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.
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.
South Korea has accused the China-based AI startup DeepSeek of sending its user data to ByteDance, TikTok’s parent company, sparking a data privacy investigation amid growing concerns over the startup’s practices.
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.
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