TikTok parent ByteDance obtained a $29.6 billion unsecured syndicated loan from nearly 30 banks, coordinated by Citigroup and JPMorgan, to fund AI data center investments. The facility was increased from an originally planned $20 billion due to strong lender demand.
Mexican social media influencer César Gastélum, who had 650,000 TikTok followers, was shot and killed while livestreaming outside a restaurant in Culiacán, Sinaloa state. Authorities are investigating possible links to organized crime.
Australia unveiled draft legislation that would impose a 2.25% levy on the local revenues of Meta, Google, and TikTok unless they pay local news outlets directly. The move represents a major push to force digital platforms to compensate journalism.
Hundreds of AI-generated avatars are flooding TikTok, Instagram, and YouTube with pro-Trump messaging, with some accounts gaining over 35,000 followers and millions of views, and Trump himself sharing the content.