TikTok

TikTok-parent ByteDance is reportedly gearing up to invest over $12 billion in artificial intelligence infrastructure by 2025. What Happened: The Beijing-based tech giant has allocated approximately RMB 40 billion ($5.5 billion) for AI chip acquisitions within China, effectively doubling its...

Kingdom Holding, an investment company of Saudi Arabian Prince Alwaleed Bin Talal, is reportedly interested in investing in TikTok if billionaire Elon Musk or others offer to buy it. What Happened: Kingdom Holding’s interest was highlighted in a statement by CEO Talal Ibrahim al-Maiman to Al...

A highly publicized ban of TikTok by the U.S. led to other apps getting caught in the crossfire, including a game featuring Marvel superheroes. Here's a look at what happened and what the executive order signed by President Donald Trump means for the game's future. What Happened: The Supreme Court...

President Donald Trump’s executive order Monday to suspend the TikTok ban for 75 days has injected fresh uncertainty into the social media platform’s future, even as potential buyers emerge amid national security concerns. What Happened: The order temporarily halts the ban that took...

Billionaire investor Bill Ackman has expressed his admiration for Elon Musk’s X, formerly Twitter, while voicing concerns about TikTok’s influence on society. What Happened: In an interview that was made public on Sunday, Ackman praised X as a platform that allows for diverse voices and...

Tesla Inc. (NASDAQ:TSLA) bull Ross Gerber has voiced doubts about the effectiveness of an executive order in overriding existing laws concerning the TikTok ban. What Happened: Gerber's comment came in response, to Donald Trump’s announcement about his intention to issue an executive order to...

On Sunday, Meta Platforms, Inc.'s (NASDAQ:META) Instagram announced a new video creation app called ‘Edits’ to attract TikTok users. What Happened: Adam Mosseri posted a video on Instagram and unveiled the ‘Edits’ app, which resembles CapCut, a popular tool among TikTok...

Jeff Bezos-backed Perplexity reportedly bid to merge with TikTok U.S. on Saturday, but Wedbush analyst Dan Ives hinted Elon Musk’s X could ultimately seal the deal amid rising speculation. What Happened: On Saturday, Perplexity submitted a bid to ByteDance, TikTok’s Chinese parent...

TikTok went dark in the U.S. at around 10:30 p.m. ET on Saturday night, with a pop-up message on the widely used app expressing hope that President-elect Donald Trump will intervene after he takes office. What Happened: ByteDance‘s TikTok became inaccessible in the U.S. about an hour and a...

President-elect Donald Trump said Saturday that he may provide a 90-day extension to ByteDance-owned TikTok to delay or prevent a ban in the U.S. What Happened: During an interview with NBC on Saturday, Trump suggested that he is “most likely” to grant TikTok a 90-day extension from a...

Billionaire entrepreneur Mark Cuban has shown interest in funding a TikTok alternative. This move comes in light of the potential shutdown of TikTok this weekend, with Cuban considering leveraging the protocol developed by microblogging site Bluesky. What Happened: Cuban is contemplating this step...

TikTok has announced that it will cease operations in the U.S. on Sunday unless the Biden administration provides assurances to tech giants like Apple Inc. (NASDAQ:AAPL) and Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google that they will not face legal repercussions once a ban on the app takes...

Mark Cuban is leaving no room for doubt when it comes to Kevin O'Leary's plan to buy TikTok's U.S. operations. The billionaire investor and “Shark Tank” star took to X to critique the bid, calling it a long shot and warning O'Leary about the risks involved. Cuban's message to him is to...

Meta Platforms Inc. (NASDAQ:META) reportedly stands to gain significantly if TikTok, a popular social media platform, is banned from U.S. app stores this Sunday. What Happened: TikTok’s legal team warned that the app could “go dark,” cutting off access for existing users to view...

A benign December inflation report was all it took to ignite another strong rally on Wall Street, with major indices delivering their best weekly performance since the post-election surge in early November. Heading into the week, markets were gripped by concerns over inflation and interest rates,...