ByteDance

Vice President J.D. Vance is being put in charge of overseeing a deal to save TikTok after President Donald Trump changed his mind and decided to temporarily save the Chinese social media app. What Happened: Vance, who is a former venture capitalist, is being tasked with helping land the best deal...

Negotiations over the sale of TikTok's U.S. operations appear to be at an impasse as its Chinese parent company, ByteDance, delays progress while awaiting a green light from Beijing. President Donald Trump's numerous corporate allies are racing to broker a deal with an American buyer. China,...

A group of U.S. investors, with backing from YouTube star Jimmy Donaldson, also known as MrBeast, has amassed over $20 billion to bid for TikTok. What Happened: The group, led by tech entrepreneur Jesse Tinsley, includes Roblox Corp. (NYSE:RBLX) CEO David Baszucki and Anchorage Digital CEO Nathan...

Jeff Bezos-backed Perplexity AI has reportedly submitted a revised proposal to merge with TikTok's U.S. business, offering the U.S. government a 50% stake in the new entity. What Happened: The new plan, submitted to TikTok's parent company, ByteDance last week, allows the U.S. government to own up...

App stores from Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) and Apple Inc (NASDAQ:AAPL) currently don’t allow users to download TikTok due to uncertainty about whether it will be permanently banned in the U.S. But a person without TikTok has at least one route to getting the app. What Happened: As...

TikTok-parent ByteDance is reportedly gearing up to invest over $12 billion in artificial intelligence infrastructure by 2025. What Happened: The Beijing-based tech giant has allocated approximately RMB 40 billion ($5.5 billion) for AI chip acquisitions within China, effectively doubling its...

A highly publicized ban of TikTok by the U.S. led to other apps getting caught in the crossfire, including a game featuring Marvel superheroes. Here's a look at what happened and what the executive order signed by President Donald Trump means for the game's future. What Happened: The Supreme Court...

The U.S. Supreme Court has upheld a ruling that TikTok will be banned in the country unless parent company ByteDance sells off the American portion of the business. What Happened: In a unanimous decision, the Supreme Court issued its ruling that TikTok is set to be banned on Jan. 19, ending access...

NBA team owner Mark Cuban says a pending TikTok ban could impact the lives of content creators, but will likely have a minimal impact on the NBA and other sports leagues. What Happened: Cuban, who is a part owner of the NBA's Dallas Mavericks, was recently asked if the TikTok ban could be bad for...

Chinese officials are considering Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk as a potential buyer for TikTok’s U.S. operations, as the social media platform faces a Jan. 19 deadline to divest or shut down. What Happened: The discussions, though preliminary, envision a potential scenario where...

A TikTok ban in the United States is approaching, as the Supreme Court signals support for enforcing a Jan. 19 deadline. Here's a look at what happens to your app if the ban goes through, what could happen next, and what companies stand to benefit. TikTok Ban Nears: The Supreme Court recently heard...

The U.S. Supreme Court heard oral arguments Friday in the case regarding legislation that could ban TikTok in the United States in nine days. The Background: Last year, Congress passed a law requiring TikTok parent company ByteDance to sell TikTok or the app, which has about 170 million users in...

Billionaire Elon Musk became the first person in the world to have a wealth of more than $400 billion, an accomplishment that came following the 2024 presidential election. Musk wasn't the only billionaire to see their wealth grow dramatically in 2024. Here's a look at the top 10 richest people in...

ByteDance, the Chinese tech powerhouse behind TikTok and Douyin, is charging ahead in the AI race, and it’s doing so with a very big chip on its shoulder—or rather, chips. In a bold move to expand its artificial intelligence (AI) footprint, the company is set to spend up to $7 billion in...

President-elect Donald Trump tried to ban TikTok during his first presidential term but is now open to keeping the social media app around ahead of a pending January ban. What Happened: Similar to a reversal of opinion on cryptocurrency, Trump has had a change of heart about banning TikTok from the...