ByteDance will retain ownership of TikTok's U.S. operations but will form a joint venture to manage data and algorithms. Amid scrutiny from lawmakers, the deal's structure is still evolving.
Despite selling a majority stake to American investors, TikTok's Chinese parent company, ByteDance, is set to keep around 50% of the profits from its US operations, according to insider sources.
In a landmark deal, the Abu Dhabi royal family is set to acquire a 15% stake in TikTok's US operations, valued at $14 billion. This move comes after Trump signed an executive order aimed at ensuring American control over the app and protecting user data.
In a shocking move, the Trump administration is asking U.S. investors in TikTok's operations to pay billions to the federal government. This marks a new wave of crony capitalism where businesses are pressured to pay for governmental favors. Experts warn that this undermines free market principles and promotes extortionate practices.
In a bold move, President Trump signed an Executive Order to save TikTok, ensuring its operations are secure and majority-owned by U.S. investors, while protecting the data of 170 million American users.
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In a groundbreaking move, Trump signs an executive order to transfer TikTok to US owners, ensuring its continued operation. This deal gives American companies significant control over the popular app's algorithm and data, reshaping the future of social media.
In a desperate move, authorities in Guangdong have evacuated over a million residents as Typhoon Ragasa wreaks havoc across Asia. With devastating floods and winds, the storm has already claimed lives and disrupted travel.
Get ready for a technological revolution! Qualcomm's CEO Cristiano Amon has shared a sneak peek into Google's groundbreaking merger of Android and ChromeOS. What does this mean for the future of mobile computing?
Amazon's subscription practices are under fire as the FTC launches a civil case that could lead to hefty fines and damages. The trial could reshape how the retail giant operates its Prime service.
