ByteDance Financial News

08.05 / 07:57
UPS Platform Strategy Mobile ByteDance TikTok What TikTok failed to understand about America: Democracy
TikTok has become one of the world’s biggest stories in business and geo- politics. US President Joe Biden recently signed a law that will ban the massively popular app in nine months if its Chinese owner, ByteDance, does not sell it to a non-Chinese entity. TikTok, for its part, has called the law “political theatre," and it is probably right: there is always some theatrics in politics, and bashing China is currently one of the most popular shows in town.
04.05 / 06:15
UPS MET CEO ByteDance TikTok Schools Interviews TikTok's boss goes from reserved tech executive to Met Gala chair
Met Gala serves as a branding event for Vogue, it has long accepted sponsorships from the tech giants that have threatened the very survival of legacy media publications. Amazon founder Jeff Bezos appeared as the ball's honorary chair in 2012. Four years later, when Apple was a Met Gala sponsor, its CEO, Tim Cook, showed up in tux and tails. And Instagram supplied cash in 2022.
03.05 / 02:01
Platform ByteDance TikTok wellness Universities Artists from Universal Music Group are heading back to TikTok as new licensing deal reached
Artists from Universal Music Group, which include Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as the two parties have struck a new licensing agreement following an approximately three-month long dispute
01.05 / 11:03
security ByteDance TikTok Opinion President social Schools Most Americans see TikTok as a Chinese influence tool, Reuters/Ipsos poll finds
Americans believe that China uses TikTok to shape U.S. public opinion, according to a Reuters/Ipsos poll conducted as Washington moves closer to potentially banning the Chinese-owned short-video app. Some 58% of respondents to the two-day poll, which closed on Tuesday, agreed with a statement that the Chinese government uses TikTok, which is owned by China's ByteDance, to "influence American public opinion." Some 13% disagreed, and the rest were unsure or didn't answer the question. Republicans were more likely than Democrats to see China as using the app to affect U.S. opinions.
29.04 / 21:45
security ByteDance TikTok President reports Videos How TikTok grew from a fun app for teens into a potential national security threat
If it feels like TikTok has been around forever, that’s probably because it has, at least if you’re measuring via internet time
28.04 / 12:41
BLOCK Platform security Mobile ByteDance TikTok country These are the countries where TikTok is already banned
TikTok is banned in a handful of countries and not allowed on government-issued devices in a number of others
28.04 / 11:49
security ByteDance TikTok President reports Videos How TikTok grew from a fun app for teens into a potential national security threat
TikTok has been around forever, that's probably because it has, at least if you're measuring via internet time. What's now in question is whether it will be around much longer and, if so, in what form? Starting in 2017, when the Chinese social video app merged with its competitor Musical.ly, TikTok has grown from a niche teen app into a global trendsetter. While, of course, also emerging as a potential national security threat, according to U.S. officials.
28.04 / 11:13
UPS Platform ByteDance TikTok country audience Videos TikTok creators fear economic blow of US ban
Now the online platform she relies on to support her family is poised to be banned in what entrepreneurs using TikTok condemn as an attack on their livelihoods.
28.04 / 02:11
security ByteDance TikTok President reports Videos How TikTok grew from a fun app for teens into a potential national security threat?
TikTok has been around forever, that's probably because it has, at least if you're measuring via internet time. What's now in question is whether it will be around much longer and, if so, in what form? Starting in 2017, when the Chinese social video app merged with its competitor Musical.ly, TikTok has grown from a niche teen app into a global trendsetter. While, of course, also emerging as a potential national security threat, according to U.S.
27.04 / 18:49
Action ByteDance TikTok President exclusive Features Courts US courts may take note of India’s stance on TikTok: FCC chief Brendan Carr
India’s swift and preemptive action against TikTok could be a feature that plays out in American courts as the ByteDance-owned firm is likely to challenge the US move to ban its video-hosting service, Federal Communications Commission (FCC) commissioner Brendan Carr told ET in an exclusive interaction. Carr’s comments come close on the heels of a stringent directive issued to the popular app by US President Joe Biden on Wednesday. He signed a bill that requires TikTok’s Chinese parent ByteDance to divest ownership of the app or face the ban in the next nine to 12 months. ByteDance said it is not considering selling the app with TikTok CEO Shou Zi Chew asserting that the facts and the US Constitution were on the company’s side. TikTok’s official account on microblogging platform X has been stating that a potential ban on its app in the US would “trample the free speech” of 170 million Americans.
