Snap's stock increased by almost 5% because of the revised TikTok ban bill. Snap's stock soars as U. S. lawmakers push the revised TikTok ban bill.
Tags: TikTok
TikTok, ByteDance Spend Over $7 Million on Lobbying and Ads to Fight Potential US Ban
TikTok and its China-based parent company, ByteDance, have collectively spent over $7 million to counter its potential US ban.
TikTok Ban in US Almost Inevitable After Senate Approves Bill Forcing Parent Company to Divest Owvnership or Face Prohibition
TikTok users is likely to find that the popular social media platform is either under new ownership or, but not immediately, totally banned in the US.
Donald Trump Urges 'Young Voters' to Blame Joe Biden if TikTok Gets Banned in the US
Former President Donald Trump said Monday that President Joe Biden would be the one responsible if TikTok is banned in the US as he was "pushing" for it.
EU Launches Formal Probe Against TikTok Lite Over Potentially Addictive Feature
TikTok Lite, recently introduced in France and Spain, includes a "Task and Reward Lite" program, enabling users to earn points for various in-app activities. However, the EU worries about its potential impact on users' mental health.
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LinkedIn, in a bid to rival TikTok and Instagram in influencer marketing, has launched "Thought Leader ads," allowing advertisers to promote posts from independent creators.
ByteDance, the parent company of TikTok, saw a massive surge in profits in 2023, surpassing industry giants like Tencent and Alibaba Group, despite the TikTok ban in the US.
Under the Trump administration, former US Treasury Secretary Steven Mnuchin expressed interest in buying TikTok and removing its algorithm within six months.
A recent survey by Savanta reveals that only 28% of Americans support banning TikTok, while younger demographics press wider concerns about data privacy and social media's electoral influence.
TikTok is facing another setback after the Federal Trade Commission (FTC) reportedly launched a probe into the social media platform's data and security practices.
Vice President Kamala Harris has assured the public that the Biden administration has no intentions of banning the popular video-sharing app TikTok.
A researcher employed by ByteDance, the Chinese parent company of TikTok, was mistakenly added to a group chat for American AI safety experts.
A Republican lawmaker from the United States says investors in TikTok's Chinese parent company could potentially gain from a potential sale.
After the US House and Senate overwhelmingly voted for a TikTok ban bill, concerns of potential retaliation from China emerged, particularly those heavily reliant on the Chinese market like Apple and Tesla.
