ByteDance Financial News

12.12 / 03:35
Platform Action Software ByteDance TikTok 2020 Courts US asks court to reject TikTok's bid to stave off law that could ban the app
TikTok and ByteDance on Monday filed the emergency motion with the U.S. Court of Appeals for the District of Columbia pending a review by the US Supreme Court. They warned that without court action the law will «shut down TikTok — one of the nation's most popular speech platforms — for its more than 170 million domestic monthly users.» The Justice Department said the court should not delay the law's effective date arguing «continued Chinese control of the TikTok application poses a continuing threat to national security.»
11.12 / 19:37
BLOCK Platform security ByteDance TikTok country Courts TikTok files challenge against Canadian govt order to dissolve its business
TikTok has challenged a Canadian government order to shut down the Chinese video-sharing app’s business operations in the country that was imposed over national security concerns
10.12 / 03:43
Platform Action ByteDance TikTok Justice social Courts TikTok asks federal appeals court to bar enforcement of potential ban until Supreme Court review
TikTok on Monday asked a federal appeals court to bar the Biden administration from enforcing a law that could lead to a ban on the popular platform until the Supreme Court reviews the case
09.12 / 17:49
markets Software ByteDance TikTok Justice Department Courts Trump administration TikTok hires ex-Trump administration lawyer ahead of Supreme Court appeal
TikTok and its Chinese owner ByteDance have turned to a veteran US Supreme Court lawyer as they prepare to ask the justices to block a law that could ban the popular short video platform in the United States. Noel Francisco, who served as US solicitor general during Republican President-elect Donald Trump's first administration, will represent TikTok along with his partner Hashim Mooppan at law firm Jones Day, court papers show. As the Justice Department's top Supreme Court advocate from 2017 to 2020, Francisco defended Trump's ban on people from six predominantly Muslim countries entering the United States. He has argued more than 20 cases before the high court.
07.12 / 08:29
Platform ByteDance TikTok Justice Department Courts rights TikTok is inching closer to a potential ban in the US. So what's next?
TikTok’s future in the U.S. appeared uncertain on Friday after a federal appeals court rejected a legal challenge the company brought against a law that requires it to cut ties with its China-based parent company or be banned by mid-January
07.12 / 03:09
UPS Strategy Software ByteDance TikTok President Courts Why TikTok faces a US ban, and what's next?
TikTok, which is owned by Chinese company ByteDance, have prompted the U.S. government to pass legislation banning the social media platform unless it is sold to a government-approved buyer. President Joe Biden signed into law legislation that gives ByteDance up to a year to divest from TikTok. The company lost its first legal effort to overturn the law on Friday, when a panel of three federal judges unanimously rejected TikTok's argument that the law violated the First Amendment. The company pledged to appeal the decision to the Supreme Court. TikTok, which boasts 170 million users in the United States, could be banned as soon as mid-January, unless it receives a court-ordered injunction that would pause the law from taking effect as the appeal proceeds. There is also a chance that President-elect Donald Trump will try to rescue the app.
06.12 / 21:29
Platform ByteDance TikTok Instagram Meta Platforms social Courts TikTok's loss, Facebook, Instagram's gain! Check how Meta is soaring
Facebook, Instagram-owner Meta Platforms hit a record high on Friday after a U.S. appeals court upheld a law requiring China-based ByteDance to divest its popular short video app TikTok by early next year or face a ban. The decision is a devastating blow to ByteDance, whose social media app is used by 170 million Americans. It affirmed a law, which was passed by Congress with bipartisan support and signed by President Joe Biden, that gives the U.S. government sweeping powers to ban other foreign-owned apps that could raise concerns about collection of Americans' data. TikTok and ByteDance had argued that the law is unconstitutional and violates Americans' free speech rights.
06.12 / 21:07
Platform Fighting ByteDance TikTok social information Courts TikTok's future uncertain after appeals court rejects its bid to overturn possible US ban
A federal appeals court panel on Friday unanimously upheld a law that could lead to a ban on TikTok in a few short months, handing a resounding defeat to the popular social media platform as it fights for its survival in the U.S. The U.S. Court of Appe...
06.12 / 18:15
markets BLOCK Software ByteDance TikTok Courts Videos What happens next for TikTok after court ruling against it?
ByteDance to divest its popular short video app TikTok in the United States by early next year or face a ban. Here is what will likely happen next for TikTok. TikTok and its parent ByteDance sued in federal court to block a US law passed in April that would force ByteDance to divest of TikTok. It argued that the law would harm free speech.
