5 Internet and Digital Media Stocks That May Be Ready to Explode

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One of the biggest stories for the past few years has been the incredible market leadership of the mega-cap technology stocks. Last week some of the biggest players posted massive earnings, and as usual shares exploded higher. The conundrum for investors is this: with many of these top companies trading at bloated multiples, is there enough upside remaining from current levels?

One outstanding place to look now may be at the small and mid-cap leaders in the internet and digital media arena. While they too have performed nicely, they are offering growth investors with more risk tolerance some outstanding upside potential for the rest of 2020 and beyond.



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The analysts at Truist Securities, which was formed by the merger of SunTrust Robinson Humphrey and BB&T Capital Markets, are out with an update on the arena and the firm’s top stock picks there. We selected

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Turkey passes ‘draconian’ social media legislation

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Update: Turkey’s parliament adopted a new social media law early Wednesday that critics say will create a “chilling effect” on dissenting voices as the government tightened its grip on mainstream media.

The legislation will give the government more control over foreign social media companies operating in the country.

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Under the measures, social media companies including Facebook and Twitter would be required to appoint local representatives to respond to content removal and data requests from Turkish officials. The Turkish government would also have more power to block sites or shut them down entirely if companies don’t comply with government requests.

Related: Expulsions, pushbacks and extraditions: Turkey’s war on dissent extends to Europe

Turkish officials say the measures are necessary to stop illegal activity online. International human rights organizations have widely condemned the legislation as “draconian.”

“If passed, these amendments would significantly increase the government’s powers to censor online content and

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Turkey to restrict social media

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Turkish lawmakers passed legislation Wednesday that would give the government sweeping new powers to regulate social media content.

The bill orders social media platforms with over 1 million daily users — such as Facebook, Twitter and YouTube — to open offices in Turkey and imposes stiff penalties if the international companies refuse, including slowing the bandwidth of the sites and making them largely inaccessible.

These offices would be responsible for responding to the demands of the government and individuals to block or remove content hosted on their platforms that is deemed offensive. They would have 48 hours to comply and could be fined more than $700,000 if they fail to respond.

The new law, which is expected to go into effect Oct. 1, also requires the social media companies to store user data inside Turkey, raising privacy concerns.

President Recep Tayyip Erdogan and his governing AKP party, having already taken

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Malaysia opposition condemns applying old video law to social media

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KUALA LUMPUR (Reuters) – A decades-old Malaysian law requiring video or film productions to be licensed before being broadcast extends to social media, a minister said on Thursday, prompting an outcry from the opposition over its implications for freedom of expression.

FILE PHOTO: Malaysian Foreign Minister Saifuddin Abdullah speaks during an interview with Reuters in Kuala Lumpur, Malaysia April 23, 2019. REUTERS/Joseph Sipalan/File Photo

Communications and Multimedia Minister Saifuddin Abdullah told parliament that licences were needed “regardless of whether they are mainstream media agencies or personal media that broadcast films on social media or traditional channels”.

Opposition lawmakers accused the government of trying to cast a wide regulatory net on social media content using a 1981 National Film Development Corporation (FINAS) Act, which predates the internet.

Opposition leader Anwar Ibrahim said the minister’s interpretation was a “worrying development”, saying: “This is unreasonable and backwards. At the same time, the government

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China Fastest Growing Digital Media Market in the World

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LONDON—The growth of the global digital media industry has been significant over the last few years as content consumption on the internet gains in popularity, and nowhere has that been more evident than in China.

According to a report new data from Statista Global Consumer Survey, reported on by GoldenCasinoNews, the world’s five largest digital media markets—the U.S., China, Japan, the U.K. and Germany—are expected to reach $116 billion in value in 2020, an increase of $18.2 billion from the market’s value in 2017 ($97.8 billion). 

The digital media industry includes audio/visual media content distributed over the internet, including digital video content, music, video games and electronically published content.

The U.S. is still the largest market for digital media in the world, expected to reach a value of $51.3 billion in 2020, which is an increase of $6.9 billion since 2017. 

However, China, which is the second largest market,

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Independent Digital Media Is Being Shut Down Around the World, and We’re Being Distracted From It

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Amid the current global pandemic (also known as COVID-19), the shut down of independent digital media all over the world has started to become prevalent. Persecution by the government against critical journalists and media agencies are prevalent.

