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
ByteDance's Doubao app - an all-in-one chatbot, photo and video tool - is now China's most popular mobile AI platform
ByteDance — the company behind TikTok — just launched Seedream 4.0, a lightning-fast AI image tool that’s making waves in the design world.
The rough estimate, cited by Vice President JD Vance on Thursday, is well below previous projections that scaled closer to $40 billion
In an order signed at the White House, Trump said the deal meets the 2024 law requiring ByteDance to divest control or face a nationwide ban in the US
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 latest buyback at a higher valuation will come as ByteDance consolidates its position as the world's largest social media company by revenue
Analysts say AI video tools could transform content creation by boosting efficiency and making production more accessible
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
Last month, Trump extended the deadline to September 17 for China-based ByteDance to divest the US assets of TikTok
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
President Trump has signed an executive order delaying the ban on TikTok for a third time, giving ByteDance 90 more days to secure a divestment deal
Even though the President did not mention which four companies are involved, he did mention that a 'lot of people want it' and 'all options were good'
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