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The Federal Communications Commission (FCC) in the United States repealed net neutrality regulations, sparking a widespread debate about internet freedom and access.
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It was revealed that the political consulting firm Cambridge Analytica gained unauthorized access to millions of Facebook users' data, leading to public scrutiny and privacy concerns.
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Influencer marketing gained significant traction, with brands collaborating with social media influencers to promote products and services to their large followers.
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The short-form video app TikTok gained immense popularity worldwide, particularly among younger audiences, and became a major player in the social media landscape.
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The global pandemic accelerated the reliance on the internet and social media for remote work, communication, and entertainment, leading to increased internet usage and digital transformation.f -
Reddit's WallStreetBets community sparked a massive surge in GameStop's stock price, highlighting the power of online communities and social media in financial markets.
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Non-fungible tokens (NFTs) gained popularity, revolutionizing the art world and digital ownership by leveraging blockchain technology.
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Facebook, the largest social media platform, announced a rebranding to Meta, focusing on the development of virtual reality (VR) and the metaverse.