Turning On The Lights On Social Media

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Welcome back from the weekend! Here is what’s happening:

$1T club: There’s a new entrant to this coveted elite group of U.S. companies. It’s also the first drugmaker to hit the milestone following the weight-loss investor craze.

He’s back: Michael Burry’s big stay-tuned reveal is … a Substack? An account has gone live with two initial posts.

Next option: The Trump administration is said to be working on a backup plan in case the Supreme Court ends up striking down any tariff decisions.

Interesting developments are happening in the world of social media, with a big one taking place over the weekend. X, the platform previously known as Twitter, quietly rolled out an account information feature to bring more transparency to the network and call out bots or bad actors. It allows users to see where an account is based, how many times usernames were changed, the original join date, and how the X app was downloaded. (3 comments)

Bigger picture: Instagram (META) has had a similar feature for a while, but also includes “not shared” statuses. It’s part of a broader rollout to stop the spread of disinformation and coordinated campaigns, while maintaining freedom of expression for vulnerable groups. X is also apparently working on an additional feature that would display a warning if accounts are using a VPN to mask their location.

“This is an important first step to securing the integrity of the global town square. We plan to provide many more ways for users to verify the authenticity of the content they see on X,” wrote Nikita Bier, Head of Product.

Verification and transparency efforts are also going on elsewhere. Last year, Australia became the first country in the world to ban social media for children under the age of 16, with enforcement set to go into effect from next month (Denmark recently followed suit, with Malaysia likely as well). The onus will be on platforms to take “reasonable steps” to prevent kids from creating accounts, with massive fines in place for non-compliance.

How companies are preparing: Various methods that can be employed include government IDs and facial age estimation based on biometric data, as well as behavioral inferences from user activity and other safeguards. Over the weekend, Snap (SNAP), the owner of Snapchat, announced it would offer Australian teenagers the ability to verify their age via software connected to their local bank accounts. Take the WSB survey.

Here’s the latest Seeking Alpha analysis

Nvidia Earnings Pivot? 5 Best Stocks For Sector Rotation Out Of Tech

Buy Bitcoin, A Tsunami Of Global Liquidity Is Coming

The IREN Rebound Is Starting

Japan Breaks The Markets: Can The Fed Fix Them?

Cracks Are Developing In The ‘Everything’ Bubble

What else is happening…

U.S., Ukraine draft ‘updated’ peace plan after talks in Geneva.

BHP (BHP) ends pursuit of Anglo American (OTCQX:AAUKF).

Salesforce’s (CRM) Marc Benioff has a ‘Holy S—‘ AI moment.

Tesla’s (TSLA) Elon Musk aims to dominate AI chip production.

COP30 summit wraps up – long on warnings, short on action.

Scott Bessent says services, not goods, are driving inflation.

U.S. issues warning for civilian air traffic around Venezuela.

Bill Ackman is eyeing Pershing Square’s IPO in early 2026.

CNN (WBD) quietly pulls its content from Apple (AAPL) News.

SA Asks: Is Tesla losing the robotaxi race to commercialization?

Today’s Markets

In Asia, Japan closed. Hong Kong +2%. China +0.1%. India -0.4%.
In Europe, at midday, London +0.1%. Paris -0.3%. Frankfurt +0.3%.
Futures at 6:30, Dow flat. S&P +0.2%. Nasdaq +0.4%. Crude -0.4% to $57.81. Gold -0.3% to $4,065.60. Bitcoin -0.6% to $85,948.
Ten-year Treasury Yield -1 bp to 4.05%.

On The Calendar

Companies reporting today include Zoom Communications (ZM) and Agilent Technologies (A).

See the full earnings calendar on Seeking Alpha, as well as today’s economic calendar.