ByteDance Financial News

12.03 / 03:43

Reuters security ByteDance TikTok Bill Justice Department Donald Trump warns of TikTok national security threat but says some kids could 'go crazy' without it

US House to vote on bill giving ByteDance 165 days to divest TikTok or face ban The U.S. House of Representatives is set to vote on Wednesday under fast-track rules that require two-thirds of members to vote "yes" for the measure to win passage. TikTok told Congress late Monday in a letter seen by Reuters it is "not owned or controlled by the Chinese government" and argued if the company was sold another buyer would not continue TikTok's $1.5 billion effort to protect U.S.

10.03 / 19:11

Platform security ByteDance TikTok Bill social reports A bill that could lead to a nation-wide TikTok ban is gaining momentum. Here's what to know

TikTok once again finds itself in a precarious position

10.03 / 03:49

security ByteDance TikTok Bill Justice Department Videos TikTok divestment bill would give government stronger legal position: US DOJ

ByteDance to divest TikTok, rather than simply banning the short video app used by 170 million Americans, the Justice Department told Congress in a document seen by Reuters. Lawmakers and the Biden administration say TikTok poses enormous national security risks because the Chinese government could gain access to data from millions of American users.

09.03 / 05:39

Platform Election ByteDance TikTok Bill President social Biden says he would sign TikTok crackdown, Trump raises concerns

Joe Biden said on Friday he would sign legislation that gives China's ByteDance about six months to divest the popular TikTok short video app as his rival Trump raised concerns about a ban of the service used by 170 million Americans. The U.S. House of Representatives plans to vote on Tuesday or Wednesday of next week on the TikTok crackdown bill after a committee on Thursday unanimously approved the measure. The House will vote on the proposal under rules requiring two-thirds of members to vote «yes» to win approval.

08.03 / 22:21

security ByteDance TikTok Bill Justice Department Videos TikTok divestment bill would give government stronger legal position, US DOJ says

By David Shepardson

08.03 / 16:17

Platform security ByteDance TikTok Bill President rights Bill that could make TikTok unavailable in the US advances quickly in the House

A bill that could lead to the popular video-sharing app TikTok being unavailable in the United States is quickly gaining traction in the House

08.03 / 12:29

Mobile ByteDance TikTok Bill Celebrity gatherings Videos A TikTok Stunt Motivates Lawmakers to Take on the App

WASHINGTON—U.S. lawmakers are mounting their most serious attempt to effectively either ban popular video app TikTok or separate it from its Chinese owner, advancing a bill that has more political momentum than previous attempts. As lawmakers prepared to consider the legislation on Thursday, users of the app, which is accessed by more than 170 million Americans, saw notifications urging them to complain to their House representative about the bill.

08.03 / 05:43

security ByteDance TikTok Bill President 2020 rights US House to vote next week on TikTok crackdown bill

The Energy and Commerce Committee 50-0 vote represents the most significant momentum for a U.S. crackdown on TikTok, which has about 170 million U.S. users, since then President Donald Trump unsuccessfully tried to ban the app in 2020.

08.03 / 04:23

Provident security ByteDance TikTok Bill President US House to vote next week on bill that gives ByteDance 165 days to divest TikTok or face ban

Also Read: 'I will not bow down': US President Joe Biden tells Russia's Vladimir Putin at State of the Union address 2024 Representative Mike Gallagher, the Republican chairman of the House select China committee, and Representative Raja Krishnamoorthi, the panel's top Democrat, introduced legislation to address national security concerns posed by Chinese ownership of the app. The bill would give ByteDance 165 days to divest TikTok; if it did not, app stores operated by Apple, Google and others could not legally offer TikTok or provide web hosting services to ByteDance-controlled applications.

