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☆ YouTube has added a 'gifting' feature to its vertical streams, ramping up the competition for livestream e-commerce
▼ + stars: | 2024-11-15 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

YouTube is adding a "gifting" feature for vertical livestreams that allows users to purchase digital gifts for streamers, similar to a feature that fuels livestream sales on TikTok. Related Video TikTok could be banned in US after House voteTikTok's LIVE Gifts feature operates similarly. Livestream e-commerce in the United States is expected to grow to $68 billion by 2026, according to Statista, a data research firm. AdvertisementGoogle is also looking to expand its own shopping feature. YouTube Shopping allows creators to make "collections" of products that viewers can purchase.

Persons: TikTok, ByteDance Organizations: YouTube, Google, Forbes Locations: China, TikTok, United States, livestreams, Culver City , California, Indonesia

☆ TikTok's use of casino-like virtual currency to allegedly exploit children faces scrutiny in DC lawsuit
▼ + stars: | 2024-10-09 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

Of the many allegations against TikTok brought by a group of attorneys general, one stands out for its focus on the company's abusive use of its virtual currency. That currency "substantially harms children," and the livestreaming feature "exploits them financially," according to the lawsuit. Through TikTok's system, children buy the virtual tokens — TikTok Coins — with real money, and the company gets 50% of the revenue from the purchases, the lawsuit says. The suit says that TikTok "extracts" a commission of up to 50% from these exchanges without having obtained the necessary license. "If you make it look pretty and joyful and kind of innocent looking … it makes it easier to manipulate the children," Robins said.

Persons: ByteDance, TikTok, Brian Schwalb, Gabriel Robins, Robins, Brooke Erin Duffy Organizations: U.S . House, District of Columbia, TikTok, CNBC, Social, University of Virginia, Federal, D.C, Cornell University's Locations: TikTok, Culver City , California

☆ States sue TikTok over app's effect on kids' mental health
▼ + stars: | 2024-10-08 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

Schwalb's suit alleges a slew of "profound" mental health risks are posed to teens and children by compulsive TikTok use, including depression, anxiety, sleep loss and body dysmorphia. "TikTok knows that its design features make its App more addictive and keep users engaged for longer," the suit in D.C. Superior Court alleges. The complaint also says that in 2019, the company introduced "two new dangerous features": a live-streaming feature called TikTok LIVE and a virtual currency system called TikTok "Coins." TikTok incentivizes users to go LIVE by promising these monetary rewards 'the more popular [their] content becomes.'" The suit says that TikTok "earns substantial revenue" from its Coins, charging commissions of up to 50% on each transaction.

Persons: ByteDance, Brian Schwalb, Schwalb, TikTok Organizations: U.S . House, District of Columbia, CNBC, Washington , D.C, NHL's Washington Capitals hockey, Schwalb, AGs, Senate Locations: TikTok, Culver City , California, New York, California, U.S, D.C, Los Angeles, Washington ,, United States, China, Beijing

☆ TikTok is training its e-commerce partners on what's worked in China as it doubles down on live selling
▼ + stars: | 2024-10-03 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

The company spent much of the event pushing TikTok Shop partners to test out live selling. But live selling was the clear focus of the event, five partners who attended told Business Insider. AdvertisementA second partner who attended the event described its content as "live, live, live." The invite list for the summit may have also played a role in focusing the discussion around live selling. Several attendees said the prospect of a ban wasn't brought up at the company's TikTok Shop partner summit.

Persons: TikTok, —, Jake Bjorseth, Trndsttrs, what's, ByteDance, adQuadrant, Warren Jolly, you've, Jolly, it's, Bjorseth, influencers, TikTok's, wasn't Organizations: TikTok, Service, Culver City, Business, Shop, TikTok's, Douyin, BI, Amazon, Walmart Locations: China, Culver, livestream, TikTok's China, Asia, Shanghai, Hangzhou, North America, Europe

☆ Tia Mowry says she and sister Tamera aren’t close anymore. Here are 9 other famous duos who prove relationships are hard
▼ + stars: | 2024-09-22 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +6 min

“But that’s just not where we are right now.”The sisters aren’t alone in their status as dynamic duos turned dynamic uno. Hall & OatesDaryl Hall and John Oates of the band Hall and Oates performing in Minnesota in 2017. In May, Hall – who originally filed the lawsuit against Oates in 2023 – told Variety in an interview that that Hall & Oates were officially over. Zeppelin originally included Page, Plant, drummer John Bonham and bassist/keyboardist John Paul Jones. The band broke up in 1980 after Bonham’s death and Page and Plant went on to each have successful solo careers.

