilitating the adoption of decentralized applications [3]. - The integration of CRO aims to provide users with the ability to convert earned gems into CRO and other benefits, enhancing the overall user experience on Trump Media's platforms [5]. Group 3: Strategic Goals - Trump Media's CEO emphasized the goal of making CRO the preferred utility token globally, positioning the company as an early adopter of this digital network [4]. - The partnership is seen as a significant step towards creating a digital asset treasury company focused on acquiring CRO, following the establishment of Trump Media Group CRO Strategy, Inc. [7].

Core Perspective - Meta is facing increasing criticism regarding its responsibility for the safety of children on its platforms, particularly in light of incidents like the suicide of a teenager linked to sextortion through its Messenger app [1][4] Group 1: Meta's Relationship with Advocacy Groups - The National Parent Teacher Association (PTA) has been collaborating with Meta since at least 2010, promoting the company's child safety initiatives while not always disclosing their financial ties [3][4] - A report by the Tech Transparency Project claims that the PTA's relationship with Meta lends credibility to the company's efforts to keep young users engaged, potentially downplaying the risks associated with its platforms [2][3] Group 2: Public Response and Criticism - Parents, including Mary Rodee, are increasingly vocal about their concerns, holding Meta accountable for the safety of its users and criticizing organizations that accept funding from the company [1][4] - Meta has responded to public scrutiny by partnering with organizations to promote its safety tools and protections for teens, asserting that such collaborations are aimed at educating parents [5]

智通财经 综合报道 近日，一名自称民生银行某支行前副行长的男子肖某开通社交账号，通过讲述入狱前经历受到网友关 注。 该视频账号自8月19日上传第一条视频，一周时间收获粉丝量2.2万。 8月26日，@抖音黑板报 发文："经核查，报道所示账号发布内容涉及以犯罪经历博眼球，违反《抖音 社区自律公约》，已处置禁言。" 26日，记者查询肖某账号发现，平台已对其封号并下架视频。 39923330588 抖音号: 39923330588 □ 3.8万 获赞 0 关注 2.2万 粉丝 作品 暂无作品 他发布的作品会展示在这里 裁判文书网显示，肖某生于1983年，大学毕业后到民生银行北京分行航天桥支行工作，历任客户经理、 理财部门经理、见习行长助理等职务，2014年底起担任负责个人理财等业务的副行长。 公诉书显示，肖某当年入狱是因涉案时任民生银行北京分行航天桥支行行长张某，以高息为诱饵，诱骗 被害人签订虚假的理财产品购买或转让协议，并将钱款转入其控制的个人银行账户，骗取147名被害人 共计人民币27.46亿余元。 最终，二审法院认定肖某犯吸收客户资金不入账罪，判处有期徒刑九年，并处罚金人民币九万元。 （综合自@观察者网、@抖音 ...

Core Viewpoint - Meta Platforms is positioned as a strong investment opportunity for exposure to artificial intelligence (AI), leveraging its existing business model and new AI initiatives to drive future growth [2][12]. Financial Performance - In Q2, Meta's revenue increased by 22% to $47.5 billion, with earnings per share (EPS) rising by 38% to $7.14 [6]. - Daily active users across Meta's platforms reached 3.48 billion, reflecting a 6% year-over-year growth [6]. - The company generated over $8.5 billion in free cash flow during Q2 and ended the quarter with over $47 billion in cash and marketable securities [8]. AI Integration and Strategy - Meta has integrated AI into its advertising and user experience across its platforms, enhancing efficiency and ad performance [7]. - The new standalone Meta AI app has gained significant traction, with over one billion monthly active users, and aims to deepen user engagement [11]. - Meta's capital expenditures for AI are projected to be between $66 billion and $72 billion by 2025, indicating a strong commitment to AI infrastructure [10]. Advertising and Monetization - The advertising business is performing well, with ad impressions increasing by 11% year-over-year and average ad prices rising by 9% [6]. - AI has contributed to a 5% increase in ad conversions on Instagram and a 3% increase on Facebook [7]. - Meta's expertise in creating ad-funded revenue streams positions it advantageously in the competitive landscape [11]. Investment Outlook - Despite a significant stock price increase, Meta's valuation at around 28 times earnings is considered reasonable given its revenue growth and cash flow [12]. - The combination of a profitable business model, substantial cash reserves, and a dedicated AI app presents a compelling investment case for long-term investors [12][13].