We are all distracted by the news. We seem to accidentally ignore the charges the government gives to its critics, including journalists and media outlets. Widespread criticisms, demands for accountability, and fact-based news – these are what political news websites show its readers. But crackdowns from authorities seem to hold news by the neck. Is this a sign of media shutdown and censorship?

All world leaders (and even celebrities) know that critics are a part of the package. No matter how great, or poor, a leader’s performance can be, there will always be an individual or a group of people who would not share the same visions and provide a critique to any

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Asking the big social media companies to remove extremist content more quickly will do little to fight terrorism

'We believe doctors dealing with erectile dysfunction should also be asking about watching pornography,' researchers say: Getty
‘We believe doctors dealing with erectile dysfunction should also be asking about watching pornography,’ researchers say: Getty

Barely a day goes by when social media is not in the firing line from activists and advertisers over hate speech and racist rhetoric.

The controversy goes to the heart of the debate about the extent to which social media platforms should become the arbiter of content decisions and whether internet companies should be solely responsible for dealing with abhorrent content posted by users. Facebook and Twitter are both doing more than ever to reduce “online harms” – certainly much more than is legally mandated – but work carried out by Tech Against Terrorism shows that the majority of activity by terrorists and violent extremists has now shifted to the smaller, newer messaging apps, and niche social networks.

We need to acknowledge that, for all the understandable focus on the bigger platforms, it

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The media startups VCs say will take off in 2020

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Next10; Human Ventures; MacVenture Capital; Lightspeed Ventures; Yuqing Liu/Business Insider

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Olivia Reaney/Business Insider

Hi, this is Amanda Perelli and welcome back to Influencer Dashboard, our weekly rundown on the influencer and creator economy. Sign up for the newsletter here.

Before we get started, I’m hosting a digital event on Wednesday, August 5 at 11 a.m. ET on how influencers are earning money in 2020. I will be speaking live with YouTube creators Shelby Church, Ruby Asabor, and Katy Bellotte on the state of the influencer industry, how they built their online audiences, and how they’ve adapted their businesses during the pandemic. Sign up here.

Alright, onto this week’s rundown.

My colleagues Ashley Rodriguez and Dan Whateley asked 11 top venture-capital investors which media startups they thought would thrive in 2020 amid the coronavirus pandemic — and why.

They asked each VC to pick two companies,

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How a New Wave of Podcasts Is Shaking Up Chinese-Language Media

On June 21, a new podcast appeared on several Chinese and American podcast platforms, including Apple Podcasts. Called In-Betweenness, it was recorded by four academics scattered around the world.

The podcast is in Mandarin, and the target audience is Chinese people, but the topic was race in America and across the world—specifically, what’s happening to race relations in the wake of the George Floyd protests. The hosts, based in the United States, Asia and Europe, didn’t shy away from difficult issues. They started the conversation with how Chinese people were characterized as “yellow” in a world order that still favors white Europeans, and ended it with a look at anti-Black racism in China.

Some listeners complained that the first episode was “too theoretical and abstract”—the discussion touched on the French philosopher Franz Fanon’s criticism of Hegel’s master-slave dialectic—but that didn’t prevent people from tuning in. Since it launched, the podcast

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Social media firms make $1bn a year from anti-vax followers, report says

Conspiracy theorists at Hyde Park Corner on 16 May 2020 in London: Getty
Conspiracy theorists at Hyde Park Corner on 16 May 2020 in London: Getty

Social media platforms are making up to $1bn a year from people following anti-vaccine misinformation that could cause “tens of thousands” of coronavirus deaths, researchers say.

The Centre for Countering Digital Hate (CCDH) said the number of people viewing pages and posts claiming that a Covid-19 vaccine is unnecessary or would pose a health risk had risen dramatically during the pandemic.

Despite pledges by Facebook and others to crack down on harmful posts, a report found that at least 57 million users now follow anti-vaxxers on mainstream platforms across the UK and US – up 7.7 million since the start of the outbreak.

A YouGov poll suggested that almost one in five British adults say they would refuse the injection if it becomes available, and a further 15 per cent are unsure.

The research suggested that people

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