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TikTok finalizes deal for its US entity

TikTok has finalized the deal for its US entity, with its parent company ByteDance selling majority of its stake to a group of non-Chinese investors. The deal was closed just before the Trump Administration’s latest deadline, banning the app in the US unless it was divested from ByteDance, which will only retain 20 percent of the new entity. TikTok’s investors will own 80 percent, with Oracle, Silver Lake and MGX, an Emirati-state owned investment firm, taking 15 percent each. Other investors include the investment firm of Dell’s CEO. The terms of the deal were first leaked last month, after TikTok CEO Shou Chew reportedly told employees in a memo that TikTok and ByteDance had agreed to a group of investors. This ends a lengthy saga and months of slow progress as the agreement was be [...]

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Destination
What will happen to TikTok? A look at the potential buyers.

TikTok may be back online, but the app’s future in the United States is still far from certain. President Donald Trump’s executive order delaying enforcement of the ban was only a temporary reprie [...]

Match Score: 193.77

Destination
The Morning After: Apple might be making its own AirTag-sized AI wearable

It’s been a while since rumors and reports suggested Apple is exploring a new divisive product category, and it’s been several years since the Apple car. Unfortunately, the new challenger is a wea [...]

Match Score: 100.95

Destination
Everyone suddenly has cold feet about banning TikTok

With a TikTok ban seemingly imminent, TikTok users have spent the last few days fleeing to Chinese social media app “RedNote,” trying to learn Mandarin, and bidding heartfelt farewells to their [...]

Match Score: 99.57

Destination
California will investigate TikTok's alleged censorship of anti-Trump posts

California Governor Gavin Newsom has announced that his office is investigating whether TikTok is truly censoring content critical of Trump, days after ByteDance finalized a deal to spin off its busin [...]

Match Score: 73.86

Destination
Supreme Court upholds TikTok ban

The Supreme Court has sided with the Biden Administration on a law that could ban TikTok in the coming days. In a unanimous ruling, the court upheld the law, writing in an unsigned opinion that " [...]

Match Score: 72.88

Destination
TikTok is no longer available in the US

The switch has flipped on the US TikTok ban. TikTok's app stoped working and was removed from the App Store and Google Play on Saturday night, just hours before the January 19 ban was expected to [...]

Match Score: 72.83

Destination
Trump administration will reportedly get $10 billion for brokering the TikTok deal

There may have been some extra incentive for the Trump administration to get the TikTok US deal done. According to a report from The Wall Street Journal, the Trump administration is set to receive a t [...]

Match Score: 72.07

Destination
TikTok fined $602 million for illegally sending European user data to China

The Irish Data Protection Commission (DPC) has fined TikTok owner ByteDance €530 million ($602 million) for breaching the European Union's privacy laws. The regulator said TikTok sent European [...]

Match Score: 70.54

Destination
TikTok US launches a local feed that leverages a user's exact location

TikTok US just launched a local feed for users to "get the inside scoop on must-try restaurants, shops, museums and events." This is done by leveraging the exact location of people that are [...]

Match Score: 70.38