2020-10-26@21:56:18 GMT
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TikTok Global:

    TikTok’s clock is moving awfully slow. Negotiations to keep the video-sharing app alive in the US could stretch into November as its Chinese owner irons out kinks in its proposed partnership with two American companies, a new report says. President Trump gave his “blessing” almost two weeks ago to the deal that would create a new US-based entity called TikTok Global, partially owned by Oracle and Walmart, in an attempt to address the White House’s national security concerns. But the companies involved are preparing for the formal approval process to continue beyond the Nov. 3 presidential election as TikTok parent ByteDance works to finalize its proposal with the Committee on Foreign Investment in the US, a key government panel...
    Hong Kong (CNN Business)A US ban on TikTok could start on Sunday. Maybe.There have been so many twists and turns in the saga of the app that each development can feel as fleeting as its 15-second videos. On Thursday, a US judge ordered the Trump administration to either postpone its ban on TikTok or respond by Friday afternoon to a request from the app's parent company, ByteDance, to temporarily block the ban. New Chinese rules could complicate a sale of TikToks US businessBeijing also still needs to weigh in on a deal that would see Oracle (ORCL) and Walmart (WMT) invest in a new US-based entity, TikTok Global. And US President Donald Trump said Monday that American companies need to...
    China and U.S. flags are seen near a TikTok logo in this illustration picture taken July 16, 2020.Florence Lo | ReutersVIDEO1:3401:34Latest developments in the TikTok saga as U.S. app store ban loomsStreet Signs Asia A federal judge has asked the U.S. government whether it will delay an upcoming ban on the viral video-sharing app TikTok or defend its policy in court over the weekend. It's the latest development in the TikTok saga which has ramped up tensions between China and the U.S. and led to a complicated and fluid deal for the social media app, owned by a Chinese parent company ByteDance.  Here's a rundown of where we are right now in this story which is constantly changing.Why is there...
    A recent report states that Attorney General William Barr remains unconvinced that a  recently announced partnership between the Chinese-owned social media app TikTok and U.S. companies Oracle and Walmart will safeguard user data from Chinese spying. Fox Business reports that despite the preliminary approval earlier this week of a partnership between the Chinese-owned app TikTok and U.S. firms Oracle and Walmart by President Donald Trump, Attorney General William Barr is not yet convinced that the partnership is sufficient to protect the data of U.S. citizens from the Chinese government. A spokeswoman for Barr told Fox Business that Barr “is still in the fact-gathering stage and has not reached a final decision or made a final recommendation to the president.” Barr’s concern...
    The TikTok app icon sits displayed on a smartphone in front the national flags of China and the U.S. in this arranged photograph in London, U.K., on Monday, Aug. 3, 2020.Hollie Adams | Bloomberg | Getty Images GUANGZHOU, China — TikTok owner ByteDance has applied for an export license in line with Chinese regulations, as it pushes for a deal with Oracle and Walmart for the video-sharing app's U.S. operations to avoid a shutdown in the country. The application was submitted to the Beijing municipal bureau of commerce, ByteDance said in a statement in Chinese on Thursday. The company said it was waiting for a decision. But the statement did not mention the pending deal in the U.S. nor the exact...
    TikTok asked a US judge on Wednesday to block a Trump administration order that would require Apple and Alphabet’s Google to remove the short video-sharing app for new downloads starting on Sunday. A federal judge in San Francisco on Saturday issued a preliminary injunction blocking a similar Commerce Department order from taking effect on Sunday on Tencent Holdings’ WeChat app. US officials have expressed serious concerns that the personal data of as many as 100 million Americans that use the app was being passed on to China’s Communist Party government. On Saturday, the Commerce Department announced a one-week delay in the TikTok order, citing “recent positive developments” in talks over the fate of its US operations. TikTok said the...
    TikTok asked a U.S. judge on Wednesday to block a Trump administration order that would require Apple Inc and Alphabet Inc's Google to remove the short video-sharing app for new downloads starting Sunday.  A federal judge in San Francisco on Saturday issued a preliminary injunction blocking a similar Commerce Department order from taking effect Sunday on Tencent Holdings' WeChat app.  U.S. officials have expressed serious concerns that the personal data of as many as 100 million Americans that use the app was being passed on to China's Communist Party government.  FILE - People walk past a WeChat Pay sign at the Tencent company headquarters, in Shenzhen, Guangdong province, China, Aug. 7, 2020.On Saturday, the Commerce Department announced a one-week...
