TikTok

Rubio Unconvinced Oracle Can Prevent TikTok Leaks To China
Rubio Unconvinced Oracle Can Prevent TikTok Leaks To China
September 21, 2020  |  Security & Fraud

As the deal between Oracle Corp. and Walmart Inc. takes shape for a minority stake in TikTok Global, one U.S. senator isn’t convinced the app’s...

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Judge Temporarily Blocks Trump’s WeChat Ban
Judge Temporarily Blocks Trump’s WeChat Ban
September 20, 2020  |  Legal

Score one for WeChat. A California federal judge has temporarily blocked President Donald Trump’s executive order prohibiting WeChat, the social media app owned by China’s...

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Oracle And Walmart Could Pay $12B For TikTok Stake Under Deal Trump Endorses
Oracle And Walmart Could Pay $12B For TikTok Stake Under Deal Trump Endorses
September 20, 2020  |  Partnerships / Acquisitions

Chinese tech giant ByteDance reportedly wants Oracle and Walmart to pay $12 billion for a combined 20 percent stake in its social media giant TikTok...

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TikTok Invites Facebook To Challenge TikTok Ban
TikTok Invites Facebook To Challenge TikTok Ban
September 18, 2020  |  Mobile Applications

In its battle against President Donald Trump’s intentions to block its app domestically, TikTok is requesting the help of rival Facebook Inc., Bloomberg reported. The...

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Today In Payments Around The World: Uber Aims To Sell Portion Of Didi Stake; Investors Seek Majority US Ownership For TikTok
Today In Payments Around The World: Uber Aims To Sell Portion Of Didi Stake; Investors...
September 18, 2020  |  International

In today’s top payments news around the world, Uber Technologies wants to shed a portion of its minority ownership in Didi Chuxing, and investors in...

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Today In Payments: Affirm Raises $500M; US Offices At 50 Pct Capacity In August
Today In Payments: Affirm Raises $500M; US Offices At 50 Pct Capacity In August
September 18, 2020  |  News

In today’s top news, Affirm raised $500 million, and U.S. offices were reportedly at only half capacity in August. Plus, the European Union could pass...

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Clock Ticks On TikTok, WeChat Bans – And eCommerce May Suffer
Clock Ticks On TikTok, WeChat Bans – And eCommerce May Suffer
September 18, 2020  |  Mobile Applications

Sunday looms as a red-letter day for TikTok and Tencent’s WeChat – and tens of millions of users who use the apps to conduct commerce....

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Trump Administration Announces TikTok And WeChat Bans To Start Sunday
Trump Administration Announces TikTok And WeChat Bans To Start Sunday
September 18, 2020  |  Mobile Applications

President Donald Trump will follow through on his pledge to ban downloads of TikTok and WeChat starting Sunday (Sept. 20).  The U.S. Commerce Department announced...

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Walmart, Oracle Stake Could Push TikTok Into Majority US Ownership
Walmart, Oracle Stake Could Push TikTok Into Majority US Ownership
September 18, 2020  |  Partnerships / Acquisitions

Backers of a new group vying to buy the U.S. operations for TikTok want to craft an agreement giving U.S. interests a majority stake in...

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