Page 5 - Tiktok

Trump pushes for 50% US ownership in TikTok, Microsoft leads talk

As TikTok faces a potential sale, US President Trump pushes for the US to own 50% in a joint venture. With Microsoft leading talks, a bidding war heats up, and new contenders emerge

Perplexity AI's new bid for TikTok parent firm could give US govt 50% stake

Perplexity AI has presented a new proposal to TikTok's parent company that would allow the US government to own up to 50% of a new entity that merges Perplexity with TikTok's US business, according to a person familiar with the matter. The proposal, submitted last week, is a revision of a prior plan the artificial intelligence startup had presented to TikTok's parent ByteDance on Jan. 18, a day before the law that bans TikTok went into effect. The first proposal, which ByteDance hasn't responded to, sought to create a new structure that would merge San Francisco-based Perplexity with TikTok's US business and include investments from other investors. The new proposal would allow the U.S. government to own up to half of that new structure once it makes an initial public offering of at least $300 billion, said the person, who was not authorized to speak about the proposal. The person said Perplexity's proposal was revised based off of feedback from the Trump administration. If the pla

Donald Trump administration explores TikTok deal with Oracle, Microsoft

Earlier, Trump had expressed openness to Tesla CEO Elon Musk or Oracle Chairman Larry Ellison acquiring the Chinese social media platform

TikTok's ByteDance plans $20 billion capex in 2025, mostly on AI: Report

The privately held technology giant plans to spend about half of the amount abroad on AI-related infrastructure, primarily data centres and networking equipment

Trump's disruptive agenda: US-China rapprochement may pose risks for India

Mr Trump has sought to give a reprieve to the Chinese-owned TikTok, the popular video-sharing app, which had been banned from the US, a ban upheld by the Supreme Court

Meta's big payoff: $5,000 for TikTok users to move to Facebook, Instagram

Meta is offering up to $5,000 in bonuses to creators who switch from TikTok to Facebook and Instagram. The deal includes access to monetisation tools and a free trial of Meta Verif

Families sue TikTok in France, link teen suicides to harmful content

In the moment when her world shattered three years ago, Stephanie Mistre found her 15-year-old daughter, Marie, lifeless in the bedroom where she died by suicide. I went from light to darkness in a fraction of a second, Mistre said, describing the day in September 2021 that marked the start of her fight against TikTok, the Chinese-owned video app she blames for pushing her daughter toward despair. Delving into her daughter's phone after her death, Mistre discovered videos promoting suicide methods, tutorials and comments encouraging users to go beyond mere suicide attempts. She said TikTok's algorithm had repeatedly pushed such content to her daughter. It was brainwashing, said Mistre, who lives in Cassis, near Marseille, in the south of France. They normalized depression and self-harm, turning it into a twisted sense of belonging. Now Mistre and six other families are suing TikTok France, accusing the platform of failing to moderate harmful content and exposing children to ...

Donald Trump downplays threat of China using TikTok to spy on Americans

Trump suggested all electronic products manufactured in China could carry a spying risk, adding that TikTok's was not the most serious of them

Open to Musk or Ellison purchasing TikTok as part of JV with US govt: Trump

ByteDance Ltd. has publicly refused to sell TikTok, though prospective buyers hope the Supreme Court's ruling and the brief TikTok shutdown could push it to reconsider

Saudi prince's firm would be keen on TikTok if Musk or others buy it: CEO

The search to find a buyer for the Chinese-owned popular short-video app continues in the US after it went dark and was revived later by an executive order signed by President Donald Trump

Open to Elon Musk or Larry Ellison buying TikTok: US President Trump

Billionaire Frank McCourt, Shark Tank investor Kevin O'Leary, tech entrepreneur Jesse Tinsley and MrBeast have all expressed interest in TikTok

Beauty Industry in flux after TikTok braces for an uncertain future in US

On Jan 18, TikTok went dark for users across the US just days after the Supreme Court ruled that it would uphold a law forcing ByteDance to either sell its American platform by Jan 19 or be banned

TikTok owner ByteDance plans to spend $12 billion on AI chips in 2025

This move comes as the Chinese company faces pressure from Washington to sell its popular video-sharing app in the United States

TikTok users anxiously await its return to US app stores, some abandon app

TikTok resumed service after Trump's assurances that the company and its partners would not face hefty fines to keep the app running, but it was yet to return to app stores

Trump supporters who stormed US Capitol begin to leave prison after pardon

Donald Trump is ushering in a Golden Age for people that break the law and attempt to overthrow the government

All eyes on Trump as Tiktok ban takes effect; internet flooded with memes

Popular social media application, TikTok, is banned in the United States. The shutdown majorly impacted the creators' economy and attracted hilarious memes on the internet

President Trump signs executive order extending TikTok ops for 75 days

US President Donald Trump on Monday signed an executive order that extended the operations of TikTok, the Chinese controlled video short sharing platform, by 75 days, during which he plans to pursue a resolution that protects national security while saving a platform used by 170 million Americans. I am instructing the attorney general not to take any action to enforce the Act for a period of 75 days from today to allow my Administration an opportunity to determine the appropriate course forward in an orderly way that protects national security while avoiding an abrupt shutdown of a communications platform used by millions of Americans, said the executive order signed by Trump. Signed into law by Joe Biden in April last year, the bill passed by wide bipartisan majorities in the House and the Senate gave TikTok's parent company ByteDance 270 days to divest from the app or face a ban from US app stores. January 19 was the last date for this. The popular video sharing app went dark on

Donald Trump issues executive order to suspend TikTok ban; can it stick?

US President Donald Trump on Monday signed an executive order to keep TikTok operating for 75 days, a relief to the short video app's users even as national security questions persist. TikTok's China-based parent ByteDance was supposed to find a US buyer or be banned on January 19. Trump's order could give ByteDance more time to find a buyer. "I guess I have a warm spot for TikTok," Trump said. Trump has amassed nearly 15 million followers on TikTok since he joined last year, and he has credited the trendsetting platform with helping him gain traction among young voters. Yet, its 170 million US users could not access TikTok for more than 12 hours between Saturday night and Sunday morning. The platform went dark before the ban approved by Congress and upheld by the US Supreme Court took effect on Sunday. After Trump promised to pause the ban, TikTok restored access for existing users. Google and Apple, however, still have not reinstated TikTok to their app stores. Business leader

Company can decide on its acquisition: China on Trump's offer for TikTok

China reacted cautiously to US President-elect Donald Trump's offer that 50 per cent of the TikTok ownership should be in American hands, saying such decisions should be independently made by companies while emphasizing that Chinese laws apply to local firms. When it comes to actions such as the operation and acquisition of businesses, we believe they should be independently decided by companies in accordance with market principles," Chinese Foreign Ministry spokesperson Mao Ning said on Monday. She, however, highlighted the conditions attached to Chinese firms, saying that they should abide by local laws. If it involves Chinese companies, China's laws and regulations should be observed," she said. Ahead of the swearing-in on Monday, Trump said that he would temporarily block a nationwide ban on TikTok with an executive order that would give more time to the popular short video-sharing platform to work out a deal to keep the ban from becoming permanent. At the same time, he offere

'Something needs to change,' Elon Musk questions X's ban in China

He, however flagged off an imbalance, stating that though TikTok is allowed to operate in the US, X is banned in China.