07.03 / 11:29

Provident ByteDance TikTok Bill President reports rights New push in Congress to ban TikTok or force Chinese divestiture gains steam

By David Shepardson

06.03 / 09:31

Platform Action security ByteDance TikTok Bill TikTok Faces U.S. Ban in New Draft Bill

TikTok, the short-video platform owned by Chinese internet company ByteDance, is facing renewed political pressure in the U.S. from a draft bill that could lead to a ban of its popular video-sharing app. The bill, introduced in Congress on Tuesday, calls for Beijing-based ByteDance to divest itself of TikTok or face the platform being banned from app stores and web-hosting services in the U.S.

06.03 / 07:55

security ByteDance TikTok Bill Trade rights Videos ACLU says US House bill that could ban TikTok is unconstitutional

WASHINGTON (Reuters) — The American Civil Liberties Union said a bill in the U.S. House of Representatives that would force Chinese-based ByteDance to divest short video app TikTok or face a U.S. ban is unconstitutional.

02.03 / 14:49

markets Provident Digital Platform ByteDance TikTok European Commission social X, ByteDance, Booking.com could face tough EU rules

Elon Musk's X social media platform, TikTok owner ByteDance and Booking.com may meet EU criteria subjecting them to tough tech rules as so-called gatekeepers, the European Commission said late Friday, after notifications by the companies. The Digital Markets Act (DMA) designates companies with more than 45 million monthly active users and 75 billion euros ($81 billion) in market capitalisation as gatekeepers providing a core platform service for business users.

02.03 / 14:49

markets Digital Google Apple ByteDance TikTok Browser Apple's new EU measures draw complaint from 34 digital organisations

Apple is making to its services in the European Union «make a mockery» of new antitrust rules in the bloc, 34 digital organisations complained to the European Commission this week. They include app makers Epic Games and Spotify.

17.02 / 04:05

Provident Google CEO ByteDance SpaceX SOLIDARITY Schools OpenAI completes deal that values company at $80 billion

OpenAI has completed a deal that values the San Francisco artificial intelligence company at $80 billion or more, nearly triple its valuation in less than 10 months, according to three people with knowledge of the deal. The company would sell existing shares in a so-called tender offer led by venture firm Thrive Capital, the people said. The deal lets employees cash out their shares in the company, rather than a traditional funding round that would raise money for business operations.

15.02 / 00:09

Citi Platform ByteDance TikTok Instagram Meta Ceo social Courts New York Mayor sues social media firms for fueling youth mental health crisis

(Reuters) -New York City Mayor Eric Adams said on Wednesday that his administration has filed a lawsuit against social media companies including Meta Platforms (NASDAQ:META)' Facebook and Instagram for fueling mental health crisis among the youth.

13.02 / 20:51

markets Digital Google Platform Apple ByteDance Investigations Apple, Microsoft win exemptions for iMessage, Bing from EU rules

By Foo Yun Chee, Bart H. Meijer and Martin Coulter

13.02 / 16:39

markets Digital Google Platform security Apple ByteDance Meta Platforms Big relief! Apple, Microsoft win exemptions from EU rules

Apple and Microsoft have secured exemptions for their iMessage and Bing search engine respectively from new EU tech regulations, after successfully convincing antitrust regulators that their services do not serve as gateways for businesses to reach end-users. The European Union's Digital Markets Act (DMA), set to take effect in three weeks, mandates tech giants like Apple, Microsoft, Google, Amazon, Meta Platforms, and ByteDance to allow third-party apps or app stores on their platforms and facilitate user switching to competitors. Additionally, these companies are barred from favoring their services over rivals.

12.02 / 03:31

Election ByteDance TikTok President show Videos bowling Biden campaign joins TikTok in push for young voters

By Sheila Dang and David Shepardson

24.01 / 04:45

COST Provident Platform ByteDance TikTok social Videos TikTok is laying off dozens of workers as the tech industry continues to shed jobs in the new year

TikTok is laying off dozens of workers in its advertising and sales unit, becoming the latest tech company to trim jobs in the new year

18.01 / 00:34

BLOCK CEO Platform ByteDance TikTok social Courts Iowa sues TikTok alleging parents misled about inappropriate content

By Nate Raymond and David Shepardson

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