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Summary

Reddit shares have dropped 50% from their February peak, when the stock had soared over 500% from its $34 IPO price last March.

Much of the early enthusiasm came from AI-related deals allowing Reddit’s content to be used for training models, but recent doubts about long-term growth in the AI sector have dimmed that optimism.

Analysts remain skeptical and some call the stock “super overvalued,” noting Reddit still is not making any money.

Market uncertainty and early investor sell-offs continue to weigh on Reddit and the broader tech sector.

Non-paywall link

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submitted 20 hours ago* (last edited 15 hours ago) by [email protected] to c/[email protected]
 
 

It's nice to see the senate opposition functioning.

Edit: 18 hours of holding the senate floor, giving voice to the american people. Lots of tears as american suffering is read out loud for the congressional record. Testiment from Americans across the country. This is the voice of the people. Please click the link, share and watch. The media needs to know we care about the opposition more than we care about trump rambling on a plane about fort knox.

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WASHINGTON (AP) — In a feat of determination, New Jersey Democratic Sen. Cory Booker held the Senate floor with a marathon speech that lasted all night and into Tuesday night, setting a historic mark to show Democrats’ resistance to President Donald Trump’s sweeping actions.

Booker took to the Senate floor on Monday evening, saying he would remain there as long as he was “physically able.” It wasn’t until 25 hours and 5 minutes later that the 55-year-old senator, a former football tight end, finished speaking and limped off the floor. It set the record for the longest continuous Senate floor speech in the chamber’s history. Booker was assisted by fellow Democrats who gave him a break from speaking by asking him questions on the Senate floor.

Inspiring.

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US Defense Secretary Pete Hegseth, who has previously expressed opposition to women serving in combat, has ordered the military to develop gender-neutral physical fitness standards for frontline troops, a memo released Monday said.

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cross-posted from: https://lemmy.ca/post/41630293

She said her lecture was going to discuss humanitarian aid in a time of crises as well as the challenges aid workers have faced in Gaza and other war zones.

“[I was told] that discussing the USAID cuts could be perceived as an anti-governmental narrative,” Liu told Global in an interview on Friday. She added that NYU, her alma mater, also said her lecture risked being perceived as antisemitic.

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An angry judge in Boston is holding a U.S. Immigration and Customs Enforcement agent in contempt after he detained a suspect while the man was on trial.

ICE agent Brian Sullivan detained Wilson Martell-Lebron last week as he was leaving court. But a Boston Municipal Court judge issued a ruling Monday against Sullivan, arguing that he had deprived Martell-Lebron of his rights to due process and a fair trial by taking him into custody.

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Attorney General Pam Bondi said in a statement on Tuesday that she had directed federal prosecutors to seek the penalty for the "premeditated, cold-blooded assassination".

In the press release, Bondi said Mr Thompson's murder "was an act of political violence" and that it "may have posed grave risk of death to additional persons" nearby.

A lawyer for Mr Mangione called the decision "barbaric", accused the government of "defending the broken, immoral, and murderous healthcare industry", and said Mr Mangione was caught in a tug-of-war between state and federal prosecutors.

"While claiming to protect against murder, the federal government moves to commit the pre-meditated, state-sponsored murder of Luigi," said Karen Friedman Agnifilo in a statement.

[These are highlights, for the full article, use link]

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cross-posted from: https://lemmy.ml/post/27985235

Polls are open from 7 a.m. to 7 p.m.

The fewer seats republicans have in the US house, the harder it is to get their stuff through. Moreover, if these seats flip or show a strong overperformance, Republicans will be way more weary about going along with Trump

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cross-posted from: https://lemmy.world/post/27682168

Summary:


The Trump administration inadvertently revealed on Monday that it is attempting to trap Venezuelan migrants in a catch-22 that would effectively block them from challenging their deportation and detention in an El Salvador prison. In a court filing, the government acknowledged that it had deported at least one migrant to El Salvador due to an “administrative error”—but argued that the individual had no right to contest his imprisonment because he is in the custody of a “foreign sovereign.”

This argument confirms what’s been clear for weeks: The government intends to treat the prison as a black site where migrants have no constitutional rights whatsoever and may be subject to any treatment whatsoever—including indefinite detention, forced labor, torture, or death.

But Monday’s filing illustrates another, more subtle problem that the Justice Department probably did not intend to admit: The government is trying to shunt migrants’ legal claims through a channel that is doomed to end in failure.

