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Fintech Focus Roundup For August 8, 2020
Sunday, August 9, 2020 - 8:12pm | 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 - 9:28pm | 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 - 8:50pm | 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 - 5:13pm | 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 - 3:36am | 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 - 8:38pm | 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 - 12:00pm | 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 - 3:32am | 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...
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Microsoft Says Looking To Wrap Up TikTok Purchase Talks By Sept. 15, After CEO's Conversation With Trump
Sunday, August 2, 2020 - 8:42pm | 357Microsoft Inc. (NASDAQ: MSFT) announced Sunday it was prepared to continue discussions on the purchase of the short-form video app TikTok. What Happened The company's CEO Satya Nadella had a conversation with President Donald Trump and is “prepared to continue discussions to explore...
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TikTok Is On The Clock As Trump Threatens Ban, Microsoft Mulls Acquisition
Saturday, August 1, 2020 - 6:48am | 340TikTok, the popular social media video app with more than 500 million worldwide users, is caught in a political and technological crossfire. What Happened: On July 7, Secretary of State Mike Pompeo told Fox News the U.S. is “looking at” banning TikTok and other Chinese social media apps...
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TikTok Expected To Cut Ties With ByteDance, Operate As US Company: Trump Administration
Thursday, July 16, 2020 - 9:04pm | 286Popular short-form video application TikTok may change ownership and is expected to operate as a United States-based company, according to the White House economic adviser Larry Kudlow. What Happened ByteDance-owned TikTok leaving its China-based holding company is a better option than an outright...
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TikTok Under Investigation Over Violation Of Children's Privacy: Report
Wednesday, July 8, 2020 - 3:52am | 327The short-form video application, TikTok, owned by China’s ByteDance, is under investigation by the United States Justice Department and the Federal Trade Commission for failing to protect children’s privacy. What Happened Federal authorities are investigating whether TikTok...
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Facebook Expands 'Instagram Reels' To India After Country Bans TikTok
Tuesday, July 7, 2020 - 1:57am | 314Facebook Inc. (NASDAQ: FB) has started testing the "Reels" feature on its subsidiary Instagram platform in India, according to a report from Business Insider. What Happened Instagram Reels lets users post 15-second videos with audio clips as stories, similar to those on China-based...
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ByteDance Explores Partnership With Singapore's Lee Business Family For Digital Banking License: Report
Monday, June 15, 2020 - 4:45am | 250ByteDance is exploring a partnership with Singapore's influential Lee business family for its digital banking license in the country, the Financial Times reported Monday. The Chinese internet technology company, best known as the owner of video social media app TikTok, is among the several...
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Bored In The House? Top Disney Exec Departs To Take TikTok CEO Job
Monday, May 18, 2020 - 4:36pm | 396Was Walt Disney Co (NYSE: DIS) executive Kevin Mayer "bored in the house" and wanting to take on a new task? That appears to be the case as Mayer has been named chief executive of TikTok and chief operating officer of its parent company Bytedance. What To Know About Mayer Mayer...