While Presser is unknown in many tech circles, he's been near the pinnacle of the company leading operations for several years, and was widely seen as the most influential US-based leader at TikTok
In November 2024, Canada ordered ByteDance Ltd to shut its TikTok Canada subsidiary, but the Federal Court on Wednesday set aside that order following the government's motion in TikTok's appeal
ByteDance has signed a binding deal to shift control of TikTok's US operations to a new joint venture, a key step to avoid a ban and end years of uncertainty over the app
ByteDance's Doubao-powered AI phone is facing app blocks over broad permissions and data risks; the episode is exposing a bigger fight among China's tech giants for users and control
A Canadian investigation found TikTok collected sensitive data from children and failed to block underage users; the company has agreed to improve safety and privacy measures
ByteDance will own less than 20% while TikTok US will be controlled by a mix of its existing US and global firms as well as a significant number of new investors who have no affiliation with ByteDance
US and China delegations are discussing the divestment from TikTok by Chinese owner Bytedance as part of a round of broader talks on tariffs and economic policy taking place in Madrid
TikTok remains banned in India, but ByteDance has posted two job openings at its Gurugram office, triggering speculation about the app's possible comeback
The largest US lender released its first report on OpenAI, the company that spurred Wall Street's AI gold rush, according to an internal memo seen by Reuters
Meta and ByteDance have previously faced thousands of lawsuits, along with Snapchat, accusing the platforms of being addictive and causing harm to children, schools, and governments
It remains unclear if Tinsley and his investor group will be serious contenders for what are shaping up to be competitive and fast-evolving negotiations
