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☆ Rep. Krishnamoorthi: Hope ByteDance sells TikTok so it can continue operating in the U.S.
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Krishnamoorthi: Hope ByteDance sells TikTok so it can continue operating in the U.S.House Select Committee on China Ranking Member Rep. Raja Krishnamoorthi (D-Ill.) joins 'Squawk Box' to discuss the fate of TikTok after the passage of the TikTok bill in Congress, the national security threat posed by the social media platform, and more.

Persons: Hope ByteDance, Raja Krishnamoorthi, TikTok Organizations: China Locations: U.S

☆ Apple's iPad caught in EU's crosshairs as it clamps down on 'gatekeepers'
▼ + stars: | 2024-04-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

The European Commission said users are "locked in" to iPadOS and it's hard for them to switch. It comes as a part of a broader crackdown on "gatekeepers" and a market investigation into Apple. The DMA was designed to ensure fairness and healthy competition in the digital landscape and hold Big Tech "gatekeepers" accountable. In September, the EU Commission designated Alphabet, Amazon, Apple, ByteDance, Meta, and Microsoft gatekeepers. The EU said Monday that its iPadOS investigation found it has "features of a gatekeeper."

Persons: —, Apple's iPadOS, Margrethe Vestager, Apple didn't Organizations: EU, Digital, European Commission, Apple, Service, European, Big Tech, Business, EU Commission, Meta, Microsoft

☆ Opinion | A TikTok Divestiture Is Long Overdue
▼ + stars: | 2024-04-29 | by ( Tim Wu | ) www.nytimes.com time to read: +2 min

China’s violations of human rights and the basic norms of internet freedom are blatant and obvious. This month, with little fanfare, the country ordered Apple to block downloads of WhatsApp, Threads and Signal within its borders. This new law, which gives TikTok roughly 270 days to find a new owner, is designed to change that. But more fundamentally, it sends a message to the world: You cannot disregard basic internet norms and expect to be treated just like any other country. Infrastructure is destiny, and on some level, the continuing struggle to control the internet is a struggle for the future of civilization.

Persons: —, Biden Organizations: Apple, Carlyle Group, General Atlantic, Susquehanna International Group Locations: United States, Beijing

☆ ByteDance would rather close down TikTok in the US than sell it if it fails to fight potential US ban in court, report says
▼ + stars: | 2024-04-27 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

ByteDance would rather close down TikTok in the US than sell it, Reuters reported, citing four unnamed sources. AdvertisementByteDance, the Chinese parent company of TikTok, would rather close down TikTok in the US than sell it if legal means to fight a proposed US ban fail, Reuters reported, citing four unnamed sources. The deadline to sell the app is set for January 19, 2025, but an extension is possible if ByteDance demonstrates progress toward a sale. AdvertisementIt follows a report in The Information earlier this week that said ByteDance was exploring options to sell a majority stake in TikTok's US business. ByteDance has said that the rumors that it plans to sell TikTok "are untrue."

Persons: Joe Biden, ByteDance, —, TikTok, divests, Shou Zi Chew Organizations: Reuters, Service Locations: China

☆ What happens if TikTok is sold without the algorithm that drives the 'For You' page? It might not be so bad.
▼ + stars: | 2024-04-26 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

If ByteDance is actually forced to sell TikTok, it might not include the app's algorithm. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . What if the TikTok algorithm doesn't really matter that much? There's also another thing that could be a drag on TikTok that doesn't even have to do with the algorithm. Selling TikTok without the algorithm — whatever that actually means — is not ideal, but it might not be the one thing that sends TikTok down a path toward MySpace status.

Persons: TikTok, —, ByteDance, that's, Bon, Meta, you've, Elon Musk, There's Organizations: Service, Ferrari Locations: Elon

U.S. Secretary of State Antony Blinken waves as he prepares to depart Shanghai Hongqiao International Airport en route to Beijing, on April 25, 2024. The U.S. and China will hold their first high-level talks on artificial intelligence within the "coming weeks," U.S. Secretary of State Anthony Blinken said Friday, providing no update over the future of Chinese social media giant TikTok. During wide-ranging talks with Chinese officials in Beijing, Blinken said the two sides had agreed to the first U.S.-China intergovernmental dialogue on AI to discuss the risks and safety concerns surrounding the emerging technology. The U.S. imposed restrictions on Beijing's ability to access high-end tech and is moving close to banning social media app TikTok, unless its Chinese parent ByteDance sells it. Speaking at a press conference, Blinken said that TikTok "did not come up" in the talks.