26.04 / 04:27
UPS Reuters Platform ByteDance TikTok reports Videos ByteDance prefers TikTok shutdown in US if legal options fail: report
TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said. The algorithms TikTok relies on for its operations are deemed core to ByteDance's overall operations, which would make a sale of the app with algorithms highly unlikely, said the sources close to the parent.
25.04 / 19:35
UPS Platform Fighting ByteDance TikTok social Videos The TikTok law kicks off a new showdown between Beijing and Washington. What's coming next?
TikTok is gearing up for a legal fight against a U.S. law that would force the social media platform to break ties with its China-based parent company or face a ban
25.04 / 19:15
Platform ByteDance TikTok Bill voice reports Videos Tik Tok ban in US: When will the video sharing app stop working for you?
TikTok ban bill, setting a firm deadline for ByteDance, the parent company of the popular video-sharing app, to sell its U.S. operations. The bill, passed by the U.S. Senate, imposes a deadline of January 24, 2025, for ByteDance to complete the sale process or face potential repercussions.
25.04 / 13:41
UPS Platform ByteDance TikTok Experts Courts rights TikTok has promised to sue over the potential US ban. What's the legal outlook?
Legislation forcing TikTok’s parent company to sell the video-sharing platform or face a ban in the U.S. has received President Joe Biden’s official signoff
24.04 / 21:15
Platform ByteDance TikTok Bill President Videos Biden just signed a bill that could ban TikTok. His campaign plans to stay on the app anyway
President Joe Biden’s signing of legislation that could ban TikTok in the U.S. runs counter to his campaign’s embrace of the platform and outreach to influencers
24.04 / 19:03
Google Platform security Apple ByteDance TikTok President What a TikTok ban in the US could mean for you
After years of attempts to ban the Chinese-owned app, including by former President Donald Trump, a measure to outlaw the popular video-sharing app has won congressional approval and is on its way to President Biden for his signature
24.04 / 05:23
Platform ByteDance TikTok Bill President information rights Senate passes bill forcing TikTok's parent company to sell or face ban, sends to Biden for signature
The Senate has passed legislation that would force TikTok’s China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers that’s expected to face legal challenges and disrupt the lives of c...
24.04 / 02:39
WhatsApp ByteDance TikTok Battlefield social US Congress passes long-delayed Ukraine aid
Joe Biden vowing new arms supplies will be delivered swiftly to the warzone as Russia makes battlefield gains. Days after the House of Representatives cleared the measure — part of a massive $95 billion in assistance to allies including Israel and Taiwan — the Senate followed suit, passing the package with broad bipartisan support.
23.04 / 08:46
Platform ByteDance TikTok Bill social information TikTok ban in US: Key bill passed, what will happen next?
TikTok ban in the US could soon become a reality after The House of Representatives passed a bill that have provisions to make social media inaccessible in America if Chinese investments are not divest of. The bill makes a strong case for stringent law, as per a report New York Post. The TikTok legislation, which was included in a package of bills that would send aid to Ukraine and Israel, could become law as soon as next week if the Senate moves quickly.
23.04 / 07:18
security ByteDance TikTok Bill President social TikTok says US House bill that could ban app would 'trample' free speech
TikTok on Sunday repeated its free-speech concerns about a bill passed by the House of Representatives that would ban the popular social media app in the U.S. if Chinese owner ByteDance did not sell its stake within a year. The House passed the legislation on Saturday by a margin of 360 to 58. It now moves to the Senate where it could be taken up for a vote in the coming days. President Joe Biden has previously said he would sign the legislation on TikTok.
20.04 / 12:15
Platform economy Election ByteDance TikTok Bill social X owner Elon Musk says opposed to US ban of competitor TikTok
Elon Musk on Friday came out against banning TikTok in the United States, even if it would mean less competition for his social media platform X, formerly Twitter, as the initiative sees fresh bipartisan momentum in Congress.

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