    President Donald Trump was furious with Treasury Secretary Steven Mnuchin over the way the TikTok Global agreement was sold to him, two current Trump administration officials and one former administration official confirmed to the Daily Caller. Since August, Mnuchin has been the administration’s lead official in searching for a U.S. company to purchase TikTok from parent company ByteDance, despite some administration officials — including White House Trade and Manufacturing Policy Director Peter Navarro — pushing Trump instead to ban the social media app entirely. (RELATED: Sen Hawley Wants TikTok Deal With Oracle Rejected, Says Move Allows For China’s Control Over The App) WASHINGTON, DC – JULY 29: U.S. President Donald Trump speaks as Secretary of Treasury Steven Mnuchin (L) and...
    The Chinese-owned video-sharing app TikTok recently laid out a partnership with U.S. companies Oracle and Walmart in a deal that has delayed the banning of the app for American users — here are five key facts about the deal currently pending government approval. Breitbart News recently reported that President Trump gave preliminary approval to a deal in which Oracle and Walmart will partner with the popular Chinese-owned video-sharing app TikTok in the United States, allowing the app to continue to operate within the country. Speaking to reporters on the White House South Lawn before departing for North Carolina, President Trump stated: “I have given the deal my blessing — if they get it done that’s great, if they don’t that’s okay too....
    Walmart has agreed to back an education fund proposed by President Donald Trump as part of a deal between the retailer and Oracle to partner with Chinese-owned video-sharing app TikTok, according to a source familiar with the matter. The financial contribution will come from the new company that emerges from the unusual transaction, called TikTok Global. The arrangement will allow the app to continue operating in the U.S. after the Trump administration threatened to ban it over national security concerns. Yet to be decided is how much money Walmart and Oracle would contribute to the fund and how it would be used.  Walmart and Oracle are looking to take a stake of up to 20% of TikTok Global. TikTok's current...
    Hong Kong (CNN Business)Two prominent Chinese media outlets are urging Beijing to kill what they call a "dirty" and "unpalatable" deal intended to keep TikTok operating in the United States.The editorial boards of China Daily and the Global Times — both state-run publications — this week blasted an arrangement that would give American companies at least some ownership in the short-form video app. TikTok's parent company ByteDance is based in Beijing. "What the United States has done to TikTok is almost the same as a gangster forcing an unreasonable and unfair business deal on a legitimate company," China Daily wrote in an editorial published Wednesday, which called the deal a "dirty and underhanded trick." Trump approves TikTok deal. But big...
    A recent report shows that tensions between TikTok and its potential U.S. partner, Oracle, have risen as a debate over the ownership structure of the potential U.S.-based corporation continues. A report from the Wall Street Journal states that a disagreement between the Chinese-owned video-sharing app TikTok and its potential U.S. partner Oracle over the ownership structure for a U.S.-based version of the company has gone public. The argument raises questions about the stability of the deal that President Donald Trump approved in principle over the weekend, which appeared to save TikTok from being banned in the U.S. All parties involved in the deal have agreed that Oracle and Walmart would take a combined 20 percent stake in TikTok Global, a new U.S.-based...
    TikTok’s proposed US partnership with Oracle and Walmart is unlikely to win approval in Beijing, Chinese state media says. China’s state-run Global Times newspaper published an editorial late Monday saying the deal to keep the video-sharing app alive in America would “hurt China’s national security, interests and dignity.” “From the information provided by the US, the deal was unfair,” the editorial reads. “It caters to the unreasonable demands of Washington. It’s hard for us to believe that Beijing will approve such an agreement.” The deal between Walmart, Oracle and TikTok parent ByteDance must win approval from both China and the Trump administration, which has threatened to ban TikTok over concerns that Beijing could get ahold of its user data....