Persons: Antony Blinken, State Anthony Blinken, Blinken Organizations: State, U.S Locations: Shanghai Hongqiao, Beijing, U.S, China

☆ Choose between stability and ‘downward spiral’ China’s foreign minister tells Blinken during Beijing trip
▼ + stars: | 2024-04-25 | by ( Jennifer Hansler | Simone Mccarthy | ) edition.cnn.com time to read: +4 min

Beijing CNN —China and the US face a choice between stability and a “downward spiral,” Chinese Foreign Minister Wang Yi told counterpart Antony Blinken on Friday in Beijing, as the American diplomat kicked off a day of meetings with top Chinese officials. “Should China and the United States keep to the right direction of moving forward with stability or return to a downward spiral? Or engage in rivalry and confrontation – or even slide into conflict, which would be a lose-lose for all?” he said, speaking through an interpreter. Wang’s comments come as Chinese officials bristle at actions Washington has taken in the name of national security, which Beijing sees as meant to suppress its development. Officials from both nations suggested ahead of the trip that the visit would be focused on managing the relationship and communicating concerns.

Persons: Wang Yi, Antony Blinken, China –, ” Wang, Blinken, ”, Washington, Joe Biden, Wang, ” Blinken, Biden, Xi Jinping, White, China’s, “ Organizations: Beijing CNN —, Russia, Ukraine, Foreign Ministry, “, Communist Party, Taiwan Locations: Beijing, Beijing CNN — China, American, China, Russia, South, Taiwan, “, United States, Diaoyutai State, California, Moscow, Iran, East, Ukraine, Korean

☆ Who could buy TikTok?
▼ + stars: | 2024-04-25 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

Still, the company is under such close scrutiny that it would be a poor candidate to buy TikTok, experts say. If you were to tell me it’s Verizon, or AT&T, maybe it’s not as big of a problem.”Jasmine Enberg, principal analyst at Emarketer, highlighted a paradox: Only the largest, most dominant tech giants may have the resources to buy TikTok. Microsoft had been one of the handful of contenders to buy TikTok in 2020 when President Donald Trump first pushed for a sale. A former Trump Cabinet official enters the frayIn a move that caught many by surprise, former Trump Treasury Secretary Steven Mnuchin announced last month that he is putting together a team of investors to buy TikTok. As with Mnuchin, O’Leary has said a potential acquisition of TikTok may have to exclude TikTok’s algorithm.

Persons: Joe Biden, There’s, ”, Gene Kimmelman, Jasmine Enberg, ” Enberg, TikTok’s, Donald Trump, TikTok, Steven Mnuchin, Mnuchin, ” Oregon Democratic Sen, Ron Wyden, Trump, who’ve, Kevin O’Leary, O’Leary Organizations: CNN, Facebook, Google, Meta, Federal Trade Commission, FTC, Department, YouTube, Microsoft, Intel, Cisco, Verizon, Emarketer, Activision Blizzard, Walmart, Oracle, Project Texas, Texas, Trump Cabinet, Trump Treasury, Trump, ” Oregon Democratic, Washington Post, O’Leary Ventures Locations: United States, TikTok, ” Oregon

☆ Tiktok ban: Chinese owner Bytedance denies it’s willing to sell as US ban looms
▼ + stars: | 2024-04-25 | by ( Laura He | ) edition.cnn.com time to read: +3 min

In the statement, Bytedance attached screenshots of the Information’s report, which cited three people with knowledge of deliberations. Under what is now US law, TikTok is forced to find a new owner within months or be banned from the United States entirely, its biggest market with 170 million users. The Chinese government has previously said it strongly opposes a forced sale of TikTok, and has the legal ability to do so. In particular, they worry that TikTok could share data with the Chinese government or manipulate content displayed on its platform. But as a China-based company, ByteDance is subject to a myriad of national intelligence, data security and cybersecurity laws.

