ByteDance, the parent company of TikTok, has initiated a new share buyback program for its U.S.-based employees, offering $189.90 per share. This marks an 11% increase from the previous buyback prices ...

Food delivery major Zomato has asked 500 of its junior-level employees to leave. This and more in todays ETtech Top 5.

The fate of Tiktok used by nearly half of all Americans has been up in the air since a law took effect on Jan. 19 requiring ByteDance to either sell it or face a ban on national security grounds. The ...

Under the original Project Texas, TikTok moved American user data to Oracle servers in Texas and restricted ByteDance employees in China from accessing it. The earlier deal also included Oracle ...

In 2022, reports surfaced that ByteDance employees had improperly accessed US user data, including the locations of journalists, raising alarms in Washington. While ByteDance has denied any ...

The company is contracted to provide cloud services and maintain a separation between US users’ data and ByteDance employees in China. Now, the White House is searching for a deal that satisfies ...

The company is contracted to provide cloud services and maintain a separation between US users’ data and ByteDance employees in China. Now, the White House is searching for a deal that satisfies a law ...

For several years, Oracle has worked with TikTok in the US. The company is contracted to provide cloud services and maintain a separation between US users’ data and ByteDance employees in China. Now, ...

The deal is being billed as a “Project Texas 2.0,” a nod to a previous agreement between TikTok and Oracle to relocate American users’ data to servers in Texas and block ByteDance employees ...

ByteDance uses eight category ratings to evaluate TikTok employees in performance reviews. If an employee receives a low rating, they can be put on a performance improvement plan. The company last ...