DIRS.INFO The most relevant business & tech news

☆ TikTok's potential ban in U.S. could be boon for Meta and Snap
▼ + stars: | 2023-03-01 | by ( Ashley Capoot | ) www.cnbc.com time to read: +4 min

Jonathan Raa | Nurphoto | Getty ImagesInvestors in Meta , Snap and other U.S. digital media companies have been looking for signs of a rebound after a tumultuous 2022. Meta climbed 1% on Wednesday, and Snap was unchanged. She said that Meta's Facebook, Snap and Google's YouTube could be "huge beneficiaries" if the ban ultimately takes place. watch now"A U.S. ban on TikTok is a ban on the export of American culture and values to the billion-plus people who use our service worldwide," a TikTok spokesperson said Wednesday. Andrew Boone, an analyst at JMP, said that Meta likely stands to benefit the most should TikTok face a U.S. ban.

WASHINGTON — The U.S. House Foreign Affairs Committee plans to take up legislation Tuesday that would give President Joe Biden the authority to ban TikTok, the Chinese social media app used by more than 100 million Americans. 1153 will effectively leap frog several other proposals to ban TikTok that were previously introduced in the House and Senate, but haven't yet advanced through the committee process. My bill empowers the administration to ban TikTok or any software applications that threaten U.S. national security," McCaul said in a statement Monday. "It would be unfortunate if the House Foreign Affairs Committee were to censor millions of Americans," TikTok spokeswoman Brooke Oberwetter told CNBC in an email Monday. At the time, ByteDance was looking to potentially spin off TikTok to keep the app from being shut down.

☆ Jim Cramer's top 10 things to watch in the stock market Tuesday: February to forget, 100 days of Iger
▼ + stars: | 2023-02-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Sign up for my Top 10 Morning Thoughts on the market email newsletter for free 2. RBC Capital calls General Electric (GE) a buy ahead of next week's analyst day; ahead of separation of energy and power businesses into GE Vernova. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Democratic senator urges Apple, Google to kick TikTok out of app stores
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Feb 2 (Reuters) - TikTok, owned by China's ByteDance, should be removed from app stores run by Apple Inc (AAPL.O) and Alphabet's (GOOGL.O) Google because the short video social media app poses a risk to national security, Senator Michael Bennet, a Democrat on the intelligence committee, said in a letter dated Thursday. "Given these risks, I urge you to remove TikTok from your respective app stores immediately," he wrote. Prior to Bennet's letter, Republicans have largely led the charge on TikTok and national security concerns, although Democratic Senator Dick Durbin previously urged Americans to stop using the app. For its part, the company says China's government cannot access the personal data of U.S. citizens or manipulate the app's content. TikTok Chief Executive Shou Zi Chew is due to appear before the U.S. House Energy and Commerce Committee in March.

☆ Musk launches poll on whether he should quit as Twitter CEO
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +3 min

Replying to a user on Twitter later, Musk said "There is no successor" in reference to a possible change in CEO. Minutes before the poll, Musk apologized and tweeted "Going forward, there will be a vote for major policy changes." loadingFormer Twitter CEO Jack Dorsey, who recently invested in social media platform Nostr, replied to the Twitter support post with one word: "Why?". Last week, Twitter disbanded its Trust and Safety Council, a volunteer group formed in 2016 to advise the social media platform on site decisions. The policy change follows other chaotic actions at Twitter since Elon Musk, who is also the CEO of Tesla (TSLA.O), bought the social network.

☆ Twitter prohibits users from promoting accounts on Facebook, Mastodon
▼ + stars: | 2022-12-18 | by ( ) www.reuters.com time to read: +2 min

[1/3] The Twitter logo is seen outside the offices in New York City, U.S., November 9, 2022. REUTERS/Brendan McDermidDec 18 (Reuters) - Twitter on Sunday said that it will remove accounts created solely for the purpose of promoting other social platforms and content that contains links or usernames. The move would impact content from social media platforms like Meta Platforms' (META.O) Facebook and Instagram, along with Mastodon, Truth Social, Tribel, Nostr and Post while allowing cross-content posting, Twitter support said in a tweet. loadingFormer Twitter CEO Jack Dorsey, who recently invested in social media platform Nostr, replied to the Twitter support post with one word: "Why?". Last week, Twitter disbanded its Trust and Safety Council, a volunteer group formed in 2016 to advise the social media platform on site decisions.

☆ Op-ed: What Elon Musk really gets out of owning Twitter
▼ + stars: | 2022-11-03 | by ( Matt Rosoff | ) www.cnbc.com time to read: +6 min

As the owner of Twitter, Musk now controls a platform that has mounds of data about the connections among its users, their interactions, their interests and so on. Most important, by owning Twitter, Musk expands his reach far beyond his own fanbase. Musk has hinted at this in his statements about Twitter as a bastion of free speech. But so far, Musk seems to equate "free speech" on Twitter with "looser moderation." During his first weekend owning the service, Musk responded to Hillary Clinton by tweeting an unfounded, anti-LGBTQ conspiracy theory about the attack on House Speaker Nancy Pelosi's husband.

☆ ByteDance plans music-streaming expansion to take on Spotify - WSJ
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

Oct 12 (Reuters) - China's ByteDance Ltd is in talks with music labels for expanding its music-streaming service globally to compete with industry leaders such as Spotify Technology SA (SPOT.N), the Wall Street Journal reported on Wednesday. The TikTok parent plans to eventually integrate music streaming within its short-video service and scale it to serve as a major platform for distributing music globally, according to the report that cited people with knowledge of the discussions. Shares of Spotify pared gains to trade flat in after-market trading on Wednesday, while Warner Music Group Corp (WMG.O) gained 4%. The company had discussed in recent months launching its Resso music-streaming service, currently available in India, Indonesia and Brazil, in more than a dozen additional markets, but expansion to the United States isn't immediately on the cards, according to the report. Register now for FREE unlimited access to Reuters.com RegisterReporting by Yuvraj Malik in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ TikTok inching toward U.S. security deal to avoid sale - NYT
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterTikTok app logo is seen in this illustration taken, August 22, 2022. TikTok and the Biden administration have drafted a preliminary agreement to resolve national security concerns but are still deciding on a potential agreement, the Times reported, citing people familiar with the matter. ByteDance and TikTok did not immediately respond to Reuters' request for comment. Register now for FREE unlimited access to Reuters.com RegisterTikTok has long faced scrutiny from U.S. lawmakers, who have questioned the Chinese-owned app's safeguards of user data. Register now for FREE unlimited access to Reuters.com RegisterReporting by Eva Mathews in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ TikTok to verify political accounts in U.S., ban campaign fundraising
▼ + stars: | 2022-09-21 | by ( Sheila Dang | ) www.reuters.com time to read: +2 min

TikTok app logo is seen in this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoSept 21 (Reuters) - TikTok will begin requiring accounts belonging to U.S. government departments, politicians and political parties to be verified and will ban videos aimed at campaign fundraising, the short-form video app said on Wednesday. Political accounts can submit a request for verification, TikTok said, and the company will also work to confirm the authenticity of profiles it believes belong to politicians or political parties. To help enforce the ban, accounts belonging to politicians and parties will automatically be prevented from accessing advertising features, TikTok said in a blog post. Content that will be banned under the new policy includes videos from politicians soliciting donations or political parties directing users to make a donation on their website.

Search resuls for: "China's ByteDance"

10 mentions found