Internet technology company in China
ByteDance Won’t Sell TikTok To Protect Its Secret Algorithm: Report: Sources said that if the company’s legal challenges fail, ByteDance would be willing to call ...
thedailybeast.com/bytedance-wont-sell-tiktok-to-protect-its-secret-algorithm-report
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
Chinese owner denies it’s willing to sell TikTok as US ban looms: TikTok’s Chinese parent company ByteDance said Thursday that it has no plans to sell the social ...
cnn.com/2024/04/25/business/bytedance-denies-reports-selling-tiktok-intl-hnk/
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
China's influence operations against the U.S. are bigger than TikTok: Intelligence officials and lawmakers describe the Chinese-owned social media app as a ...
npr.org/2024/04/26/1247347363/china-tiktok-national-security
Quick Glance: Chinese TikTok App Sale Required for National Security Measures
- A newly enacted law mandates the sale of the Chinese-owned TikTok app to address national security concerns.
- According to experts, China has intensified its online information operations in recent years to advance its broader objectives.
- China has actively sought to leverage TikTok to influence politics in Taiwan, yet these endeavors ultimately proved unsuccessful.
- While TikTok was utilized in these publicly identified Chinese operations, researchers have not observed a specific emphasis on the app compared to other popular platforms.
What makes TikTok's video algorithm so special?: TikTok's content recommendation algorithm has once again come under the spotlight after the U.S ...
theglobeandmail.com/world/video-what-makes-tiktoks-video-algorithm-so-special/
Congress passes bill that could ban TikTok after years of false starts: Lawmakers sped a possible TikTok ban through Congress by tying it to a sprawling funding ...
washingtonpost.com/technology/2024/04/23/tiktok-ban-senate-vote-sale-biden/
Quick Glance: San Francisco's Real Estate Market in Turmoil
- The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.
- In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.
- Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'
- San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.
US Senate passes law requiring ByteDance to divest TikTok stateside: Clock starts tick-tocking towards January 2025 deadline to get a deal done – or the app ...
theregister.com/2024/04/24/us_senate_passes_tiktok_sale_act/
President Joe Biden signed a bill into law that bans TikTok in the US if its owner, the Chinese tech firm ByteDance, fails to divest the popular short video ... Show more
Quick Glance: Supreme Court Divided on Emergency Abortion Access: Highlights
- The Supreme Court seems divided on access to emergency abortions in states with near-total bans.
- The 1986 Emergency Medical Treatment and Labor Act could impact abortion access in emergencies.
- The debate raises questions about fetal personhood and abortion rights conflict.
- The court's decision could affect abortion access in 14 states with strict abortion bans.
Reuters World News: Trump's foreign courters, and other top stories: The US Senate approves a bill to ban TikTok unless it’s sold by its Chinese owner ByteDance.
reut.rs/3Qjjfo7
Senate Passes TikTok Bill to Force Chinese Parent Company to Sell or Face U.S. Ban
time.com/6970257/senate-tiktok-bill-bytedance-sell-ban-biden/
Senators hope TikTok will remain in business in US under new owner: Two U.S. senators said they hope TikTok will remain in business in the U.S ...
reuters.com/world/us/senators-hope-tiktok-will-remain-business-us-under-new-owner-2024-04-23/
Reuters World News: Trump's foreign courters, and other top stories: The US Senate approves a bill to ban TikTok unless it’s sold by its Chinese owner ByteDance.
reuters.com/podcasts/podcast-tiktok-countdown-trumps-foreign-courters-boeing-plastic-divide-2024-04-24/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
TikTok Risks Fines as EU Issues Ultimatum Over App Launch: The European Union opened a new probe Monday into whether ByteDance Ltd. violated the bloc’s new ...
bloomberg.com/news/articles/2024-04-22/tiktok-risks-fines-as-eu-issues-ultimatum-over-app-launch
🔊 The US Senate passes a bill to force TikTok's Chinese owner ByteDance to sell it or face a ban. Find out the latest on the Reuters World News podcast
reut.rs/4ddKPNn
Some Badly Needed Clarifications About That “TikTok Ban” Biden Signed: There’s a lot of confusion about this. Here’s what’s really going on.
slate.com/news-and-politics/2024/04/tiktok-ban-china-biden-ukraine-aid-package.html
US Senate passes bill to force TikTok divestment or ban: The U.S. Senate voted late Tuesday to send legislation to President Joe Biden that would require Chinese ...
reut.rs/3UvbZbd
Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
- President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.
- Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.
- The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.
- Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
TikTok fortune of billionaire Republican donor Jeff Yass threatened by Washington
ft.com/content/256a45c3-8c78-4448-9dbe-8382c0788457
Kenyan government recommends regulating, not banning, TikTok: Kenya's government has advised lawmakers against banning TikTok over concerns about content shared ...
reuters.com/world/africa/kenyan-government-recommends-regulating-not-banning-tiktok-2024-04-25/
Exclusive: ByteDance prefers TikTok shutdown in US if legal options fail, sources say
reuters.com/technology/bytedance-prefers-tiktok-shutdown-us-if-legal-options-fail-sources-say-2024-04-25/
TikTok’s Origin Story: Court Files Show Role of GOP Megadonor Jeff Yass: Court records, mistakenly made public, tell a story about the birth of ByteDance ...
nytimes.com/2024/04/18/business/tiktok-bytedance-jeff-yass.html
House approves sell-or-be-banned TikTok measure, attaching it to foreign aid bill
npr.org/2024/04/20/1245594589/house-approves-bill-tiktok-ban
ByteDance promised to sue if the U.S. bans TikTok. Legal experts weigh in on what it means for users
f-st.co/X191xBh
🇺🇸 📱 #US President Joe #Biden Wednesday signed into law a bill that issues an ultimatum to #TikTok 's parent company #ByteDance to sell the app within nine months or ... Show more
A Trove of ByteDance Records Mistakenly Went Public. Here’s What They Say.: The records briefly surfaced in a lawsuit involving the Republican megadonor Jeff ...
nyti.ms/3vO6PxL
It’s not just TikTok users and TikTok creators whose sensitive data has been mishandled by TikTok and its Beijing-based parent company ByteDance—it’s TikTok ... Show more
TikTok Mishandled The Data Of Hundreds Of Top American Advertisers
TikTok Mishandled The Data Of Hundreds Of Top American Advertisers
Breakingviews: TikTok’s fate matters only up to a point for Meta: The countdown clock is starting for TikTok, but Meta Platforms boss Mark Zuckerberg will only ...
reuters.com/legal/transactional/tiktoks-fate-matters-only-up-point-meta-2024-04-24/
Is the US banning TikTok? What the sell-or-ban bill just passed by Congress means for you.
usatoday.com/story/money/2024/04/19/tiktok-ban-bill-law/73377253007/
TikTok ban passes House: Lawmakers, citing security concerns, voted to ban TikTok in the United States unless Chinese owner ByteDance sells to an American ...
businessinsider.com/tiktok-ban-passes-house-bytedance-2024-4
TikTok ban bill put on faster track through US Congress: Move to bundle divest-or-ban measure with foreign aid could compel Senate to act against Chinese-owned ...
ft.com/content/c980675b-65a4-4f64-ba5a-dd87fef4f39a
Sale or ban as a goal: US law against TikTok picks up speed: The US House of Representatives is following suit: Once again, Democrats and Republicans voted in ...
spiegel.de/netzwelt/apps/tiktok-us-gesetz-gegen-die-video-app-nimmt-fahrt-auf-a-1ad7dfba-1ef0-4b21-b9f5-6d517bf207bb
ByteDance, TikTok shelled out $7 million on lobbying and ads to combat potential U.S. ban
cnbc.com/2024/04/23/bytedance-tiktok-spent-over-7-million-on-lobbying-ad-campaign-.html
TikTok Braces for US Law Requiring Bytedance to Sell — And New Legal Fight: After years of working to assure the US government that its popular social media app ...
bloomberg.com/news/articles/2024-04-22/tiktok-braces-for-us-law-requiring-a-sale-and-fresh-legal-fight
TikTok Divest-or-Ban Bill Moving on Fast Track Through Congress: TikTok is heading to its moment of truth in Washington, with Congress on a fast track to approve ...
bloomberg.com/news/articles/2024-04-17/tiktok-divest-or-ban-bill-moving-on-fast-track-through-congress
TikTok staff face big US tax bills on shares they cannot sell: Current and former employees of video app’s Chinese parent ByteDance in outcry over stock award ...
ft.com/content/18316e7c-accd-41dc-b469-1e8341e721fe
Quick Glance: TikTok Staff Grapple with US Tax Bills on Unsellable Shares
- Current and former Byte Dance employees express outrage over stock award liabilities.
- Byte Dance faces backlash from US employees over a stock awards program that prevents them from selling shares but exposes them to significant tax bills.
- Byte Dance responds to employee complaints, emphasizing compliance with US tax laws, but is not planning a large financing round to buy employee shares.