Persons: Hong Kong CNN —, ByteDance, Joe Biden, Bytedance, TikTok, Shou Chew, ” Organizations: Hong Kong CNN, “, ByteDance, National Intelligence Law Locations: Hong Kong, Beijing, China, Israel, Ukraine, United States, India

☆ There Is No TikTok in China, but There Is Douyin. Here’s What It Is.
▼ + stars: | 2024-04-25 | by ( Claire Fu | Daisuke Wakabayashi | ) www.nytimes.com time to read: +1 min

In China, there is no TikTok. After President Biden signed a bill on Wednesday forcing Chinese company ByteDance to sell its ownership of TikTok, the United States moved one step closer to an internet without the short video app. It is a staple of the Chinese internet the way TikTok is in the rest of the world. But because it has no presence outside China, Douyin, which means a “shaking sound” in Chinese, is not as well known globally. Will ByteDance succumb to political demands from Washington, or will it refuse to sell TikTok and face the consequences?

Persons: Biden, Douyin, Will ByteDance Organizations: ByteDance Locations: China, United States, U.S, Washington

☆ Gen Z would rather take a chance on a new app than use 'embarrassing' Instagram if TikTok gets banned
▼ + stars: | 2024-04-25 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +9 min

AdvertisementAs a potential US TikTok ban looms, Gen Zers are contemplating what app might take its place. A potential TikTok ban loomsThe US Senate passed a bill on Tuesday that could see TikTok removed from app stores. It's unclear if such AI tools would convince Gen Z to scroll on Instagram and use it more often. AdvertisementJaxson Whittle, an older Gen Z, told BI he holds a different opinion. "No hate to them, but I don't think it's the move for Gen Z at the moment."

Persons: Young, —, Zers, Joe Biden, They'd, Gabrielle Yap, Instagram, Josie doesn't, Gen, Hibaq Farah, TikTok, Farah, Tabitha Mae, I'm, I've, Yap, Kat, It's, Sophie Lund, Yates, Hargreaves Lansdown, Jaxson Whittle, TikToker Cassandra Marie, Gen Z, she's Organizations: Service, Senate, Business, Pew Research Center, Meta, Facebook, BBC, YouTube, Gen Locations: TikTok

☆ Blinken Tours China to Promote Some Ties, While the U.S. Severs Others
▼ + stars: | 2024-04-25 | by ( Ana Swanson | ) www.nytimes.com time to read: +1 min

It all went to emphasize the kind of economic, educational and cultural ties that the United States is pointedly holding up as beneficial for both countries. But hanging over those pleasantries during his visit to China this week are several steps the U.S. is taking to sever economic ties in areas where the Biden administration says they threaten American interests. Even as the Biden administration tries to stabilize the relationship with China, it is advancing several economic measures that would curb China’s access to the U.S. economy and technology. It is poised to raise tariffs on Chinese steel, solar panels and other crucial products to try to protect American factories from cheap imports. The president signed it on Wednesday, though the measure is likely to be challenged in court.

Persons: Antony J, Blinken, Biden, ByteDance Organizations: New, Biden Locations: Shanghai, New York, United States, China, U.S, Beijing

☆ TikTok to suspend TikTok Lite's reward programme amid EU concerns
▼ + stars: | 2024-04-24 | by ( ) www.cnbc.com time to read: 1 min

This photograph taken on April 11, 2024, in Paris, shows the logo of the Chinese social network application TikTok Lite displayed in Apple's App Store. The social network TikTok, owned by the Chinese company ByteDance, has launched a new application in France and Spain, called TikTok Lite, which allows its users to get paid by watching videos, it announced on April 10, 2024. Users aged 18 or older can "collect points by discovering new content or completing certain actions," the social network said. TikTok will voluntarily suspend its new app TikTok Lite's reward programme while it works to address EU concerns, the company said on X social media platform on Wednesday. The European Commission had given the ByteDance-owned company until today to address its concerns about the potentially addictive nature of the reward programme for children or face a temporary suspension of the feature.

