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TikTok CEO Kevin Mayer Quits, Says US Push For A Sale Drove Decision
Thursday, August 27, 2020 - 1:14am | 424TikTok CEO Kevin Mayer said in an internal memo that he is resigning as the head of the short-form video app, the Financial Times reported Thursday. What Happened: Mayer, a former executive at Walt Disney Co (NYSE: DIS), made the decision to leave TikTok after President Donald...
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ByteDance Investors Sequoia, General Atlantic Lend Support To Oracle TikTok Bid: WSJ
Tuesday, August 25, 2020 - 1:03am | 468Two major investors in TikTok parent company ByteDance are lending support to Oracle Corp’s (NYSE: ORCL) purchase of the short-form video app, with the intent of being a part of a deal, the Wall Street Journal reported Monday. What Happened: General Atlantic and Sequoia Capital...
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Zuckerberg Fueled Trump Administration's TikTok Anxieties Ahead Of Executive Order: WSJ
Sunday, August 23, 2020 - 10:22pm | 465Facebook Inc (NASDAQ: FB) CEO Mark Zuckerberg raised the issue of Chinese companies threatening American businesses at a White House dinner last October, and discussed TikTok with multiple senators, the Wall Street Journal reported Sunday. What Happened: The social media company executive...
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Oracle Joins Microsoft In Race To Acquire TikTok's Business In Major Markets: FT
Tuesday, August 18, 2020 - 12:36am | 438Oracle Corporation (NYSE: ORCL) has expressed interest to acquire the business of China-based ByteDance's social media platform TikTok in the United States and other major markets including Canada, Australia and New Zealand, according to a Financial Times report Monday. What...
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Fintech Focus For August 17, 2020
Sunday, August 16, 2020 - 12:38pm | 1894Quote Of The Day: You will face many defeats in life, but never let yourself be defeated. - Maya Angelou Fintech Movers: Conversational AI or chatbot technology is proving a key technology, enabling customers to interact with their banks anytime, any place. - Tech Wire JPM to lead Consensys note...
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ByteDance Gets 90 Days To Divest Its US Stake In TikTok
Saturday, August 15, 2020 - 1:37pm | 343What Happened: President Donald Trump on Friday gave a 90-day ultimatum to ByteDance to divest the U.S. operations of its video-sharing app, TikTok. On Aug. 6, the president had signed an executive order which barred all U.S. companies to have any form of dealings with ByteDance and...
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Twitter In Talks To Merge With TikTok US Business: WSJ
Sunday, August 9, 2020 - 9:42pm | 467Twitter Inc. (NYSE: TWTR) held preliminary discussions with China’s ByteDance Ltd. for a potential merger with the latter’s short-form video platform TikTok in the United States, according to a Wall Street Journal report Saturday. What Happened: Twitter’s market valuation is too...
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Fintech Focus Roundup For August 8, 2020
Sunday, August 9, 2020 - 9:12pm | 973Why The Rocket IPO Marks A Paradigm Shift In Finance What Is Happening? Rocket Companies, home to Quicken Loans, the nation's largest retail mortgage lender, priced its 100-million share IPO offering at $18 per share, valuing the company at about $36 billion. What Does It Mean? The IPO is just...
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Trump Signs Executive Orders To Ban TikTok, WeChat In 45 Days, Unless Parent Firms Agree To Sell Apps
Thursday, August 6, 2020 - 10:28pm | 415President Donald Trump signed two executive orders Thursday evening that would effectively ban TikTok and WeChat operations in the United States, if China-based parent companies ByteDance and Tencent Holdings Ltd. (OTC: TCEHY) fail to make sales within 45 days from now. What Happened...
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Microsoft Looking To Buy TikTok's Entire Global Business, Not Just In Four Countries: FT
Thursday, August 6, 2020 - 9:50pm | 400Microsoft Corporation (NASDAQ: MSFT) is looking to buy all of TikTok’s global operations, and not just in four countries as previously indicated, according to a Financial Times report Thursday. What Happened The Redmond, Washington-based company is looking to scoop up the short-form...
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Here's How Microsoft Would Benefit From The TikTok Deal
Tuesday, August 4, 2020 - 6:13pm | 481Microsoft Corporation's (NASDAQ: MSFT) potential acquisition of TikTok in the United States could save the popular social media app from being banned, but what's in it for the tech giant? TikTok, which is owned by China-based ByteDance, has faced criticism for potentially gathering data on...
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Snapchat Plans To Add TikTok-Like Music Features By Fall This Year
Tuesday, August 4, 2020 - 4:36am | 405Snap Inc’s (NYSE: SNAP) messaging app Snapchat is planning to release a feature this fall that will allow users to set their Snaps to background music, something which TikTok users can do at present, TechCrunch reported Monday. What Happened The feature is likely to provide users...
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Trump Asks Microsoft, ByteDance To Pay US Govt A Cut From TikTok Acquisition Deal
Monday, August 3, 2020 - 9:38pm | 400President Donald Trump is ready to approve Microsoft Corporation's (NASDAQ: MSFT) purchase of ByteDance’s short-form video app TikTok — but only if the United States government received “a lot of money,” the Wall Street Journal reported Monday. What Happened...
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Microsoft's Interest In Buying TikTok Is A 'Deal Of A Decade Opportunity'
Monday, August 3, 2020 - 1:00pm | 438Microsoft Corporation (NASDAQ: MSFT) is in talks to acquire TikTok's operations outside of China. Microsoft Can Get A Good Deal: TikTok's Chinese parent company ByteDance is "looking down a dark black hole" as U.S. President Donald Trump could ban the TikTok app amid national...
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UK Approves TikTok Parent ByteDance's Relocation To London Amid Microsoft Buyout Talks: Report
Monday, August 3, 2020 - 4:32am | 368TikTok parent company ByteDance's bid to relocate from Beijing to London has received the approval of the United Kingdom government, Reuters reported Monday, citing local media. What Happened: The agreement between the U.K. authorities and the owner of the short-form video app could...