    TikTok’s proposed US partnership with Oracle and Walmart is unlikely to win approval in Beijing, Chinese state media says. China’s state-run Global Times newspaper published an editorial late Monday saying the deal to keep the video-sharing app alive in America would “hurt China’s national security, interests and dignity.” “From the information provided by the US, the deal was unfair,” the editorial reads. “It caters to the unreasonable demands of Washington. It’s hard for us to believe that Beijing will approve such an agreement.” The deal between Walmart, Oracle and TikTok parent ByteDance must win approval from both China and the Trump administration, which has threatened to ban TikTok over concerns that Beijing could get ahold of its user data. TikTok...
    Firefighter who died in El Dorado fire is ID’d as crew boss The best cheap burger in every state Hooligan logic: Chinese state media hardens stance on TikTok deal, casts doubt over Beijings approval Chinese state-backed tabloid Global Times, often seen as being close to Beijing's thinking, said its hard for it to believe Beijing will approve the TikTok deal in its current form. The tabloid took issue with some of the terms of the deal including the 4-1 majority of Americans on the TikTok Global board and the fact Oracle can inspect the app's source code.  Currently, confusion reigns over the deal with TikTok parent ByteDance saying it will own 80% of the U.S.-based TikTok Global and...
    China and U.S. flags are seen near a TikTok logo in this illustration picture taken July 16, 2020.Florence Lo | Reuters Chinese state media has accused the U.S. of "hooligan logic" in its push for certain conditions in the TikTok deal and cast doubt over whether Beijing will approve the terms. State-backed Global Times appears to have changed its stance toward the deal after more confusion over the terms of the agreement in which a new U.S.-based company, called TikTok Global, will be set up with U.S. giants Walmart and Oracle taking minority stakes.  The publication, often seen as being close to Beijing's thinking, called the deal "unfair" on Monday and accused Washington of "bullying" and "hooligan logic" because of the...
    TikTok logo displayed on a phone screen is seen with Walmart logo in the background in this illustration photo taken on September 21, 2020.Jakub Porzycki | NurPhoto | Getty Images Brick-and-mortar giant Walmart may seem like an odd match for TikTok, an algorithm-driven social platform known for hosting memes and viral dance challenges. But a closer look at Walmart's e-commerce and digital media moves shows that TikTok could help it blend the in-store and online shopping experience, while giving it an edge with young Americans. Walmart said Saturday that it has tenatively agreed to take a 7.5% stake of a newly created company based in the U.S. called TikTok Global. Walmart CEO Doug McMillon would get a seat on the five-person board...
    Chinese state media trumpeted this weekend’s tentative deal between China’s ByteDance and U.S. companies Oracle and Walmart for control over the social media platform TikTok as a major victory for the Chinese firm against “U.S. hegemonic suppression.” President Donald Trump gave the deal his “blessing” over the weekend, at least “in concept.” “If they get it done, that’s great. If they don’t, that’s okay too,” Trump said. The deal upon which Trump conveyed his tepid blessing would establish a new company called TikTok Global, to be headquartered in the United States. Oracle and Walmart would own 20 percent of the company, and four of its five board members would be American. China’s state-run Global Times hailed the deal as a...
    In a statement to reporters on Monday, Oracle announced that its new TikTok venture will be entirely divested from ByteDance, a significant break from previous reports of the agreed deal between the two companies. “Upon creation of TikTok Global, Oracle/Walmart will make their investment and the TikTok Global shares will be distributed to their owners, Americans will be the majority and ByteDance will have no ownership in TikTok Global,” the company said in a statement to reporters. The statement differs significantly from earlier reports, which showed Oracle and Walmart taking only a 20 percent stake in the new venture and ByteDance maintaining control of the other 80 percent. ByteDance has not publicly relinquished its claim to the company, and Oracle...
    Bytedance CEO and founder poses for a photograph in Beijing, China.Gilles Sabrie | Bloomberg | Getty Images Following the weekend's announcement that Oracle will take a 12.5% stake in TikTok and run cloud services and security for the app, President Donald Trump characterized the deal as a win for the U.S. by making TikTok a company that's owned and controlled by Americans. This is despite the fact that Chinese investors and companies will still own a large percentage of TikTok and have a say on the board of a newly created company based in the U.S. called TikTok Global. Speaking on Fox News Monday morning, Trump said the Chinese won't have anything to do with TikTok after the deal goes...
