Bytedance

TikTok Ban Becomes Law as Social Commerce Takes Off
TikTok Ban Becomes Law as Social Commerce Takes Off
April 24, 2024  |  Regulation

President Joe Biden has signed a law banning TikTok unless it’s sold within a year. As NPR noted in its report Wednesday (April 24), the law is the largest threat...

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TikTok: Ban Will Hurt 7 Million US Businesses
TikTok: Ban Will Hurt 7 Million US Businesses
April 21, 2024  |  Social Commerce

TikTok says a ban on its platform in the U.S. hurts free speech and American businesses. The social media platform made this argument Sunday (April 21),...

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TikTok US User Numbers Slow Amid Possible Ban
TikTok US User Numbers Slow Amid Possible Ban
March 17, 2024  |  Social Commerce

TikTok’s troubles apparently go beyond a possible ban in the U.S. The social media platform has seen user growth slow for the first time in...

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Former Treasury Secretary Steven Mnuchin Aims to Buy TikTok
Former Treasury Secretary Steven Mnuchin Aims to Buy TikTok
March 14, 2024  |  Acquisitions

Former Treasury secretary Steven Mnuchin is assembling a group of investors to attempt to purchase TikTok. Mnuchin told CNBC about this plan Thursday (March 14),...

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House OKs TikTok Ban Aimed at Guarding Consumer Data
House OKs TikTok Ban Aimed at Guarding Consumer Data
March 13, 2024  |  Politics

American lawmakers have approved a bill that could ban TikTok in the U.S. The U.S. House of Representatives voted 352-65 Wednesday (March 13) in favor of the legislation, aimed...

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EU Could Add X and ByteDance to Digital ‘Gatekeeper’ List
EU Could Add X and ByteDance to Digital ‘Gatekeeper’ List
March 03, 2024  |  Regulation

X, ByteDance and Booking.com could be added to the European Union’s “gatekeeper” list. The European Commission (EC) made that announcement Friday (March 1) after receiving notifications from the...

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TikTok Invests $1.5 Billion in Indonesia’s eCommerce Platform Tokopedia
TikTok Invests $1.5 Billion in Indonesia’s eCommerce Platform Tokopedia
December 11, 2023  |  Acquisitions

TikTok is reportedly investing $1.5 billion in Tokopedia to salvage its Indonesian eCommerce efforts. The company is set to take a controlling 75.01% stake in Tokopedia, the eCommerce arm of Indonesia’s GoTo...

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ByteDance Slashes Jobs as It Pares Down Gaming Division
ByteDance Slashes Jobs as It Pares Down Gaming Division
November 27, 2023  |  Personnel

ByteDance is reportedly eliminating hundreds of jobs as it scales back its gaming unit, Nuverse. The Chinese tech giant, which also owns TikTok, has no...

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Judge Rejects Social Media Companies’ Efforts to Dismiss Lawsuits
Judge Rejects Social Media Companies’ Efforts to Dismiss Lawsuits
November 14, 2023  |  Legal

A federal judge in Oakland, California, has ruled against major social media companies, rejecting their efforts to dismiss nationwide litigation accusing them of illegally enticing...

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