TikTok

On Monday, President-elect Donald Trump reportedly met with TikTok CEO Shou Zi Chew at Mar-a-Lago, Florida, as the company seeks intervention from the U.S. Supreme Court to prevent a looming ban. What Happened: TikTok has requested the U.S. Supreme Court to halt a law that could ban the app by Jan...

TikTok faces a nationwide ban after a U.S. Federal Appeals court refused to temporarily halt the ban earlier in December. Here's a look at where users may spend more time scrolling if TikTok is banned. What To Know: Most social media users are active on more than one app. About 70% of Snapchat...

TikTok will be banned in the United States on Jan. 19, 2025, after a federal appeals court rejected its bid to overturn the ban that President Biden signed in April. The law states that if TikTok's parent company, ByteDance, doesn't divest its ownership to non-Chinese companies, the app will be...

U.S. lawmakers have issued a directive to Apple Inc. (NASDAQ:AAPL) and Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google to prepare for the removal of ByteDance-owned TikTok from their app stores by Jan. 19. What Happened: This move follows a federal appeals court ruling that requires...

Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With...

Editor’s Note: This story has been updated to include a comment from a ByteDance spokesperson. TikTok-parent ByteDance has reportedly become the largest buyer of Nvidia Corporation (NASDAQ:NVDA) chips in Asia, outpacing rivals like Alibaba Group Holding Ltd. (NYSE:BABA) and Baidu Inc. (NASDAQ...

The S&P 500 and the Nasdaq 100 are set to log their third consecutive week of gains. The Nasdaq 100, in particular, is tracking its strongest weekly performance in a month, underscoring investor enthusiasm for tech stocks and the growing likelihood of lower interest rates. Meanwhile, the Dow...

TikTok Shop saw more than $100 million in sales on Black Friday, as the social media app's bet on live shopping in the US appears to be paying off.  What To Know: TikTok launched its Shop e-commerce platform in the fall of 2023 and has been pushing its creators and sellers to adopt the live...

Australia’s Prime Minister Anthony Albanese announced a plan to ban social media use for children under 16, requiring platforms like Meta Platforms Inc,‘s (NASDAQ:META) Facebook and Instagram, TikTok, X (formerly Twitter), and Snap Inc.‘s (NYSE:SNAP) Snapchat to verify users...

ByteDance, the parent company of the globally popular app TikTok, has set its valuation at a whopping $300 billion. This marks one of the highest valuations the company has seen to date. What Happened: ByteDance’s valuation was established in a recent share buyback offer. This move indicates...

JPMorgan Chase & Co (NYSE:JPM) has initiated legal action against customers who allegedly exploited a technical flaw to withdraw funds from ATMs before checks bounced. What Happened: The bank has filed lawsuits in three federal courts, targeting individuals who made the largest withdrawals...

Chinese tech giant ByteDance Ltd. has dismissed an intern for allegedly disrupting the training of one of its artificial intelligence models. What Happened: ByteDance, the parent company of popular social media platform TikTok, has reportedly fired an intern for intentionally interfering with the...

Popular social media platform TikTok was aware of the potential harm its algorithm could inflict on minors, according to internal documents that were unintentionally made public. What Happened: The internal documents were exposed during a multi-state investigation into TikTok. Reporters from...

TikTok, owned by ByteDance, is reportedly laying off hundreds of employees, with significant reductions in Malaysia. This move aligns with the company’s strategy to enhance AI-based content moderation. What Happened: Sources cited by Reuters initially reported over 700 job cuts in Malaysia,...

ByteDance-owned TikTok is facing legal action from 13 U.S. states and the District of Columbia. The states accuse TikTok of causing harm to its younger users. What Happened: On Tuesday, separate lawsuits were filed in New York, California, the District of Columbia, and...