    TikTok’s parent company, ByteDance, has emphasized that it will remain in control of the TikTok Global business which appears to contradict President Trump’s recent statement that the entity will be direct by Americans and pay a $5 billion fee to the U.S. government. Bloomberg reports that TikTok’s Chinese parent company ByteDance has emphasized that it will remain in control of TikTok Global which was recently founded to meet the Trump administration’s demands that an American firm stays in control of the app and it’s user data. President Trump recently granted preliminary approval for a deal in which Oracle and Walmart will partner with the popular Chinese-owned video-sharing app TikTok in the United States, allowing the app to continue to operate within...
    President Trump said he will not approve a deal to keep TikTok running in the US if its Chinese parent company remains in control of the popular video-sharing app. Trump on Monday said he wanted Walmart and Oracle to have “total control” of TikTok in the US after Bejing-based ByteDance claimed it would still own the app under its proposed partnership with the two American companies. “They [ByteDance] will have nothing to do with it and if they do we just won’t make the deal,” Trump said in a Monday interview with Fox News. Trump on Saturday said he had given his “blessing” to a deal that would see software firm Oracle and retail giant Walmart take a 20...
    Chinese tech giant ByteDance said Monday that it would retain control of TikTok under its deal to keep the popular video-sharing app alive in the US. The Beijing-based firm made the claim in a statement addressing “rumors” that TikTok would become an American-owned company — as ByteDance’s US partners, Oracle and Walmart, said when they announced the deal Saturday. ByteDance said TikTok Global, a new US-based company set up to run the app in the states, was its “100 [percent] owned subsidiary.” Its ownership will drop to 80 percent after a “small round” of financing before the new company goes public, according to the statement posted on WeChat, a Chinese social media platform. Walmart and Oracle, however, have said TikTok...
    Chinese tech giant ByteDance said Monday that it would retain control of TikTok under its deal to keep the popular video-sharing app alive in the US. The Beijing-based firm made the claim in a statement addressing “rumors” that TikTok would become an American-owned company — as ByteDance’s US partners, Oracle and Walmart, said when they announced the deal Saturday. ByteDance said TikTok Global, a new US-based company set up to run the app in the states, was its “100 [percent] owned subsidiary.” Its ownership will drop to 80 percent after a “small round” of financing before the new company goes public, according to the statement posted on WeChat, a Chinese social media platform. Walmart and Oracle, however, have said TikTok Global...
    This photo illustration taken on September 14, 2020 shows the logo of the social network application TikTok (L) and a US flag (R) shown on the screens of two laptops in Beijing.Nicolas Asfouri | AFP | Getty Images GUANGZHOU, China — Beijing-based ByteDance said it would own a majority stake in the new TikTok Global in the U.S., appearing to contradict President Donald Trump's claims the deal has "nothing to do with China." On Saturday, Trump gave his blessing to a deal that would see Oracle and Walmart take a minority stake in a U.S.-headquartered company called TikTok Global. Oracle would become the secure cloud provider and host American users' data in the country.  "It'll be a brand new company. It...
    Butker good from 58 in OT, Chiefs survive Herberts LA debut These 4 States Just Had Their Biggest COVID Spikes of the Whole Pandemic ByteDance says it will not transfer algorithm and technology to Oracle as part of TikTok deal ByteDance will not transfer algorithms and technologies to Oracle as part of a deal announced over the weekend to keep social media app TikTok operating in the U.S. Oracle will have the "authority to check the source code of TikTok" in the U.S. President Donald Trump said he approved a deal on Saturday that will see the creation of a U.S.-headquartered firm called TikTok Global with Oracle and Walmart taking minority stakes. © Provided by CNBC The logos...