Core Insights - The era of "cheap social advertising" is rapidly coming to an end, with significant increases in advertising costs across major social platforms in the U.S. [1][5][8] Group 1: Advertising Cost Trends - By Q4 2025, Instagram is projected to be the first social platform to exceed a CPM (cost per thousand impressions) of $10, while TikTok's CPM is expected to rise from $7.12 to $9.86, marking a 38.5% increase within the year [2][16][22] - The collective rise in advertising prices across U.S. social platforms indicates a systematic adjustment, moving away from the low-cost era [5][8][20] - The increase in CPM is driven by a shift in advertising efficiency metrics, focusing on "real intent" rather than mere impressions [6][10][19] Group 2: Changes in Advertising Strategy - Advertising is transitioning from a "traffic business" to an "intent business," with platforms limiting ineffective ad displays and promoting automated tools to enhance targeting precision [7][19][24] - The adoption of AI-driven automated tools, such as Meta's Advantage+ and TikTok's Smart+, is reshaping ad purchasing methods, leading to higher CPMs but improved conversion rates [10][19][24] - Brands are encouraged to focus on whether their ads reach the most likely converters and adapt to the new algorithmic priorities of the platforms [7][19][24] Group 3: Platform-Specific Insights - Instagram's CPM is expected to surpass Facebook's, with Reels playing a crucial role in its monetization success [12][22] - TikTok's advertising prices are on the rise despite policy uncertainties, with a strong performance during key shopping events indicating robust advertiser interest [13][25][26] - Snapchat remains the platform with the lowest CPM, but its growth in advertising revenue is lagging behind competitors, raising concerns about its long-term viability [14][30][32] Group 4: Market Dynamics and Future Outlook - The overall U.S. social advertising spending is projected to exceed $100 billion by 2025, with a significant portion directed towards social video [19][20] - Platforms are increasingly prioritizing "quality of impressions" over "quantity," leading to a more efficient advertising environment [21][34] - The competitive landscape among smaller social platforms is intensifying, with Snapchat's reliance on high-frequency, low-value ads potentially jeopardizing its market position [28][30][32]

Core Viewpoint - A class action securities lawsuit has been filed against Snap Inc. due to alleged securities fraud that negatively impacted investors between April 29, 2025, and August 5, 2025 [1] Group 1: Lawsuit Details - The lawsuit claims that Snap provided overly positive statements while concealing material adverse facts about its advertising revenue growth rate, which dropped from 9% in Q1 to only 1% in April 2025 [2] - Following the announcement of its Q2 2025 financial results on August 5, 2025, Snap disclosed a slowdown in advertising revenue growth, attributing it to issues with its ad platform and other factors [2] - Snap's stock price fell from $9.39 per share on August 5, 2025, to $7.78 per share on August 6, 2025, marking a decline of approximately 17.15% in one day [2] Group 2: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until October 20, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]

Core Viewpoint - Elon Musk's companies, xAI and X, have filed a lawsuit against Apple and OpenAI, alleging an anticompetitive scheme to suppress AI competitors and maintain monopolies in the smartphone and generative AI markets [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Apple and OpenAI have "colluded" to hinder competition in the smartphone and generative AI sectors [1]. - It specifically accuses Apple of deprioritizing "super apps" and generative AI chatbot competitors, including xAI's Grok, in its App Store rankings [2]. - The complaint warns that without court intervention, the defendants will continue their unlawful conduct, negatively impacting competitors like xAI [2].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Snap Inc. regarding a class action lawsuit due to misleading statements about the company's advertising revenue growth, which significantly declined from 9% to 1% during the specified period [1]. Group 1: Allegations and Financial Impact - The complaint alleges that Snap's management provided overly positive statements while concealing material adverse facts about the company's advertising revenue growth [1]. - Snap's advertising revenue growth rate fell dramatically, with a reported deceleration attributed to issues with their ad platform and external factors, leading to a significant stock price drop of approximately 17.15% from $9.39 to $7.78 per share in one day [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as April 29, 2025, to August 5, 2025, and shareholders are encouraged to register for participation [2]. - The deadline for shareholders to seek lead plaintiff status is October 20, 2025, and there is no cost or obligation to participate in the case [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [3].