Persons: TikTok Organizations: European Commission Locations: Paris, France, Spain

☆ Biden signs foreign aid bill providing crucial military assistance to Ukraine
▼ + stars: | 2024-04-24 | by ( Michael Williams | Arlette Saenz | ) edition.cnn.com time to read: +2 min

Washington CNN —President Joe Biden on Wednesday signed into law an aid package providing crucial military assistance to Ukraine, capping months of negotiations and debate. The aid package, passed by the Senate late Tuesday evening and worth $95 billion in total, includes nearly $61 billion in aid to Ukraine, $26 billion for Israel and $8 billion for the Indo-Pacific. Hardline House conservatives opposed further US funding to Kyiv and threatened to oust Johnson over his handling of the negotiations. Conservatives in Congress have opposed additional assistance for what they view as an unwinnable war. Earlier this year, Biden signaled his intentions to make significant immigration-related concessions if Congress were to move forward with the aid bill.

Persons: Joe Biden, Volodymyr Zelensky, Mike Johnson, Johnson, Biden, Bill Burns, Donald Trump, Trump, Sen, Bernie Sanders, ” Sanders, Benjamin ] Organizations: Washington CNN, Senate, House Republican, Conservatives, Congress, CIA, Ukraine, Republicans Locations: Ukraine, Israel, United States, Kyiv, Europe, Russia, Gaza

The winners from the TikTok battleThe countdown to TikTok disappearing from the United States is about to start. The Senate overwhelmingly passed legislation to force the divestment of the video app by its Chinese owner, ByteDance, within a year or be banned. Barring the app from U.S. shores could take months, or even years — if it actually happens. The road ahead is complicated, and any disruptions to the app could bolster its American rivals. Analysts at Bernstein have estimated that, should TikTok be banned, Meta could draw up to 60 percent of TikTok’s American ad revenue, while YouTube could take another 25 percent or so.

Persons: Biden, Bernstein Organizations: Google, Meta, YouTube Locations: United States

Just over a year ago, lawmakers displayed a rare show of bipartisanship when they grilled Shou Chew, TikTok’s chief executive, about the video app’s ties to China. Their harsh questioning suggested that Washington was gearing up to force the company to sever ties with its Chinese owner — or even ban the app. But behind the scenes, a tiny group of lawmakers began plotting a secretive effort that culminated on Tuesday, when the Senate passed a bill that forces TikTok to be sold by its Chinese owner, ByteDance, or risk getting banned. For nearly a year, lawmakers and some of their aides worked to write a version of the bill, concealing their efforts to avoid setting off TikTok’s lobbying might. To bulletproof the bill from expected legal challenges and persuade uncertain lawmakers, the group worked with the Justice Department and White House.

Persons: Shou, Little, TikTok Organizations: Senate, Justice Department, White Locations: China, Washington, United States

☆ Senate passes bill that could ban TikTok in the US
▼ + stars: | 2024-04-24 | by ( Madison Hall | Hannah Getahun | ) www.businessinsider.com time to read: +1 min

The Senate just passed a TikTok "ban" as part of a larger foreign aid bill. Once Biden signs it into law, ByteDance will have 270 days to sell TikTok. Trump tried to institute a similar ban via executive order, but it was struck down by in court. AdvertisementThe Senate passed a multifaceted bill Tuesday evening that would effectively ban TikTok from the US app store once President Joe Biden signs it, as he has signaled he will. Tucked into the foreign aid bills was text forcing TikTok's parent company, ByteDance, to sell the social media service to an American one or face a ban.

Persons: Biden, ByteDance, Trump, —, Joe Biden Organizations: Service, Business Locations: Ukraine, Israel, Taiwan, Gaza, American

☆ How TikTok’s Chinese parent company will rely on an American right to keep the app alive
▼ + stars: | 2024-04-24 | by ( Hadas Gold | ) edition.cnn.com time to read: +5 min

In recent months, the company has foreshowed it plans to challenge the law on First Amendment grounds. Krishnan said even the national security argument will not withstand legal scrutiny because the Chinese government could easily purchase the same data on Americans through the open market. TikTok’s looming legal challenge will be one of several that could eventually reach the US Supreme Court that could completely redefine online speech. Other high-profile cases that will determine whether social media companies can moderate content on their platforms are also likely to be decided this year. “The rules for online speech are being written by the Supreme Court this year,” Persily said.

