President Donald Trump said a deal with TikTok's Chinese parent ByteDance to sell the short video app used by 170 million Americans would be struck before a deadline on Saturday.
U.S. President Trump says he could reduce tariffs and extend a deadline to support the sale of TikTok to a non-Chinese buyer.
Zhang Yiming, the founder of Bytedance and owner of TikTok, has become China’s richest person, according to multiple wealth rankings. Bloomberg Billionaires Index places him as the world’s 24th wealthiest individual, with his fortune estimated between $57.5 billion and $65.5 billion.
Talks led by the White House to determine TikTok’s future are coalescing around a proposal that would have some of ByteDance’s largest non-Chinese investors increase their stakes and acquire the U.S. operations of the popular short video app.
TikTok, the popular social media platform owned by Chinese firm ByteDance, remains in a state of flux amid ongoing legal, political, and security challenges in the United States.
U.S. President Donald Trump said on Sunday that his administration is in contact with four different groups regarding the sale of TikTok, the popular Chinese-owned social media platform.
Britain’s Information Commissioner’s Office has launched an investigation into how TikTok, Reddit, and Imgur handle and safeguard the personal data of child users. The inquiry comes amid growing concerns over the potential exposure of harmful content to young audiences on social media platform.
Frank McCourt announced on Monday that Alexis Ohanian, co-founder of Reddit and a noted venture capitalist, has joined his bid to acquire TikTok's U.S. operations.
ByteDance’s TikTok announced a major investment plan during an event in Bangkok on Friday, revealing that the popular social media platform will invest $8.8 billion in data centres across Thailand over the next five years.
San Francisco/New York, February 24, 2025 – In a significant milestone for the creator economy, TikTok - together with its Chinese counterpart Douyin - generated $6 billion in in-app purchase (IAP) revenue in 2024, making it the first non-game app to achieve this feat in a single year.
TikTok returned to the U.S. app stores of Apple and Google on Thursday as President Donald Trump delayed a ban on the Chinese-owned social media app and assured the tech giants they would not be fined for distributing or maintaining it.
U.S. President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy the short video app TikTok.
US President Donald Trump has said there is "great interest" in TikTok as his administration works on a deal for its sale. He stressed that any agreement must protect national security while preserving access for 170 million American users.
Search engine startup Perplexity AI has updated its merger proposal to TikTok's parent company, ByteDance, aiming to combine Perplexity with TikTok’s U.S. operations, a source familiar with the matter told Reuters on Sunday.
TikTok faces a looming U.S. ban as the app awaits a potential 90-day reprieve under President-elect Trump. Users, businesses, and partners brace for uncertain days ahead.
TikTok faces an uncertain future in the U.S. as the government demands its Chinese owner, ByteDance, divest its U.S. operations by January 19, 2025, citing security concerns. With legal challenges ongoing and political interventions possible, millions of users await clarity on the app’s fate.
U.S. lawmakers have given TikTok a January 19 deadline to comply with new measures or face removal from app stores due to data privacy and national security concerns, highlighting geopolitical tensions surrounding the short-video app.
TikTok urges the US Supreme Court to block a looming ban, arguing the law violates free speech, as ByteDance faces a 19 January deadline to divest the app or face shutdown.
A United States federal appeals court on Friday rejected an emergency bid by TikTok to temporarily block a law that would require its Chinese parent company, ByteDance, to either sell the social media platform or face a ban of the app in the United States.
A major setback for TikTok in the U.S. A federal appeals court has upheld a law that could ban the app unless it cuts ties with its Chinese owner, ByteDance, by January.
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