Yorkville Moves to Acquire MAGA ETF

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Yorkville America Equities plans to acquire the Point Bridge America First ETF as part of its expanding portfolio aligned with an “America First” investment strategy.

The proposed acquisition has received approval from trustees connected to Truth Social-branded exchange traded funds and follows a recent agreement to acquire another similarly themed fund.

The move is expected to strengthen Yorkville’s ETF lineup by integrating an established fund with an existing investor base.

Once completed, the acquisitions will significantly increase the total assets linked to the Truth Social ETF franchise, which currently manages under $50 million.

The transactions are anticipated to close in the second quarter of 2026.

Zuckerberg Defends Instagram Policies in Court

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Meta CEO Mark Zuckerberg testified in a Los Angeles trial, denying claims that Instagram intentionally targets children under 13.

The case centers on allegations that social media platforms harmed a user’s mental health during childhood. Lawyers presented internal company documents suggesting discussions around engaging younger audiences, while Zuckerberg maintained that Meta does not permit users below the minimum age requirement.

He acknowledged past internal conversations about creating safer versions of services for younger users but stated such plans were never implemented.

The lawsuit forms part of a broader wave of legal challenges facing major technology companies over their impact on young users’ wellbeing.

Meta has argued that its platforms include safety measures and that verifying user age remains a broader industry challenge.

The trial could influence future legal debates around platform responsibility and digital product design.

Etsy Shares Rise After Depop Sale

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Etsy shares climbed following the announcement that the company will sell its fashion resale platform Depop to eBay for nearly $1.2 billion.

The move is expected to help Etsy refocus on its core marketplace for handmade and vintage goods as it works toward improving profitability under new leadership.

Despite weaker quarterly performance and softer demand linked to cautious consumer spending, investors responded positively to the divestiture. Analysts noted that Depop had lower profitability compared to Etsy’s main platform, making the sale a strategic step to strengthen margins.

Etsy reported fourth-quarter revenue slightly below expectations, while gross merchandise sales on its primary marketplace declined marginally.

Looking ahead, the company projects modest growth in 2026, supported by marketing initiatives and operational adjustments.

The Depop transaction is expected to close in the second quarter of 2026.