Persons: CNN —, Joe Biden, ”, Shou Chew, TikTok, Ramya Krishnan, Nate Persily, Persily, “, Christopher Wray, ” Wray, ” TikTok, ” Persily, Krishnan Organizations: CNN, Communist Party, Columbia University, Stanford, Stanford Cyber Policy, American, FBI, NBC, Supreme Locations: China, Montana, TikTok, American

☆ Biden signs Israel, Ukraine, TikTok bill into law
▼ + stars: | 2024-04-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

US President Joe Biden speaks after signing the foreign aid bill at the White House in Washington, DC, on April 24, 2024. President Joe Biden on Wednesday signed into law measures to provide aid to Israel, Ukraine and Taiwan, as well as force Chinese TikTok parent company ByteDance to sell the social media platform. It should have been easier and it should've gotten there sooner," Biden said Wednesday after signing the bill. Biden had signaled his intention to sign the bill into law after the House passed the proposal on Saturday. The law earmarks roughly $60 billion in aid for Ukraine, $26 billion for Israel and $8 billion for security in Taiwan and the Indo-Pacific.

Persons: Joe Biden, should've, Biden, TikTok Organizations: White, Capitol, Senate Locations: Washington ,, Israel, Ukraine, Taiwan, America, U.S

☆ TikTok creators fear for their livelihoods after U.S. lawmakers pass bill that could lead to ban
▼ + stars: | 2024-04-24 | by ( Zach Vallese | ) www.cnbc.com time to read: +7 min

"TikTok allows small businesses and creators to find their people in their community," Nichols told CNBC, ahead of the bill's signing. watch nowNichols joined a number of other TikTok creators in traveling to the Capitol to oppose a potential ban. TikTok creators and influencers, living far out of the realm of politics, have a very different concern. Tony Youn, a plastic surgeon with 8.4 million TikTok followers, said finding a big audience is difficult. WATCH: Senator Markwayne Mullin talks passage of Tiktok ban

Persons: Craig Hudson, Ophelia Nichols, Nichols, Biden, TikTok didn't, Shou Zi Chew, TikTok, Markwayne Mullin, CNBC's, Mullin, they'll, Zi Chew, Sen, John Fetterman, Anna Moneymaker, livestreams, Adam Mosseri, Tony Youn, Youn Organizations: Foreign, Capitol, Washington , D.C, CNBC, Oxford, TikTok, America Survey, Lawmakers, Communist Party, Russell Senate, ByteDance, Getty, YouTube, Meta, Facebook Locations: Washington , U.S, Alabama, Washington ,, Israel, Ukraine, Taiwan, It's, American, U.S, TikTok, United States

☆ The TikTok divest-or-ban bill is a First Amendment disaster, but it may still stand up in court
▼ + stars: | 2024-04-24 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

Maybe…Earlier attempts to ban or force a sale of TikTok often haven't stood up in court. Other parties, like TikTok creators, may launch separate legal challenges in the coming weeks, as they have done in the past. AdvertisementTrump's 2020 order to ban TikTok was halted by a federal judge who said it likely exceeded executive authority. While the bill is framed around forcing US ownership of TikTok, it's likely to result in a ban, which strengthens the free-speech argument. Congress hasn't proven that an outright sale or ban of TikTok is the only way to protect national-security interests.

Persons: Joe Biden, ByteDance, TikTok, haven't, TikTokers, Matthew Schettenhelm, Hans, Lena Shapiro, Ramya Krishnan Organizations: Service, Business, ACLU, Bloomberg Intelligence, Cornell Law School, TikTok, University of Illinois College of Law, Chinese Communist Party, Intelligence Law, CCP, Columbia University Locations: Montana, Texas, Washington, China

☆ TikTok’s Pro-China Tilt
▼ + stars: | 2024-04-24 | by ( David Leonhardt | ) www.nytimes.com time to read: +1 min

Just a few months ago, it seemed unlikely that the U.S. government would force ByteDance, the Chinese company that owns TikTok, to sell it. The platform is popular, and Congress rarely passes legislation aimed at a single company. If ByteDance does not sell TikTok within 12 months, it will be banned in the United States. TikTok is also owned by a company based in the leading global rival of the United States. And that rival, especially under President Xi Jinping, treats private companies as extensions of the state.

