23:57
Trump extends TikTok sale deadline
President Trump has extended ByteDance’s deadline to sell TikTok by 75 days, as talks continue to prevent the app’s shutdown in the U.S.
U.S. FEDERAL COURT REJECTS TIKTOK APPEAL
Reuters
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.
It’s a blow to the Chinese social media app. 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.
The law, which is to take effect on January 19, could mean TikTok will be shut down for its more than 170 million American monthly users. This comes after U.S. President Joe Biden signed a law in April requiring TikTok to divest following widespread concerns from lawmakers about national security issues involving the app.
In a post on X, TikTok says it plans on taking the case to the Supreme Court. However, it still remains to be known whether the Supreme Course will take up the case.
18:05
Vance denies Musk departure, discusses TikTok's future in the US
US Vice President JD Vance denied reports of Elon Musk leaving his government role, confirming he’ll remain an advisor. Vance also touched on efforts to cut government spending and the upcoming decision on TikTok’s future in the US.
10:31
Trump says TikTok sale deal to come before Saturday deadline
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.
00:38
Trump May Cut China Tariffs to Aid TikTok Deal
U.S. President Trump says he could reduce tariffs and extend a deadline to support the sale of TikTok to a non-Chinese buyer.
15:00
Zhang Yiming
The owner of TikTok becomes China’s wealthiest individual
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.
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