Are TikTok sale negotiations nonexistent? About one month out from a divestiture deadline in the U.S., the possibility is once again taking center stage. The subject reentered the media spotlight in reports from Axios and others,
The parent company of TikTok has offered US employees the chance to sell shares they might hold in ByteDance, a privately owned company, which could have a knock-on effect on any eventual sale of the social media app.
At least five class actions claiming that TikTok illegally siphons children's data without parental consent have been filed in California district courts since January, joining a mounting wave of federal and state litigation related to the platform's impact on children's mental health and privacy.
ByteDance's TikTok will invest $8.8 billion in data centres in Thailand over five years, Helena Lersch, TikTok's Vice President of Public Policy, said on Friday at an event in Bangkok.
ByteDance Ltd. has asked a San Francisco federal court to impose $6.2 million in sanctions against a pair to attorneys representing a whistleblower whose legal case against the Chinese tech conglomerate fell apart last year.
WASHINGTON (TNND) — Reid Rasner, a Wyoming businessman, said Thursday the Trump administration is taking his offer to buy TikTok “very seriously.” Rasner discussed the bid, for $47.45 billion, during an interview with NBC News anchor Savannah Sellers, who asked him whether the administration has reviewed the offer.
Under his proposed plan, the platform would offer payment tiers for users to buy into the platform as “founding members.”
The Albanian Cabinet has decided to shut down TikTok, blaming the platform for inciting violence and bullying, especially among children.
An executive order signed by Trump gave the social media's Chinese parent company, ByteDance, 75 days to sell its interests. That deadline is April 5.
President Trump said Thursday that he would “probably” extend the deadline for a sale of China-owned TikTok if terms aren’t reached before a 75-day window for negotiations expires on April