Social media giants continue to dominate the headlines today, Tuesday, May 23, as TikTok fights back after Montana’s all-out ban on the app within the state. Meta, on the other hand, has received an eye-watering fine from the EU for violating its data privacy rules, while rumors of its upcoming Twitter-like app has people wondering if CEO Mark Zuckerberg will give Twitter’s CEO Elon Musk a run for his money. When it comes to beauty news, Business of Fashion has released its “State of Fashion: Beauty” report this week, while Ariana Grande’s beauty brand just received investment from the same firm that’s helped brands like Ilia and Youth to the People (before they were acquired). Read these stories and more in the links below.

Ariana Grande’s R.e.m. Beauty Nabs Investment From Sandbridge Capital. The firm previously invested in Ilia and Youth to the People; the money will help the R.e.m. with global expansion as well as growing the team. (WWD)

What Will Define Beauty’s Next Era of Growth? As part of its ‘The State of Fashion: Beauty’ report, Business of Fashion shares its outlook for the future of the global beauty industry and explores what lies ahead. (Business of Fashion)

Meta Fined $1.3 Billion for Violating E.U. Data Privacy Rules. On Monday, Meta was fined and ordered to stop transferring data collected from Facebook users in Europe to the U.S., failing to comply with a 202 decision by the EU’s highest court. (The New York Times)

Meta’s Twitter Alternative Could Be a Big Boost for the Company. Meta is reportedly planning to launch its own version of a text-based social media app that could launch as soon as June of this year. (Fast Company)

TikTok Sues Montana Over Its New Law Banning the App. After the state passed a bill to ban the social media app last week, TikTok filed a federal lawsuit that argues the ban is an illegal suppression of free speech. (NPR)

Why Black Creators Say Brands are ‘Quiet as a Mouse’ on Black History Month and Juneteenth This Year. DE&I commitments from brands and retailers have decreased since the Black Lives Matter Movement in 2020 and content creators of color are being approached with fewer and fewer opportunities. (Digiday)

Beauty Brands are Using the Term “Pro-Aging,” But is the Industry Making Strides Against Ageism? Beauty entrepreneurs sound off on whether anything has actually changed in the beauty industry’s attitude towards aging as a whole. (Beauty Independent)