    Weekend Schedule for Las Vegas Motor Speedway The best, worst and weirdest minivans of all time Oracle TikTok Deal Wins Trump’s Blessing: Deal at a Glance (Bloomberg) -- Oracle Corp.’s agreement to take a stake in TikTok has won the long-awaited blessing of U.S. President Donald Trump. © Bloomberg The logo for ByteDance Ltd.'s TikTok app is arranged for a photograph on a smartphone in Sydney, New South Wales, Australia, on Monday, Sept. 14, 2020. Oracle Corp. is the winning bidder for a deal with TikTok’s U.S. operations, people familiar with the talks said, after main rival Microsoft Corp. announced its offer for the video app was rejected. The proposal, which would give Oracle and other investors minority ownership...
    (CNN) — President Donald Trump said Saturday he has approved a deal between TikTok’s parent company, ByteDance, and Oracle, temporarily averting a ban on TikTok in US app stores. The Commerce Department confirmed in a statement Saturday evening that it would delay — by one week — restrictions that were originally to take effect on Sunday. ByteDance will continue to be majority owner of TikTok under the agreement Trump said he approved, according to a person familiar with the matter. Speaking to reporters, Trump said he approved the deal “in concept.” “I have given the deal my blessing,” Trump said. “If they get it done, that’s great. If they don’t, that’s okay, too.” The deal will also include Wal-Mart, Trump said, adding that “the...
    Louisville federal buildings close as city awaits state findings on Breonna Taylor Foods you can and cant keep after their expiration date Trump Blesses Oracle’s TikTok Deal, Delays App Store Ban (Bloomberg) -- Donald Trump gave his blessing to Oracle Corp.’s bid for the American operations of TikTok, putting the popular video-sharing app on course to escape a U.S. ban imposed as part of his pressure campaign against China. Load Error “I approved the deal in concept,” Trump told reporters Saturday as he left the White House for a campaign rally in Fayetteville, North Carolina. “If they get it done, that’s great. If they don’t, that’s OK too.” The new company, which will be called TikTok Global, has...
    SAN FRANCISCO (CNN) — President Donald Trump said Saturday he has approved a deal between TikTok’s parent company, ByteDance, and Oracle, temporarily averting a ban on TikTok in U.S. app stores. The Commerce Department confirmed in a statement Saturday evening that it would delay — by one week — restrictions that were originally to take effect on Sunday. ByteDance will continue to be majority owner of TikTok under the agreement Trump said he approved, according to a person familiar with the matter. Speaking to reporters, Trump said he approved the deal “in concept.” “I have given the deal my blessing,” Trump said. “If they get it done, that’s great. If they don’t, that’s okay, too.” The deal will also include...
    Mel Reid takes 2-shot lead in Cambia Portland Classic Hacks and secrets for shopping at Walmart Oracle TikTok Investment Wins Trump’s Blessing: Deal at a Glance (Bloomberg) -- Oracle Corp.’s agreement to take a stake in TikTok has won the long-awaited blessing of U.S. President Donald Trump. © Bloomberg The logo for ByteDance Ltd.'s TikTok app is arranged for a photograph on a smartphone in Sydney, New South Wales, Australia, on Monday, Sept. 14, 2020. Oracle Corp. is the winning bidder for a deal with TikTok’s U.S. operations, people familiar with the talks said, after main rival Microsoft Corp. announced its offer for the video app was rejected. The proposal, which would give Oracle and other investors minority ownership...
    (Adds Treasury statement, share distribution) By David Shepardson, Alexandra Alper and Echo Wang WASHINGTON/NEW YORK, Sept 19 (Reuters) – U.S. PresidentDonald Trump said he supports a deal that will allow TikTok tocontinue to operate in the United States, after threatening toban the Chinese-owned app in August. He told reporters at the White House he backs the deal withTikTok owner ByteDance, Oracle and Walmart tocreate a new company that will assume TikTok’s U.S. operationscalled TikTok Global. The U.S. Treasury said in a statement “Oracle will beresponsible for key technology and security responsibilities toprotect all U.S. user data. Approval of the transaction issubject to a closing with Oracle and Walmart and necessarydocumentation and conditions to be approved by” the Committee onForeign Investment...
