[ad_1] The country’s Ministry of Commerce argued that the export list changes were overdue after remaining the same since 2008. It was important given the breakneck pace of technological improvement and China’s increasingly competitive output, according to officials. Neither ByteDance nor the Commerce Ministry has commented on the new rules. The move escalates an already […]
Category: bytedance
TikTok CEO Kevin Mayer quits just three months after taking the job
[ad_1] In the letter, Mayer said “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 […]
TikTok sues the US government over upcoming ban
[ad_1] Specifically, TikTok says that it has already gone to “great lengths” to show a commitment to the US market, noting that its key personnel are all Americans based in the US, thus not subject to Chinese law. Furthermore, the company stores data not in China but in servers located in the US and Singapore. […]
TikTok will sue the US over threatened ban
[ad_1] TikTok’s paths to staying alive in the US apparently include taking the government to court. In the wake of a Reuters report, TikTok has confirmed to CNBC that it plans to sue the Trump administration over an executive order banning transactions with parent company ByteDance. The lawsuit could be submitted as soon as next […]
FT: Oracle joins Microsoft as a possible bidder for TikTok
[ad_1] For a couple of weeks, Microsoft had been the only name publicly attached as a potential buyer for TikTok, and it has about a month left before the announced September 15th deadline to make a deal. Since then, Twitter was reported as a company in “preliminary talks” to acquire the video sharing app, and […]
Trump orders TikTok owner to sell its US business
[ad_1] Trump had previously said both that he intended to ban the app in the United States and that there was a Sept. 15 deadline for a sale. He has also insisted that the US Treasury should directly benefit from any acquisition. “There is credible evidence that leads me to believe that ByteDance … might […]
Twitter is reportedly the latest to explore a deal with TikTok
[ad_1] TikTok’s list of suitors is extending significantly beyond Microsoft. Wall Street Journal sources say Twitter has held “preliminary talks” about a possible union with TikTok’s US business. It’s still very early, and might not move forward, but Twitter reportedly believes it has an advantage over bidders like Microsoft due to its size. It thinks […]
TikTok may sue White House over ban as soon as August 11th
[ad_1] The company declined to comment on the possibility of an impending lawsuit, but did acknowledge beliefs the order was issued “without any due process” and “no substantiation” of the security allegations. TikTok might not have as much trouble contesting the ban as you might think. While Trump used the International Emergency Economic Powers Act […]
Trump’s threat to ban TikTok might be legal, but it’s super shady
[ad_1] The answer to that question is a resounding, “well, it’s complicated.” But before we jump into that legal briar patch, let’s take a quick look at the company that has so effectively managed to raise the president’s ire. If you don’t know what TikTok is, go ask literally anybody under the age of 30. […]
Microsoft says it’s aiming to close TikTok deal by September 15th
[ad_1] If Microsoft can successfully negotiate a deal with ByteDance, the company says it will add “world-class security, privacy, and digital safety protections” to the TikTok experience. And to be absolutely clear, there’s a chance these discussions may fall apart. That’s true for any high-profile acquisition, but this deal is particularly strange since it seems […]