- Byte Dance's RSUs that vested last year led to substantial tax liabilities as many did not withhold enough shares to cover them, resulting in employees being unable to sell shares to cover their tax debts.
ByteDance extends employee share buyback programme to non-US workers: TikTok’s Chinese owner offers nearly $171 a share as US employees grow concerned about tax ...
ft.com/content/540985a4-6c20-4fac-b38b-52dd59d5f543
TikTok divest-or-ban bill expected to become US law in days
sacbee.com/news/nation-world/national/article287872550.html
ByteDance Profit Jumps 60%, Taking It Past Archrival Tencent: ByteDance Ltd.’s profit surged roughly 60% in 2023, outpacing the growth of online peers Tencent ...
bloomberg.com/news/articles/2024-04-10/bytedance-profit-jumps-60-taking-it-past-archrival-tencent
Paid articlePaid
Brave China ‘cancer warrior’ dies 2 days after 25th birthday, final wish to find brother a girlfriend left unfulfilled
scmp.com/news/people-culture/trending-china/article/3258770/brave-china-cancer-warrior-dies-2-days-after-25th-birthday-final-wish-find-brother-girlfriend-left
US Senate passes bill that could ban TikTok; President Biden willl sign it Wednesday
neowin.net/news/us-senate-passes-bill-that-could-ban-tiktok-president-biden-willl-sign-it-wednesday/
In the Face of U.S. Ban Threats, TikTok’s Parent Company is More Profitable Than Ever
time.com/6965464/tiktok-profit-bans-2024/
Chinese state media hit out at US over TikTok ‘sell-or-ban’ bill as owner ByteDance remains silent
scmp.com/tech/big-tech/article/3259926/chinese-state-media-hit-out-us-over-tiktok-sell-or-ban-bill-owner-bytedance-remains-silent
Citing fears of US citizens’ data being shared with the Chinese government, the House of Representatives has passed a bill demanding that TikTok be sold by its ... Show more
President Biden has signed the foreign aid bill that also gives the Chinese company ByteDance nine to 12 months to sell TikTok to an American company ... Show more
There are mixed views to a suggestion by Prime Minister Andrew Holness for Negril to become a parish. While some residents have accepted the idea ... Show more
Mixed views on proposed parish status for Negril - Jamaica Observer
Mixed views on proposed parish status for Negril - Jamaica Observer
Is it time to call code red on TikTok challenges and Gen Z’s obsession with popularity contests?
scmp.com/week-asia/opinion/article/3258016/it-time-call-code-red-tiktok-challenges-and-gen-zs-obsession-popularity-contests
China KOL with 19 million fans shut down for faking story about school homework left in Paris café toilet apologises
scmp.com/news/people-culture/china-personalities/article/3259128/china-kol-19-million-fans-shut-down-faking-story-about-school-homework-left-paris-cafe-toilet
Modified House bill would give TikTok a year to separate from Chinese owner: The Senate hasn't voted on the bill that could essentially ban TikTok in the U ...
pennlive.com/politics/2024/04/modified-house-bill-would-give-tiktok-a-year-to-separate-from-chinese-owner.html
US sell-or-ban law against TikTok stirs unease in China as Beijing, social media giant ByteDance stay mum on next moves
scmp.com/tech/tech-war/article/3260345/us-sell-or-ban-law-against-tiktok-stirs-unease-china-beijing-social-media-giant-bytedance-stay-mum
Two months ago, #JoeBiden joined #TikTok with a video captioned “lol hey guys”.
Now, the #US #president is poised to sign a bill that could ban the popular app - ... Show more
Father of dead China singer blasts blogger’s digital version of late son created without consent, calls for AI control
scmp.com/news/people-culture/china-personalities/article/3255896/father-dead-china-singer-blasts-bloggers-digital-version-late-son-created-without-consent-calls-ai
Here are the next steps and roadblocks toward a potential ban of TikTok in the United States, since President Biden signed a bipartisan law that sets up an ... Show more
Bipartisan ire flares after POLITICO reveals Chinese Embassy's quiet TikTok lobbying
politico.com/live-updates/2024/04/18/congress/bashing-chinas-tiktok-moves-00153040
Vinod Khosla and Palantir's Jacob Helberg call on Senate to ban TikTok: It's 'a weapon of war'
cnbc.com/2024/04/11/tiktok-ban-vinod-khosla-calls-on-senate-to-pass-bill.html
Despite Recent Bill to Ban TikTok, Biden's Campaign Will Keep Using It: There are still concerns the platform is a security risk and a new law aimed at forcing ...