    By Alexandra Alper and David Shepardson WASHINGTON (Reuters) - U.S. President Donald Trump said he "approves a deal in concept" that will allow TikTok to continue to operate in the United States, after threatening to ban the Chinese-owned app in August. He told reporters at the White House he was giving the deal with Oracle "my blessing" and that it had addressed U.S. national security concerns. About 100 million Americans use TikTok and U.S. officials have expressed concern about user data and the potential for China to access that data. "The security will be 100%," Trump told reporters. "Conceptually it's a great deal for America." Reuters reported on Thursday the new company, dubbed TikTok Global, will have a majority...
    China’s state-run Global Times on Thursday praised “defiant” ByteDance, parent company of the video microblogging platform TikTok, for refusing to sell full control of the platform to an American company to avoid getting banned by the Trump administration. The Global Times cannot admit that the real problem with TikTok is that, like all Chinese systems, it is subject by law to control by the Chinese military-intelligence apparatus and it harvests a troubling amount of data about its users. Instead, the newspaper asserted that the controversy is “elusive” and “extremely complex.” The article praised the Chinese government for its “low-key but firm measures to protect its technologies and companies,” as if China were the victim of technology theft rather than the...
    NEW YORK (Reuters) - China's ByteDance is planning a U.S. initial public offering of TikTok Global, the new company that will operate the popular short video app, should their proposed deal be cleared by the White House, people familiar with the matter said on Thursday. The filing of an IPO for TikTok Global, in which Oracle Corp would also own a stake, would be on a U.S. stock exchange and could come in about a year, the sources said, requesting anonymity because the matter is confidential. ByteDance and Oracle did not immediately respond to requests for comment. (Reporting by Stephen Nellis in San Francisco and Echo Wang in New York; Editing by Chris Reese) Copyright 2020 Thomson Reuters.
    TikTok will be restructured as part of a new company headquartered in the United States while Oracle, which will own a minority stake in the app's global operations, will manage Americans’ user data in hopes of winning the approval of President Trump, it has been reported. The changes are part of an agreement between Oracle and TikTok’s Chinese-based parent company, ByteDance, that is subject to approval by the Trump administration. Trump has vowed to ban the service by September 20 if it is not sold to an American company that would have oversight of user data. ByteDance, TikTok's Beijing-based owner, had been in talks to divest the US business of its hugely popular short-video app to Oracle or Microsoft after...
    Under the arrangement, TikTok’s headquarters for the entire app, not just its American operations, will move to the US. ByteDance will keep the app’s recommendation algorithm, while TikTok’s data will be “processed independently by Oracle,” according to the FT. American user data will be stored by Oracle in the US. Donald Trump had previously set a Sept. 15 deadline for TikTok to become an American company or face a ban in the US. Microsoft had also teamed up with Walmart on a bid, which was ultimately rejected.  Developing…
    ByteDance staff walk past the ByteDance headquarters building in Beijing on July 8, 2020.Greg Baker | AFP | Getty Images China's ByteDance, the owner of TikTok, has quietly been racking up users for its music streaming service Resso, as it continues to expand its international presence despite ongoing U.S. pressure.  The app, which was formally released in India and Indonesia in March, now has 15.2 million total installs on the App Store and Google Play, according to data from Sensor Tower. From Aug. 1 to Aug. 30, the app reached about 3.6 million installs from first-time users around the world. This is up 64% from the 2.2 million installs the app saw from July 1 to July 30. India is Resso's...
    Kevin Mayer is out as TikTok’s CEO less than four months after taking the job. While his resignation comes in the middle of ongoing political turmoil brought on by the Trump administration, his decision to leave likely has less to do with politics and more to do with his own autonomy as an acquisition looms. “I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for,” Mayer said in an email to staff, posted in full on Pandaily. “Against this backdrop, and as we expect to reach a resolution very soon, it is with a heavy heart that I wanted to let you all know...
    Chairman of Direct-to-Consumer & International division of The Walt Disney Company Kevin Mayer took part today in the Disney+ Showcase at Disney’s D23 EXPO 2019 in Anaheim, Calif., August 23, 2019.Jesse Grant TikTok CEO Kevin Mayer has quit the company just months after his appointment.   "In recent weeks, as the political environment has sharply changed, I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for. Against this backdrop, and as we expect to reach a resolution very soon, it is with a heavy heart that I wanted to let you all know that I have decided to leave the company," Mayer said in a letter...
