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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 - 9:42pm | 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 - 7:48am | 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 - 10:04pm | 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 - 4:52am | 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 - 2:57am | 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 - 5:45am | 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 - 5:36pm | 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...
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TikTok Has Taken Over: Here Are The Big Money Players Behind The Social Media App
Thursday, May 14, 2020 - 6:00pm | 680Social media has been one of the few segments of the economy that have benefited from the shelter-in-place environment. While ad budgets have dropped, social media engagement numbers have skyrocketed as American’s social interactions have been pushed online. TikTok may be the biggest winner...
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TikTok Considers Launching Reality TV Show
Friday, May 1, 2020 - 12:54am | 383TikTok is in discussions about creating a reality TV show based on its own app to reach wider audiences. What Happened China-based ByteDance, which owns TikTok, has been having internal discussions about producing a TV show. ByteDance has also been approached by independent...
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Forget Facebook, Snapchat, Twitter: TikTok Is The Breakout COVID-19 Social Media Platform
Friday, April 24, 2020 - 5:07pm | 491Social media has been one of only a handful of sectors that is benefiting from the stay-at-home environment. Social distancing has forced social interactions online for the time being, but investors looking to capitalize on the surge in social media usage be surprised at the big winner. On...
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TikTok Donates $3M To Schwarzenegger's Charity To Help Children Affected By Coronavirus Outbreak
Friday, March 20, 2020 - 7:26am | 306Social media company TikTok is donating $3 million to help feed children affected by school closures during the novel coronavirus (COVID-19) outbreak, it announced Thursday. The money would be donated through After-School All-Stars, a charity founded by former California governor Arnold...
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Report: TikTok's Global HQ Won't Be In US
Monday, December 23, 2019 - 11:55am | 324Video-sharing social media app TikTok and its parent company, China-based Bytedance, is looking for a global headquarters and no U.S. cities made it on to a shortlist, according to The Wall Street Journal. What Happened TikTok's most-senior executive works out of Shanghai, China and the company...
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TikTok Owner Partners With State Media Firm To Offer Blockchain, AI Services In China
Monday, December 16, 2019 - 1:59am | 280A subsidiary of Beijing-based internet company ByteDance has formed a joint venture with state-run media firm Shanghai Dongfang Newspaper Co Ltd, according to Reuters. What Happened The new company called Pengpai Audiovisual Technology (Jinan) Co Ltd will offer services related to artificial...