TikTok

A new report from Bank of America highlights over 100 catalysts for the second half of 2024. It gives investors key events and stocks to focus on as major indexes trade near all-time highs. What Happened: As analysts look to set new price targets on market indices for the second half of the year,...

Elon Musk‘s SpaceX is reportedly set to value itself at a record $210 billion in a tender offer, exceeding its previous $200 billion estimate. What Happened: SpaceX is planning to sell insider shares at $112 each, a price higher than expected. This move will increase the company’s value...

Oracle Corp (NYSE:ORCL) has cautioned investors about the potential financial implications of a U.S. ban on TikTok. What Happened: Oracle, in a regulatory filing on Thursday, highlighted that a new law signed by President Joe Biden in April could make it illegal to provide internet hosting services...

In a bid to secure a stable supply of high-end chips amid U.S.-China tensions, TikTok-parent ByteDance is reportedly collaborating with U.S. chip designer Broadcom (NASDAQ:AVGO) to develop an advanced AI processor. What Happened: The chip in question is a 5-nanometer custom product known as an...

The U.S. Department of Justice has reportedly decided to drop one of the two proposed claims against ByteDance-owned TikTok, focusing instead on a consumer protection lawsuit centered on children’s privacy. What Happened: The DOJ is preparing to file a consumer protection...

TikTok and its China-based parent company ByteDance Ltd. contend the U.S. could have enacted lighter alternatives to banning the app to address national security concerns. President Joe Biden signed a bill into law in late April that would force a sale of TikTok by ByteDance, if not completely ban...

“Shark Tank” judge Kevin O’Leary, renowned for his candid opinions, has recently voiced strong views on the necessity of regulatory compliance for both Chinese companies and cryptocurrencies. His remarks reveal a consistent push for market integrity and the vital role of...

Earlier this week, former President Donald Trump made a surprising move by joining TikTok, the social media platform he once sought to ban. His account has amassed more than five million followers, surpassing the Joe Biden campaign’s following. What Happened: The Biden-Harris HQ account...

Amid the ongoing legal battle with the U.S. government, ByteDance Ltd., the parent company of TikTok, has appointed a new global general counsel. What Happened: John Rogovin, the former top lawyer at Warner Bros. Discovery Inc., has been named the new global general counsel at ByteDance....

Donald Trump who is expected to go toe-to-toe with Democratic incumbent Joe Biden to win the 2024 Presidential election in November, has joined ByteDance-owned TikTok. What Happened: On Saturday, Trump, who is running for the Republican presidential nomination, joined TikTok, the platform...

ByteDance-owned TikTok on Thursday refuted a report stating that the platform is working on a clone of its recommendation algorithm for its 170 million U.S. users. What Happened: TikTok intends to create a version of its algorithm that functions separately from its Chinese parent...

The Chinese-owned social media platform TikTok has become increasingly popular among U.S. citizens in recent years. After a recently signed U.S. law requiring parent company ByteDance Ltd. to divest U.S. operations or face a ban, speculation abounded regarding a potential American buyer. Could...

A young social media influencer, Grace Wolstenholme, has accused Meta Platforms Inc‘s (NASDAQ:META) Facebook of failing to take action against a fraudulent account that was using her content to make money. This has resulted in a significant financial loss for the influencer. What Happened:...

A rematch between President Joe Biden and former President Donald Trump could be decided by several groups including swing state voters, independent voters and young voters in the 2024 presidential election. Biden may be targeting one of those voter categories with a new job posting. What Happened...

ByteDance Ltd.'s TikTok is reportedly planning to lay off a significant number of employees from its operations, content, and marketing departments as it battles President Joe Biden‘s new law forcing it to either divest or be banned. What Happened: The layoffs are expected to be announced on...