    Nicolas Economou | NurPhoto | Getty Images TikTok revealed specific U.S. and global monthly active user details for the first time in its lawsuit challenging the U.S. government over an effective ban that is set to take place next month. In the filing, TikTok revealed its monthly active users have grown nearly 800% since Jan. 2018, when the application was used by about 11 million Americans. About a year later, that figure had more than doubled to about 27 million. By June 2020, months into pandemic quarantines, TikTok's total number of U.S. month active users had soared to more than 91 million. More than 100 million Americans are monthly active users today, the company said earlier this month. The company...
    Chinese state media reported on Friday, with no small amount of nationalist glee, that the owner of controversial video blogging platform TikTok plans to file suit against President Donald Trump for threatening to ban TikTok in the United States with an executive order. The Chinese reports were long on breathless invective and fairly short on details, such as what venue the ByteDance software company might choose to file its lawsuit and what its guiding legal theory might be.  The state-run Global Times, for example, began by describing Trump’s executive order as a “white-knuckle move that has led analysts to label him a modern-day pirate.”  Later in the article, these were revealed to be nameless “Chinese analysts” who said the “crackdown...
    Microsoft is now reportedly seeking to buy all of TikTok’s global business, including the video app’s operations in India and Europe, the Financial Times reported on Thursday. Microsoft has been in negotiations with ByteDance — the Chinese owner of TikTok — to explore “a purchase of the TikTok service in the United States, Canada, Australia, and New Zealand,” according to a report by Financial Times. The report added that Microsoft is also pursuing a plan that would include all countries where the app operates, according to multiple individuals with knowledge of the plan. Microsoft executives are also seeking to mitigate the Chinese government, given that it is looking to avoid being caught in crossfire between Beijing and Washington, according to two of the...
    Microsoft is reportedly chasing a deal to buy TikTok's entire global business as it makes a bid to purchase the US arm of the video-sharing app following President Donald Trump's threats to ban it. According to a Financial Times report on Thursday, the deal to buy TikTok globally includes its operations in India and Europe, five people with knowledge of the talks said.  However, a source familiar with the discussions told Reuters that Microsoft had not raised the prospect of buying all of TikTok in its ongoing negotiations with the video app's parent company ByteDance.  Microsoft refused to confirm or deny the reports when contacted by DailyMail.com.  According to a Financial Times report on Thursday, the deal to buy...
    Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City BY NEHA MALARA AND GREG ROUMELIOTIS Microsoft Corp is chasing a deal to buy all of TikTok’s global business, the Financial Times reported on Thursday, citing five people with knowledge of the talks. However, a source familiar with the discussions told Reuters that Microsoft had not raised the prospect of buying all of TikTok in its negotiations with ByteDance. Microsoft had said it was seeking to buy the assets of TikTok in North America, Australia and New Zealand. It had not disclosed how much it was willing to pay, though sources previously told Reuters that ByteDance executives value all of TikTok...
    Prime Minister Boris Johnson has reportedly backed the idea of Chinese app TikTok basing its global headquarters in London, as President Donald Trump prepares to ban or force the sale of the app in America. Amidst growing concern about the Beijing-based short-form video app, the British government risks creating another row with the United States over the issue of Chinese involvement in the United Kingdom by allowing TikTok to establish its global hub in London. The move would come after months of wrangling with the Trump administration over the issue of Huawei involvement in the British 5G network. On Sunday, The Sun newspaper reported that Boris Johnson’s government has already approved the decision and that the government would announce the...
    By Yingzhi Yang and Brenda Goh BEIJING/SHANGHAI (Reuters) - Microsoft Corp's potential acquisition of TikTok's U.S. operations is the latest twist in a rollercoaster two years for the short video app, which has come under growing scrutiny from overseas governments as its global popularity soars. With TikTok, owner ByteDance became the first Chinese company to achieve global success with a consumer app. But amid rising U.S-China tensions, the White House has threatened to ban TikTok and other Chinese-owned apps, citing national security risks. U.S. President Donald Trump has now given ByteDance and Microsoft until Sept. 15 to reach a deal. Microsoft is also looking to buy the app's Canadian, Australian and New Zealand services. Following is a timeline of TikTok's...