It seeks to ensnare these migrants in a Kafkaesque trap from which there may be no lawful escape. And it is trying to sell this subterfuge to the federal judiciary as a legitimate opportunity for due process if any migrants have plausible objections to their treatment.

To see how hollow that promise is, just look to the case of Kilmar Armando Abrego Garcia. A native of El Salvador, Abrego Garcia came to the United States in 2011, fleeing gang violence. Although he entered the country without authorization, an immigration judge granted him protected status in 2019, finding that he would likely face persecution if sent back to his home country. Federal law prohibits his removal to El Salvador. The Trump administration targeted him anyway, pulling him over while he was driving with his son, who is 5 years old and intellectually disabled. Immigration and Customs Enforcement agents falsely claimed that his “status has changed,” arrested him, and threatened to turn over his son to Child Protective Services if his wife did not arrive within 10 minutes. His wife, a U.S. citizen, was able to appear in time, but ICE refused to provide any information about her husband’s arrest. She did not know where he had been taken until she saw a news photo of alleged Venezuelan gang members in CECOT, a notorious Salvadoran mega-prison, kneeling on the ground, their arms raised above their shaved heads. One man, she realized, was her husband.

Abrego Garcia’s deportation was unambiguously illegal, and his lawyers swiftly filed suit demanding his return. On Monday, the DOJ responded with a bombshell admission: Abrego Garcia did have a right to remain in the U.S. and was shipped off to CECOT only because of an “administrative error.” The DOJ then declared that there was nothing the plaintiff or the government could do to fix this confessed mistake. Abrego Garcia, it wrote, would need to file a writ of habeas corpus, the traditional procedure for challenging unlawful detention. Indeed, it argued, Abrego Garcia’s claims “can proceed only in habeas”—he has no other way to fight his imprisonment. And yet, the department concluded, no federal court can hear his habeas claim, because he is “not in United States custody.” He thus has no remedy whatsoever and must remain in CECOT indefinitely.


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Summary

Rightwing groups across the US are driving a wave of legislation to restrict books in school and public libraries, targeting content deemed “sexually explicit” or “obscene,” often affecting LGBTQ+ and race-related titles.

Texas leads with 31 bills and 538 book bans in the 2023–24 school year.

Proposed laws, like Texas Senate Bill 13, shift book selection power from librarians to parent-led advisory boards.

Critics, including librarians and legal scholars, warn these efforts amount to censorship, risk violating First Amendment rights, and reduce access in underserved communities.

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In a written decision Tuesday, U.S. District Judge Michael Farbiarz in Newark said jurisdiction over the case should remain in New Jersey since Khalil was being held there at the time his lawyers filed their habeas corpus petition demanding his release.

“The Court’s jurisdiction is not defeated by the Petitioner having been moved to Louisiana,” the judge wrote, describing the government’s argument otherwise as “unpersuasive.”

The ruling does not guarantee that Khalil will be moved out of a detention facility in Louisiana, where he is being held as the government seeks his deportation for his role in campus protests against Israel. But it will allow his attorneys to make their arguments for his release before a judge in New Jersey.

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At least 40% of staff got layoff notices and many were turned away at the front door Tuesday when they showed up for work at the Administration for Community Living, or ACL, which coordinates federal policy on aging and disability. That's according to the agency's former director under the Biden Administration, Alison Barkoff, who says she talked to multiple members of her former staff.

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The administration froze $400 million in funding to Columbia last month over similar concerns

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The New Jersey senator spent much of his speech, which ended after more than 25 hours, assailing the Trump administration. He eclipsed Strom Thurmond’s filibuster of a civil rights bill in 1957.

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https://archive.ph/yZnHu

Attorney General Pam Bondi has said the Department of Justice will seek a 20-year prison sentence for a man accused of throwing a firebomb at a Tesla dealership.

Bondi said Monday that Cooper Jo Frederick, who is accused of attacking a Tesla dealership in Loveland, Colorado, on March 7, would face federal charges.

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https://archive.ph/azp4H

Members of President Donald Trump’s National Security Council, including White House national security adviser Michael Waltz, have conducted government business over personal Gmail accounts, according to documents reviewed by The Washington Post and interviews with three U.S. officials.

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KEY POINTS

  • Goldman Sachs expects aggressive duties from the White House to raise inflation and unemployment and drag economic growth to a near-standstill.
  • In a note Sunday, the firm said “we continue to believe the risk from April 2 tariffs is greater than many market participants have previously assumed.”
  • The firm raised its forecast for inflation this year to 3.5%, cut its GDP outlook to just 1% and raised its unemployment view to 4.5%.
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