Core Insights - Appaloosa's billionaire investor David Tepper has been actively purchasing AI hardware stocks while reducing positions in favored AI stocks like Meta Platforms [1][5][13] Group 1: AI Hardware Investments - Tepper's investment strategy in the second quarter focused on AI hardware, with significant purchases in Nvidia (1,450,000 shares, 483% increase), TSMC (755,000 shares, 280% increase), and Intel (8,000,000 shares, new position) [6][10] - Nvidia's GPUs, particularly the Hopper (H100) and Blackwell models, are crucial for enterprise data centers, while TSMC is expanding its chip-on-wafer-on-substrate capacity to meet demand for AI-GPUs [10] - Intel is viewed as a value-oriented buy, trading below book value and receiving $7.9 billion from the CHIPS Act for domestic chip fabrication plants, positioning it for future growth [11] Group 2: Selling Activity in Meta Platforms - Tepper's Appaloosa exited five positions and reduced 16 others, including a 27% reduction in Meta Platforms shares, which is a favored AI stock among many fund managers [13][14] - The rationale for selling Meta may include locking in gains from a significant stock price increase from under $100 to over $600 per share between late 2022 and the second quarter of 2025 [15] - Despite concerns about the cyclical nature of advertising revenue, Meta's strong user base (3.48 billion daily users) and successful integration of AI solutions into its ad platform may enhance its pricing power [17][18][19]

Summary of Key Points from the Conference Call Industry Overview - **Industry**: North America Internet - **Key Companies**: META, AMZN, DASH, UBER, EBAY, W, GDDY Core Insights and Arguments 1. **Positive Traffic Trends**: July website traffic data indicates positive trends for META, AMZN, DASH, UBER, EBAY, W, and GDDY, while online travel and SMB servicers show mixed trends [1][2] 2. **META Performance**: Instagram's minutes per daily active user (DAU) increased by 12% year-over-year (Y/Y) to approximately 53 minutes, attributed to AI ranking and recommendation improvements [1][2] 3. **eCommerce Traffic**: eCommerce web traffic remained soft in July, but app trends were more favorable, with Amazon's global monthly active users (MAUs) up 9% Y/Y and eBay's MAUs up 8% Y/Y [1][2] 4. **DASH and UBER Growth**: DoorDash's U.S. MAU growth accelerated to 21% Y/Y, while Uber's U.S. MAU grew by 5% Y/Y [1][2] 5. **App Download Trends**: ChatGPT remained the most downloaded app in the U.S. for the seventh consecutive month, despite a 6% month-over-month (M/M) decline in downloads [4][9] 6. **Digital Advertising**: Social media time spent in the U.S. increased by 1% Y/Y, with META's U.S. MAUs growing by 2.4% Y/Y in July [4][10] 7. **Streaming vs. Linear TV**: Streaming now accounts for 47.3% of TV viewing time, surpassing linear TV's 40.6% share, indicating a shift in consumer behavior [5][6] 8. **Google Search Stability**: Google's global search market share remained stable at 89.5% M/M in July, although it declined by 150 basis points Y/Y [5][6] 9. **GenAI App Usage**: ChatGPT's web unique visitors rose by 79% Y/Y to approximately 430-440 million in July, indicating strong growth in generative AI applications [5][6] 10. **eCommerce App Trends**: Positive app trends were noted for Amazon, Temu, eBay, and Wayfair, with significant growth in downloads and MAUs [6][7] Additional Important Insights 1. **Online Marketplaces**: DoorDash and Uber showed positive trends in app MAUs, while Instacart's MAU declined by 2% Y/Y [7][8] 2. **Online Travel Performance**: Mixed growth in mobile app and web traffic for online travel companies, with Airbnb's MAUs up 12% Y/Y [7][8] 3. **SMB Servicers**: GoDaddy's U.S. traffic grew by 7% Y/Y, while Wix's traffic decline improved to -5% Y/Y [7][8] 4. **Online Real Estate**: Zillow outperformed peers with a smaller decline in web traffic compared to Redfin and Realtor.com [7][8] 5. **Online Dating Trends**: Hinge showed positive growth, while Tinder and Bumble faced challenges with MAU declines [7][8] This summary encapsulates the key points from the conference call, highlighting the performance of major companies within the North American internet sector and the overall trends affecting the industry.