ByteDance

ByteDance‘s TikTok, Meta Platforms Inc‘s (NASDAQ:META) Instagram Reels and Alphabet Inc‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube Shorts are the three largest short-form video platforms. The META Analyst: Needham analyst Laura Martin reiterated an Underperform rating for Meta in a...

Vice President Kamala Harris has launched her own TikTok account, following her announcement to run for the presidency. What Happened: “Well, I've heard that recently I've been on the ‘for you' page, so I thought I would get on here myself,” Harris said in her first post...

Former President Donald Trump previously tried to ban TikTok, but had a reversal of opinion on the Chinese-owned app as a potential U.S. ban is nearing. What Happened: In a recent interview, Trump said that big technology companies like Meta Platforms Inc (NASDAQ:META)- owned Facebook and Alphabet...

Elon Musk‘s SpaceX is reportedly set to value itself at a record $210 billion in a tender offer, exceeding its previous $200 billion estimate. What Happened: SpaceX is planning to sell insider shares at $112 each, a price higher than expected. This move will increase the company’s value...

In a bid to secure a stable supply of high-end chips amid U.S.-China tensions, TikTok-parent ByteDance is reportedly collaborating with U.S. chip designer Broadcom (NASDAQ:AVGO) to develop an advanced AI processor. What Happened: The chip in question is a 5-nanometer custom product known as an...

TikTok and its China-based parent company ByteDance Ltd. contend the U.S. could have enacted lighter alternatives to banning the app to address national security concerns. President Joe Biden signed a bill into law in late April that would force a sale of TikTok by ByteDance, if not completely ban...

Broadcom Inc. (NASDAQ) is not only holding its position in the datacenter and AI Ethernet switching market but is also making significant strides forward. With its stock currently trading at $1,735.04, Broadcom is expected to achieve notable gains, targeting a price of $2,000 by December, according...

Earlier this week, former President Donald Trump made a surprising move by joining TikTok, the social media platform he once sought to ban. His account has amassed more than five million followers, surpassing the Joe Biden campaign’s following. What Happened: The Biden-Harris HQ account...

Amid the ongoing legal battle with the U.S. government, ByteDance Ltd., the parent company of TikTok, has appointed a new global general counsel. What Happened: John Rogovin, the former top lawyer at Warner Bros. Discovery Inc., has been named the new global general counsel at ByteDance....

ByteDance-owned TikTok on Thursday refuted a report stating that the platform is working on a clone of its recommendation algorithm for its 170 million U.S. users. What Happened: TikTok intends to create a version of its algorithm that functions separately from its Chinese parent...

The Chinese-owned social media platform TikTok has become increasingly popular among U.S. citizens in recent years. After a recently signed U.S. law requiring parent company ByteDance Ltd. to divest U.S. operations or face a ban, speculation abounded regarding a potential American buyer. Could...

ByteDance Ltd.'s TikTok is reportedly planning to lay off a significant number of employees from its operations, content, and marketing departments as it battles President Joe Biden‘s new law forcing it to either divest or be banned. What Happened: The layoffs are expected to be announced on...

The U.S. Justice Department and TikTok have reportedly requested a U.S. appeals court to expedite the legal proceedings regarding a new law that mandates parent company BytDance to divest TikTok’s U.S. assets by a certain date or face a ban. What Happened: The U.S. Justice Department and...

A group of TikTok creators has filed a lawsuit against the U.S. government, contesting a law signed by President Joe Biden that mandates the divestment of the popular video-sharing app or a complete ban. What Happened: The lawsuit, filed on Tuesday in a U.S. federal court, is a response to the law...

TikTok, the popular video-sharing app, will automatically label artificial intelligence (AI)-generated content. This move comes amid growing concerns about the spread of online disinformation and deepfakes. What Happened: TikTok, owned by ByteDance Ltd., will introduce features to label videos...