Kevin O’Leary’s $20B TikTok offer is rejected as ByteDance confirms it won’t sell the key technology behind the app’s success.
TikTok is an AI app. Not an “ask a bot to do your homework” kind of AI app, but an AI app all the same: Its algorithm processes and acts upon huge amounts of data to keep users engaged. Without that fundamental, freakishly well-tuned technology, TikTok wouldn’t really be anything at all—just another video or shopping platform.
The Supreme Court Friday decided to uphold a law that bans TikTok starting on Sunday, unless the social media app is sold off by its Chinese parent company. Several parties have expressed interest in buying the popular platform,
Dan Ives, Wedbush Securities global head of tech research, joins CNBC's 'The Exchange' to discuss the looming TikTok ban in the U.S.
TikTok plans to cease operations in the United States on Sunday unless President Joe Biden intervenes before he leaves office one day later.
The supremely popular TikTok could be banned on Jan. 19 under a federal law that forces the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its U.S.
The possibility of the U.S. outlawing TikTok kept influencers and users in anxious limbo during the four-plus years that lawmakers and judges debated the fate of the video-sharing app. Now, the moment its fans dreaded is here , but uncertainty over TikTok’s future lingers.
Washington — The Supreme Court on Friday upheld a new law that would lead to a ban of the social media platform TikTok, clearing the way for the widely popular app to shutter in the U.S. as soon as Sunday.
A change to China’s export rules could give Beijing sign off on any deal that would force the internet giant ByteDance to give up TikTok.
With a TikTok ban set to go into effect Sunday, influencers and strategists say politicians run the risk of losing a key communication tool and alienating the large number of people active there.
Local entrepreneurs say losing the platform will impact their ability to connect with clients and generate income.