28.11 / 10:49
Platform Election ByteDance TikTok President Meta Platforms social 2020 How TikTok’s Trump whisperer changed minds in Washington
Subscribe to enjoy similar stories. When the Biden administration said in March that it supported legislation that could ban TikTok, Tony Sayegh jumped into action. Sayegh, the head of public affairs at one of TikTok’s biggest investors, had become an unofficial adviser to the Chinese-owned social-media giant as it navigates survival in the geopolitical crosshairs of the world’s two superpowers.
12.11 / 19:33
Man Platform security ByteDance TikTok President Courts Trump has promised to 'save TikTok'. What happens next is less clear
After a tumultuous year filled with anxiety and a legal fight about its future in the U.S., TikTok may have just been thrown a lifeline by the man who was once its biggest foe
12.11 / 14:03
UPS Provident Mobile ByteDance electronic reports Japan's SoftBank returns to profit after gains at Vision Fund and other investments
Japanese technology conglomerate SoftBank Group swung back to profitability in the July-September quarter, boosted by its Vision Fund investments
07.11 / 06:31
Platform security ByteDance TikTok social information Courts TikTok must end business in Canada but app will stay available, Ottawa says
The federal government is ordering TikTok to end its business interests in Canada following a national security review, but will still allow Canadians to use the popular social media app.
07.11 / 04:05
BLOCK Platform security ByteDance TikTok social information Canada orders TikTok's Canadian business to be dissolved but won't block app
The Canadian government is ordering the dissolution of TikTok’s Canadian business after a national security review of the Chinese company behind the social media app but said it won’t block access
29.10 / 16:51
markets Platform economy ByteDance TikTok Research reports ByteDance founder Zhang Yiming tops China's rich list
ByteDance founder Zhang Yiming tops the list of China’s richest people, according to the Hurun Research Institute, although many of them have seen their net worth plunge over the past year
24.09 / 13:55
Platform ByteDance TikTok song Videos TikTok to shut down music streaming service
Subscribe to enjoy similar stories. TikTok is closing its music service, just two years after parent company ByteDance set its sights on taking on streaming giants Spotify and Apple Music. TikTok Music will close Nov.
16.09 / 14:26
Platform security ByteDance TikTok information Courts rights TikTok’s US future hangs in the balance in court
Subscribe to enjoy similar stories. A federal appeals court on Monday will consider whether the U.S. government has the right to force TikTok to sever ties with China to keep operating in this country.
13.09 / 11:56
markets ByteDance TikTok President Department Courts TikTok faces crucial court hearing that could decide fate in US
TikTok and parent company ByteDance face a key court hearing on Monday in a legal battle seeking to block a law that could ban the app used by 170 million Americans as soon as Jan. 19. The US Court of Appeals for the District of Columbia will hold oral arguments on the legal challenge, putting the fate of Chinese-owned TikTok in the middle of the final weeks of the 2024 presidential election. Both Republican presidential candidate Donald Trump and Vice President Kamala Harris are active on TikTok seeking to court younger voters.
03.09 / 03:22
markets economy Tesla ByteDance Experts country reports The biggest economic problem China is facing now - youth unemployment
China is currently in a major economic fix, and the biggest problem in their kitbag is youth unemployment, which needs to be addresses at the earliest in order to combat any other related pressing issue around the Chinese economy. New unproductive forces play a major role in the unemployment rise of the country, that has the potential to push the country on the brink of recession, feel experts.
16.08 / 18:30
Platform ByteDance TikTok Justice social Department Courts TikTok compares itself to foreign-owned American news outlets as it fights forced sale or ban
TikTok has pushed back on arguments that the popular social media platform is not shielded by the First Amendment
16.08 / 04:44
security ByteDance TikTok Justice social Department Courts TikTok disputes US claims on China ties in court appeal
TikTok told a federal appeals court on Thursday that the U.S. Department of Justice has misstated the social media app's ties to China, urging the court to overturn a law requiring China-based ByteDance to sell TikTok's U.S. assets or face a ban. TikTok, which has sued to overturn the law, said the Justice Department has made factual errors in the case. The department's lawyers said last month that the app poses a national security risk by allowing the Chinese government to collect the data of Americans and covertly manipulate what content they see. TikTok said on Thursday it is undisputed that the app's content recommendation engine and user data are stored in the US on cloud servers operated by Oracle and that content moderation decisions that affect US users are made in the US.

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