    China will by no means accept the “theft” of a Chinese technology company, and it has plenty of ways to respond if the administration carries out its planned smash and grab. Meanwhile, TikTok parent ByteDance told the BBC it was “committed to being a global company,” and that it has been “evaluating the possibility of establishing TikTok’s headquarters outside of the US, to better serve our global users.” The social media app is one of the few originating in China to gain success in the US market. Hu Xijin, the editor of another state-backed Chinese paper, the Global Times, called the potential sale “open robbery” and tweeted that “President Trump is turning the once great America into an rogue...
    UNBEATEN middleweight prospect James Hawley has been dropped by his management company for his vile homophobic rant on TikTok. The 21-year-old was asked by a fan whether he supports LGBT rights, with the 6-0 boxer stating that he thinks gay people are "dirty c****" and that he feels sorry for their families. 2James Hawley has been dropped by MTK Global for his views on homosexual people The clip of Hawley's views was shared by Drag Race UK star Baga Chipz on Twitter on Wednesday, which showed the Hitman candidly speaking about homosexual and transgender people. Replying to the question, Hawley said: "I 1,000, 1million per cent do not agree with this stuff. Listen, I can understand girls get with each...
    MENLO PARK (CBS SF / CNN) — Instagram believes that it can do TikTok better than TikTok — and this August, people will be able to decide for themselves. Instagram announced Friday that it’s preparing to launch its own video-sharing feature, Reels, in the United States and 50 other countries, just one week after it began testing the platform in India. The Reels announcement comes as TikTok finds itself in a newly weakened position, after India banned the short-form video app and the Trump administration indicated he would do the same. Instagram announced on July 17, 2020 that it’s preparing to launch its own video-sharing feature, Reels, in the United States and 50 other countries, just one week after it began testing...
    New York (CNN Business)Instagram believes that it can do TikTok better than TikTok — and this August, people will be able to decide for themselves.Instagram announced Friday that it's preparing to launch its own video-sharing feature, Reels, in the United States and 50 other countries, just one week after it began testing the platform in India. The Reels announcement comes as TikTok finds itself in a newly weakened position, after India banned the short-form video app and the Trump administration indicated he would do the same.Reels will let people record and edit 15-second videos set to music and audio, and upload them to their stories and Instagram's Explore feature. An official launch date has not yet been announced.Instagram and its...
    Popular social media applications logos are displayed on the screen of an Apple iPhone.Chesnot | Getty Images News | Getty Images Facebook will launch Instagram Reels, its answer to TikTok, in the United States and more than 50 other countries in a matter of weeks, according to sources familiar with the matter who were not authorized to speak publicly. The global launch, which has been in the works for over a year, comes as TikTok is facing scrutiny from Washington over its handling of user data and amid larger tensions between the United States and China. Like TikTok, Instagram Reels lets users make and share 15-second video clips set to a vast catalogue of music. Like TikTok, users can also...
    You can’t say you didn’t see it coming. Whatever Twitter eventually comes to say about the events of July 15th, 2020, when it suffered the most catastrophic security breach in company history, it must be said that the events were set in motion years ago. Beginning in the spring of 2018, scammers began to impersonate noted cryptocurrency enthusiast Elon Musk. They would use his profile photo, select a user name similar to his, and tweet out an offer that was effective despite being too good to be true: send him a little cryptocurrency, and he’ll send you a lot back. Sometimes the scammer would reply to a connected, verified account — Musk-owned Space X, for example — giving it additional...
    Getty Images TikTok users in the U.S. and Hong Kong are deeply concerned after realizing that political matters may have jeopardized their future on the app.  U.S. Secretary of State Mike Pompeo told Fox News on Monday that he is "looking at" banning TikTok and other Chinese social media apps amid rising tensions between Washington and Beijing.  Within hours of hearing that the U.S. could potentially block TikTok, users of the short video app were freaking out on the platform.  "I do not accept this," one user wrote. "Let's not U.S.," wrote another.  "Well then I really won't have a life," another said. "TikTok is literally my life," another user wrote.  A TikTok post about the potential ban received 17,000...