Bytedance

TikTok US User Numbers Slow Amid Possible Ban
TikTok US User Numbers Slow Amid Possible Ban
March 17, 2024  |  Social Commerce

TikTok’s troubles apparently go beyond a possible ban in the U.S. The social media platform has seen user growth slow for the first time in...

READ MORE >
Former Treasury Secretary Steven Mnuchin Aims to Buy TikTok
Former Treasury Secretary Steven Mnuchin Aims to Buy TikTok
March 14, 2024  |  Acquisitions

Former Treasury secretary Steven Mnuchin is assembling a group of investors to attempt to purchase TikTok. Mnuchin told CNBC about this plan Thursday (March 14),...

READ MORE >
House OKs TikTok Ban Aimed at Guarding Consumer Data
House OKs TikTok Ban Aimed at Guarding Consumer Data
March 13, 2024  |  Politics

American lawmakers have approved a bill that could ban TikTok in the U.S. The U.S. House of Representatives voted 352-65 Wednesday (March 13) in favor of the legislation, aimed...

READ MORE >
EU Could Add X and ByteDance to Digital ‘Gatekeeper’ List
EU Could Add X and ByteDance to Digital ‘Gatekeeper’ List
March 03, 2024  |  Regulation

X, ByteDance and Booking.com could be added to the European Union’s “gatekeeper” list. The European Commission (EC) made that announcement Friday (March 1) after receiving notifications from the...

READ MORE >
TikTok Invests $1.5 Billion in Indonesia’s eCommerce Platform Tokopedia
TikTok Invests $1.5 Billion in Indonesia’s eCommerce Platform Tokopedia
December 11, 2023  |  Acquisitions

TikTok is reportedly investing $1.5 billion in Tokopedia to salvage its Indonesian eCommerce efforts. The company is set to take a controlling 75.01% stake in Tokopedia, the eCommerce arm of Indonesia’s GoTo...

READ MORE >
ByteDance Slashes Jobs as It Pares Down Gaming Division
ByteDance Slashes Jobs as It Pares Down Gaming Division
November 27, 2023  |  Personnel

ByteDance is reportedly eliminating hundreds of jobs as it scales back its gaming unit, Nuverse. The Chinese tech giant, which also owns TikTok, has no...

READ MORE >
Judge Rejects Social Media Companies’ Efforts to Dismiss Lawsuits
Judge Rejects Social Media Companies’ Efforts to Dismiss Lawsuits
November 14, 2023  |  Legal

A federal judge in Oakland, California, has ruled against major social media companies, rejecting their efforts to dismiss nationwide litigation accusing them of illegally enticing...

READ MORE >
TikTok Creating Its Own eCommerce Fulfillment Network
TikTok Creating Its Own eCommerce Fulfillment Network
November 08, 2023  |  eCommerce

TikTok is establishing a warehouse and fulfillment network to boost its eCommerce operations. As a report Tuesday (Nov. 7) by The Wall Street Journal (WSJ) noted, this move...

READ MORE >
TikTok to Argue in Court Against Montana’s Ban of Its App
TikTok to Argue in Court Against Montana’s Ban of Its App
October 12, 2023  |  Legal

TikTok is scheduled to present arguments before a federal judge Thursday (Oct. 12), aiming to get a preliminary injunction against a Montana ban on its...

READ MORE >