PYMNTS-MonitorEdge-May-2024

TikTok

Ex-Barclays CEO Bob Diamond Chairs TikTok Challenger Triller
Ex-Barclays CEO Bob Diamond Chairs TikTok Challenger Triller
April 28, 2024  |  Social Commerce

The former CEO of Barclays is now chairing TikTok challenger Triller. As the Financial Times (FT) reported Saturday (April 27), Bob Diamond has been chairing Triller owner AGBA since September...

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Influencer Brands Are Getting Ready for a TikTok-Less Future
Influencer Brands Are Getting Ready for a TikTok-Less Future
April 27, 2024  |  Social Commerce

G.R.W.M. (that’s “get ready with me”) for a major change in the social commerce landscape, because the pending TikTok ban in the United States could be make-or-break...

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ByteDance Says It ‘Doesn’t Have Any Plan to Sell TikTok’
ByteDance Says It ‘Doesn’t Have Any Plan to Sell TikTok’
April 26, 2024  |  Social Commerce

ByteDance reportedly will not sell its U.S. TikTok business, even if it loses its legal battle in the United States. The company said late Thursday (April 25) in...

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Report: ByteDance to Shut Down TikTok If Legal Efforts Fail
Report: ByteDance to Shut Down TikTok If Legal Efforts Fail
April 25, 2024  |  Social Commerce

TikTok owner ByteDance would reportedly rather shut down the social media platform than sell it. That’s what the firm plans to do if it is unsuccessful in its...

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TikTok Suspends Rewards Program Amid EU Pressure
TikTok Suspends Rewards Program Amid EU Pressure
April 24, 2024  |  Social Commerce

TikTok has suspended a rewards program on TikTok Lite amid a dispute with European Union (EU) regulators. “TikTok always seeks to engage constructively with the EU Commission and...

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TikTok Divesture Aftermath Focuses on Potential Suitors
TikTok Divesture Aftermath Focuses on Potential Suitors
April 24, 2024  |  Regulation

The clock is running out on TikTok’s U.S. ambitions. President Joe Biden on Wednesday (April 24) signed a bipartisan measure that gives TikTok’s owner, Chinese...

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TikTok Ban Becomes Law as Social Commerce Takes Off
TikTok Ban Becomes Law as Social Commerce Takes Off
April 24, 2024  |  Regulation

President Joe Biden has signed a law banning TikTok unless it’s sold within a year. As NPR noted in its report Wednesday (April 24), the law is the largest threat...

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TikTok: Ban Will Hurt 7 Million US Businesses
TikTok: Ban Will Hurt 7 Million US Businesses
April 21, 2024  |  Social Commerce

TikTok says a ban on its platform in the U.S. hurts free speech and American businesses. The social media platform made this argument Sunday (April 21),...

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Gen Z Shoppers Bring Social Commerce Into Malls
Gen Z Shoppers Bring Social Commerce Into Malls
April 18, 2024  |  Retail

Social media virality is beginning to shape mall stores, as ultra-connected Gen Z shoppers expect their physical lives to more closely resemble their digital ones....

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