Persons: TikTok, ByteDance, Biden, Xi Jinping, ” Christopher Wray Locations: Ukraine, Taiwan, Israel, United States

☆ Big Tech has split into 3 camps: loved, hated and iffy. Here's where our 8 stocks fit
▼ + stars: | 2024-04-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

META YTD mountain Meta Platforms YTD Meta has the biggest tailwind on Earth being dangled in front of it — the newly signed law that says Chinese company ByteDance must sell TikTok or face a U.S. ban on the short-form video platform. AMZN YTD mountain Amazon YTD Amazon is also in the loved category but reports this coming Tuesday. NVDA YTD mountain Nvidia YTD I have no idea how Nvidia got to be a fence-sitter. AVGO YTD mountain Broadcom YTD Broadcom is iffy. CRM YTD mountain Salesforce YTD Salesforce has become mighty complicated.

Persons: I'm, Mark Zuckerberg, Meta, Andy Jassy, It's, Claude AI, Jensen Huang, Nvidia's, hasn't, it's, Hock Tan, Salesforce, Marc Benioff, what's, that's, Jim Cramer's, Jim Cramer, Jim, Carlos Barria Organizations: Microsoft, Meta, he's, Google, Amazon, Services, Nvidia, Broadcom, Blackwell, VMWare, calvary, PayPal, Informatica, Apple, CNBC, Facebook Locations: U.S, Oregon, Informatica, China, Menlo Park , California

☆ Banning TikTok would hit China’s tech ambitions and deepen the global digital divide
▼ + stars: | 2024-04-24 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Not only would that deal another huge blow to China’s tech ambitions, it would further deepen the divide between two digital worlds centered around the rival economic superpowers. Congress on Tuesday approved legislation that could compel ByteDance to sell TikTok or face a national ban. That leaves few options for ByteDance to secure the future of TikTok in the US, its biggest market with 170 million users. “This includes everything from who owns and operates data centers, to space-based internet satellites, to undersea cables and, of course semiconductors.”In that sense, the TikTok ban has its silver lining for Beijing. Growing challenges for Chinese appsThe TikTok legislation was included in a wide-ranging foreign aid package meant to support Israel, Ukraine and Taiwan.

Persons: Hong Kong CNN —, ByteDance, Joe Biden, TikTok, “, ”, Alex Capri, Richard Windsor, Capri, Biden, Paul Triolo, ” Triolo, Wang Wenbin, CNN’s Marc Stewart, Triolo doesn’t, — CNN’s Wayne Chang, Marc Stewart Organizations: Hong Kong CNN, Foundation, National University of Singapore’s Business, YouTube, Google, Radio Free Mobile, TikTok, Technology, Albright, Commerce Department, Commerce, China’s, Foreign Ministry, Facebook, Apple Locations: China, Hong Kong, America, Beijing, Capri, “, Asia, Israel, Ukraine, Taiwan, Silicon Valley, American, Bytedance, “ Beijing

☆ Biden just signed a bill that could ban TikTok: Here's what that means for you
▼ + stars: | 2024-04-24 | by ( Aditi Shrikant | ) www.cnbc.com time to read: 1 min

President Joe Biden signed a bill into law on Wednesday that would ban TikTok if its not sold within the year. The measure is folded into a law that says the United States will provide aid to Israel, Ukraine, and Taiwan. TikTok representatives have already responded. "This unconstitutional law is a TikTok ban, and we will challenge it in court," the company wrote in a Wednesday statement on X following Biden's signing. "This ban would devastate seven million businesses and silence 170 million Americans."

Persons: Joe Biden Locations: United States, Israel, Ukraine, Taiwan

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