It's time for TikTokers to enter their miming era. Countless videos suddenly went silent as music from top stars like Drake and Taylor Swift disappeared from the popular app on Thursday. The culprit? Universal Music Group – the world’s largest record company – could not secure a new licensing deal with the powerful information-sharing video platform.
In an open letter published by UMG, it blamed TikTok for “trying to build a music-based business, without paying fair value for the music.” UMG claimed TikTok “responded first with indifference, and then with intimidation” after being pressured not only on artist royalties, but also restrictions about AI-generated content, and a push for user safety.
It’s been a rough week for CEO Shou Zi Chew. He joined CEOs from Meta, X, and Discord for a grilling on Capitol Hill this week over the dangers of abuse and exploitation children are facing on their platforms. Sen. Lindsey Graham went so far as to say these companies have “blood on their hands.” The hearing followed last year’s public health advisory released by the Surgeon General that argued social media presents “a risk of harm” to youth mental health and called for “urgent action” from these companies.
The big takeaway: It appears social media companies are quite agile when under pressure and can change the user experience for billions of people at the drop of a hat, especially when profit margins are involved. Imagine what these companies could do if they put that energy into the health of their users instead.Cybercrime is no longer just an IT issue – it’s an economic one. New research from the Mastercard Economics Institute shows how digital attacks can disrupt supply chains, shift consumer behavior, and ripple through GDP. After ransomware attacks on Asahi Group and Colonial Pipeline, anonymized spending data revealed stockpiling, shortages, and sustained shifts in purchasing patterns. As threats grow more sophisticated, strengthening cyber resilience and public-private collaboration will be critical to economic stability. Read the full analysis here.
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$90 billion: The amount of revenue that Russia has reportedly made from smuggled crude oil exports, after 48 companies worked together to help disguise the origin of the oil and circumvent sanctions that have been imposed since the full-scale war on Ukraine began.
People in support of former South Korean President Yoon Suk Yeol rally near Seoul Central District Court in Seoul on Feb. 19, 2026. The court sentenced him to life imprisonment the same day for leading an insurrection with his short-lived declaration of martial law in December 2024.
65: The age of former South Korean President Yoon Suk Yeol, who was sentenced to life in prison on Thursday after being found guilty of plotting an insurrection when he declared martial law in 2024.