WASHINGTON — The Trump administration is set to receive roughly $10 billion from investors in the recently completed deal to take control of TikTok U.S. operations, The Wall Street Journal reported Friday, citing sources familiar with the matter. Read More: Trump approves $14 billion tiktok US sale plan TikTok’s Chinese parent company, ByteDance, finalized the agreement in January […]
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Disney takes legal action against ByteDance over AI content
LOS ANGELES – The Walt Disney Company has launched legal action against Chinese tech giant ByteDance following the launch of its AI video generation model, Seedance 2.0, on Thursday. Disney alleges that the platform illicitly used its copyrighted characters from popular franchises, including Star Wars and Marvel, to train the AI, prompting a cease-and-desist letter […]
TikTok users in US report sign-in, performance issues amid app disruption
WASHINGTON: TikTok experienced widespread technical issues in the United States on Sunday, with users reporting sign-in problems, feed glitches, and performance lags. The disruptions come days after TikTok averted a potential ban in the country through a landmark deal that shifted majority ownership to American investors. Read More: TikTok secures US deal, ban averted According to […]
TikTok forms US joint venture to avoid ban
TikTok announced on Thursday that it has established a majority American-owned joint venture to operate its US business, enabling the app to sidestep a potential ban over its Chinese ownership. The TikTok USDS Joint Venture LLC will serve more than 200 million users and 7.5 million businesses, implementing strict safeguards for data protection and content […]
Keith Lee named ‘Creator of the Year’ at inaugural US TikTok Awards
HOLLYWOOD: Keith Lee, known for creating family and small business content, was crowned “Creator of the Year.” On stage, Lee dedicated the award to himself, saying he often prioritizes others but this recognition was “for me.” Bretman Rock won “Video of the Year,” while DJ Paris Hilton received the “Muse of the Year” award for […]
China approves TikTok transfer agreement
WASHINGTON: China has approved the transfer agreement for TikTok, U.S. Treasury Secretary Scott Bessent announced on Thursday, signaling progress toward resolving the app’s uncertain status in the United States. Bessent added that he expects the transfer to move forward in the coming weeks and months, though he provided no additional details. The short video app, […]
ByteDance unveils new TikTok app to dodge US ban
ByteDance is developing a new TikTok app exclusively for the US market, according to a recent report by The Information. This move aims to bypass an impending US ban on the original TikTok app amid national security concerns. The new app will serve as a replacement and is designed to comply with US regulations. Named […]