inc.com/associated-press/despite-recent-bill-to-ban-tiktok-bidens-campaign-will-keep-using-it.html
#VantageOnFirstpost : TikTok's parent company Bytedance has said that it has no plans of selling-off the app's business in America. Lawmakers in Washington had asked the ... Show more
House Passes Bill That Could Lead To TikTok Ban In The U.S.: The measure, which has bipartisan Senate support, gives TikTok's Chinese parent company one year to ...
huffpost.com/entry/tiktok-china-company-divestment-house-bill_n_662316bae4b08151cac9fb5f
- TikTok ban
- Tense ties with Europe
- Military shakeup
Here are some of the key stories from China you may have missed this week: China’s Hands Are Tied in Fighting US Over TikTok - Bloomberg
ByteDance Says It Won’t Sell U.S. TikTok Business: Beijing-based ByteDance said in a post on Toutiao, a media platform it owns, that foreign-media reports that ...
wsj.com/tech/bytedance-says-it-wont-sell-u-s-tiktok-business-61f43079
The TikTok Ban is Law. What Now?: The United States is forcing the Chinese company Bytedance to sell TikTok to a US owner or risk a ban from American app stores.
gizmodo.com/the-tiktok-ban-is-law-what-now-1851436158
China Seeks to Bring a Booming Micro-Drama Industry Under Tighter Control: China’s short-form video industry has been booming. But authorities are worried about ...
time.com/6971346/china-micro-dramas-industry-popularity-censorship/
TikTok to suspend TikTok Lite's reward programme amid EU concerns: BRUSSELS (Reuters) - TikTok will voluntarily suspend its new app TikTok Lite's reward ...
thestar.com.my/tech/tech-news/2024/04/24/tiktok-to-suspend-tiktok-lite039s-reward-programme-amid-eu-concerns
TikTok Faces Potential U.S. Ban As Joe Biden Signs National Security Bill; CEO Vows Court Fight And Says “Facts And The Constitution Are On Our Side”
deadline.com/2024/04/tiktok-ban-house-of-representatives-1235890875/
CX Daily: TikTok Vows to Fight On as New Law Threatens Ban Unless ByteDance Sells - CX Daily: TikTok Vows to Fight On as New Law Threatens Ban Unless ByteDance Sells
Apple Deletes Meta’s Threads and WhatsApp From China App Store After Government Pressure
thewrap.com/apple-removes-whatsapp-threads-china-app-store-tiktok-ban/
Quick Glance: Apple removes WhatsApp and Threads in China
- Apple removes Meta-owned apps under Chinese government pressure.
- Apps delisted due to 'national security concerns'.
- Chinese users now unable to download Western social media apps.
- Apple faces declining iPhone sales in China despite branding efforts.
EU with further proceedings against TikTok: violations of the DSA?: The EU Commission has initiated proceedings against ByteDance's TikTok platform for possible ...
az-online.de/welt/eu-mit-weiterem-verfahren-gegen-tiktok-verstoesse-gegen-den-dsa-zr-93027828.html
TikTok Ban Legislation Passed by US Senate Supermajority: The bill now goes to President Joe Biden, who has already promised to sign it
thewrap.com/tiktok-ban-legislation-passed-by-us-senate-supermajority/
Cutting the Data Spigot Overseas Goes Beyond TikTok: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today ...
bloomberg.com/news/newsletters/2024-04-22/cutting-the-data-spigot-overseas-goes-beyond-tiktok
US will ban TikTok unless Chinese owner sells up: Senate vote gives ByteDance up to a year to split from the app’s American operations
thetimes.co.uk/article/tiktok-ban-us-senate-china-bytedance-853lkf6wn
Paid articlePaid
Claims of TikTok whistleblower may not add up: He only worked there 6 months and many of his allegations are improbable at best.
wired.com/story/tiktok-whistleblower-got-dcs-attention-do-his-claims-add-up/
#FirstpostAmerica : US President Joe Biden has signed a bill that would potentially ban Chinese social media app TikTok across the nation ... Show more
Calm your thumbs, folks. We’ve got a little more time before the TikTok ban goes into effect. #legislation #explainer #tiktokban #bytedance #technews
Why is US threatening to ban TikTok and will other countries follow suit?: Joe Biden signs into law bill requiring Chinese owner to sell app’s US operations
theguardian.com/technology/2024/apr/24/why-is-us-threatening-to-ban-tiktok-and-could-other-countries-follow-suit
Does TikTok have a First Amendment case against the new law?
It has won using that defense before. An executive order by the Trump administration to force ... Show more
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