Platform’s future in US in doubt after House approves bill ordering Bytedance to sell stakeTikTok has said it will fight any ban or forced sale of the app’s US operation in the courts, after the House of Representatives passed legislation targeting the viral video platform.The company’s future in the US was placed in further doubt over the weekend after lawmakers in Washington passed a bill that will ban the app if TikTok’s Chinese owner, ByteDance, does not sell its stake in the American...
The Senate passed a bill giving the social media platform's Chinese parent
The Senate voted late Tuesday by a wide margin to send legislation to President Joe Biden that would require Chinese owner ByteDance to divest TikTok's U.S. operations within about nine months or face a ban.
The Senate followed through with congressional plans to force the sale of TikTok on Tuesday despite vows from its Chinese owners that it will fight the legislation in court. The measure, tucked into a $95 billion package on foreign aid that passed the upper chamber 79-18, now heads to the desk of President Joe Biden, […]
The comments from ByteDance come after reports it was exploring the potential sale of the platform.
A former senior employee at TikTok said he was ordered to send American user data to its Beijing-based parent company ByteDance, contradicting TikTok’s public claims of operating independently from China, according to a Fortune report published Monday.
Elon Musk on Friday came out against banning TikTok in the United States, even if it would mean less competition for his social media platform X, formerly Twitter, as the initiative sees fresh bipartisan momentum in Congress.The US House of Representatives is set to vote on Saturday on a bill that would force TikTok to divest from Chinese parent company ByteDance or face a nationwide ban.The measure, which has the vocal backing by many Democrats and Republicans, has also been written into a...
Tesla's global job cuts are hitting China, the automaker's biggest market after the United States, affecting staff in teams including sales, two sources briefed on the matter said. CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles. The two sources said some staff in Tesla's China sales team were being notified, with one...
Tesla's global job cuts are hitting China, the automaker's biggest market after the United States, affecting staff in teams including sales, two sources briefed on the matter said. CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles. The two sources said some staff in Tesla's China sales team were being notified, with one...
Sen. Maria Cantwell (D-Wash.), the head of the powerful Senate Commerce Committee, is spearheading the upper chamber’s internal debate on what to do about the popular China-owned app
Senates Passes $95 Billion Aid Bill For Ukraine, Israel And Taiwan, Forces Sale Of TikTok The republicans do what they always do best: fold like cheap lawn chairs. Moments ago, in a 79-18 vote, the Democrat-controlled Senate passed a long-delayed $95.3 billion foreign-aid package sending $60.8 billion in ammunition and military equipment to Ukrainian soldiers, as well as billions of soon-to-be-embezzled dollars to the offshore real estate agents of Ukraine's corrupt oligarchs while...
Apple saw sales of its iPhones fall 19.1% in the first three months of the year, according to data from Counterpoint Research.