TikTok Financial News

U.S. Department of Justice plans to focus an upcoming lawsuit against TikTok on allegations that the popular social media platform violated the privacy rights of children, rather than claims it misled adult users about its data privacy practices, according to a source familiar with the matter. The U.S. Federal Trade Commission investigated the potential violations by TikTok and its parent company ByteDance and referred the case to the Justice Department on Tuesday.

As online-dating apps court new and younger audiences, some of their marketing efforts are turning off daters instead. Bumble last month apologized for ads making light of women so frustrated with online dating that they would consider celibacy. The League, a dating app targeting “the overly ambitious," was called “ick-inducing" for its recent ad campaign, which included taglines like “Date someone with a 5-year-plan that makes you want to ovulate." And Hinge’s yearslong “Designed to Be Deleted" campaign has started to fall flat for longtime users still looking for love on their phones.

TikTok on Thursday disclosed a letter the company sent to the government in April accusing the federal agency that once held the platform’s future in its hands of “political demagoguery.”

TikTok is currently rooting for Taylor Swift's new Eras Tour shows, the upcoming one being held in London. Now, they have unveiled a very interactive feature on Taylor Swift which is a first-of-its-kind, focused on her massively popular Eras Tour shows.

McCourt, a US real estate billionaire, aims to buy TikTok to rescue the internet from the clutches of major platforms that he firmly believes are destroying society and endangering children. In the United States, McCourt is best known as the former owner of the Los Angeles Dodgers baseball team, while in Europe he is the current proprietor of storied football club Olympique de Marseille that counts French President Emmanuel Macron among its fans.

William Lewis set out in 2020 to build a modern newsroom. His plan: Don’t resist the power of social media. Embrace it.

The Federal Trade Commission has referred a complaint against TikTok and its Beijing-based parent company to the Department of Justice

At what age should kids be on social media

garlic to get relief from acne has gone viral on TikTok, reports 'USA Today'. The netizens have taken it seriously and thousands of people have started eating garlic cloves, without consulting a doctor. Though garlic is healthy, dermatologists have warned that they have no evidence to suggest that it can help with acne. They have advised these netizens to consult a dermatologist instead and make improvements to their health and diet overall. Talking to the news outlet, dermatologist Dr. Brooke Jeffy said that eating garlic can't hurt anyone, other than giving some really bad breath. He said further that there are many tried-and-true ways to treat acne. He further said that some good nutritional dietary things are rooted in science that do not apply to this garlic trend.

Wells Fargo & Co. fired more than a dozen employees last month after investigating claims that they were faking work. 

Princess of Wales Kate Middleton has? This is the question that has been asked many times since the Royal Palace announced that the princess is suffering from a life-threatening disease. She as well as Kensington Palace has refused to divulge any information on this issue. But this question has become important after rumors began doing the rounds that Kate Middleton was possibly receiving treatment at MD Anderson Cancer Center in Houston. Kensington Palace has since denied it.

At what age should kids be on social media

A growing number of experts say the most realistic and effective way of teaching children about social media is a slow, deliberate onboarding, rather than an outright ban or allowing free reign

Kids constantly hear about the downsides of social media from the adults in their lives, often in the form of dire warnings and commands

The damaging consequences of social media are increasingly well documented, so some parents are trying to raise their children with restrictions or blanket bans on social media use

TikTok says it has taken steps to stop a cyberattack targeting high-profile accounts, including one belonging to CNN

Temu, a popular marketplace where consumers can buy direct from factories overseas at cheap prices, is drawing concerns from lawyers and privacy experts who allege the shopping app can be “invasive” for unwitting users.

Donald Trump has joined TikTok, the video-sharing app he once tried to ban as president

presidential candidate Donald Trump has joined TikTok, the short video social media platform that is owned by China-based tech giant ByteDance and that he tried to ban as president, ahead of the U.S. elections in November.

Meta said on Friday its flagship app Facebook is attracting its highest number of young adults in three years, as it tries to shake the platform's reputation as the bastion of an older generation.

TikTok is working on a clone of its recommendation algorithm for its 170 million U.S. users that may result in a version that operates independently of its Chinese parent and be more palatable to American lawmakers who want to ban it, according to sources with direct knowledge of the efforts. The work on splitting the source code ordered by TikTok's Chinese parent ByteDance late last year predated a bill to force a sale of TikTok's U.S. operations that began gaining steam in Congress this year. The bill was signed into law in April.