Persons: Tia Mowry, Tamera Mowry, Housley, ”, Mowry, Cory Hardict, “, that’s, Keegan, Michael Key, Jordan Peele Keegan, Jordan Peele, Peele, Key, ” Paris Hilton, Nicole Richie, Paris Hilton, Frazer Harrison, besties, Richie, they’re, Peacock, Liam, Noel Gallagher Liam, Noel Gallagher, they’ve, Stripes Jack, Meg White, Adam Savage, Jamie Hyneman, Alberto E, Rodriguez, Savage, Jon Lung, Brian Louden, ” Savage, Oates Daryl Hall, John Oates, Oates, Adam Bettcher, Daryl Hall, Hall –, –, Mero Desus, Kid Mero, Showtime’s, Mero, Carmelo Anthony, Nice, Robert Plant, Jimmy Page Robert Plant, Jimmy Page, John Bonham, John Paul Jones, Plant, “ He’s, ” Page, Simon, Garfunkel, Paul Simon, Kevin Winter, Art Garfunkel Organizations: CNN, Comedy, Paris, Getty, Hilton, Gallaghers, Oasis, Stripes, Oates, NBA, Zeppelin, New York Times Locations: Hollywood, “, Pasadena, Minnesota, Brooklyn, British, Culver City, Queens

☆ A look at the behind-the-scenes business of Hollywood studio lot tours
▼ + stars: | 2024-08-31 | by ( Sarah Whitten | ) www.cnbc.com time to read: +12 min

Hosted by Universal , Warner Bros. , Sony and Paramount , studio lot tours showcase the movie-making process from set design and sound recording to costumes and props. Building facades at the Warner Bros. studio lot. Floor to ceiling shelves filled with marble and faux marble busts at Warner Bros.' studio tour prop house. Studio Tour Hollywood Grand Re-Opening at Warner Bros. Studios on June 24, 2021 in Burbank, California. For the first six months of their employment with the studio, these pages serve as studio tour guides.

Persons: Tama, Robert Thompson, Adam Burke, Burke, Thompson, Mayer, Sarah Whitten, Tony Tasset, Oz, bauer, Foley, Gilmore, Harry Potter, Matt Winkelmeyer, Paul Dergarabedian, Alfred Hitchcock's, Truman, Benjamin Button, Steven Spielberg, Gabriel Bouys, King Kong, Allen J Organizations: Getty, Hollywood, Syracuse University, Universal, Warner Bros, Sony, Paramount, Los Angeles Tourism Board, Los Angeles Department of Public Works, Sony Pictures, Metro, Goldwyn, CNBC, Social, Sony Pictures Entertainment, CNBC Warner Bros, Warner Bros ., Fantastic, Studios, Turner, Paramount Studios, Bloomberg, Universal Studios, Afp, Universal Studios Hollywood, York, Los Angeles Times Locations: New York City, Los Angeles, Culver City, Central, Burbank , California, Los Angeles , California, York, Hollywood, New York

☆ ‘Bad Monkey,’ Bad Deer, Bad Weather: The Fun of Filming in Florida
▼ + stars: | 2024-08-13 | by ( Alexis Soloski | ) www.nytimes.com time to read: +1 min

Alex Moffat, an actor and comedian best known for his work on “Saturday Night Live,” rarely shouts at deer. But during a tense scene in the new crime comedy “Bad Monkey,” a Key deer, a member of an endangered species native to the Florida Keys, kept entering the frame. Not a lot of shows shoot in Florida — blame the lack of film infrastructure; blame the absence of tax breaks; blame the deer and the gnats and the 99 percent humidity. Even shows set in the state will typically shoot in North Carolina, Georgia, Louisiana or, as in the case of Lawrence’s Florida-centric comedy “Cougar Town,” Los Angeles. He strongly preferred a Florida shoot, especially for the scenes set in the Keys.

Persons: Alex Moffat, ”, Moffat, “, it’s, Bill Lawrence, Andrew Yancy, Vince Vaughn, Carl Hiaasen’s Organizations: Apple, wranglers, Miami Herald, Hollywood Locations: Florida, North Carolina , Georgia, Louisiana, Los Angeles, Culver City

☆ These 4 groups of borrowers will qualify for Biden's next round of student loan forgiveness
▼ + stars: | 2024-08-06 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

The Department is still working out the details of the plan, and will notify eligible borrowers soon. "Once these rules are finalized, 30 million Americans will get to benefit and experience the life-changing impact of student debt cancellation," said Aissa Canchola Bañez, policy director at the Student Borrower Protection Center. These are the four groups who stand to benefit from partial or full debt relief, if the plan survives the inevitable next round of lawsuits. Many student loan borrowers aren't aware of the relief options available to them, such as income-driven repayment plans and the Public Service Loan Forgiveness program, consumer advocates say. The Education Department says it will look into when those underlying loans initially entered repayment.

Persons: Joe Biden, Irfan Khan, Biden, Joe Biden's, Canchola, haven't Organizations: Los Angeles Times, Getty, Education Department, Student, Protection, Department, Public Locations: Culver City , California

☆ Doug Emhoff, Husband of Kamala Harris, Acknowledges Long-Ago Affair
▼ + stars: | 2024-08-03 | by ( Ken Bensinger | Jim Rutenberg | ) www.nytimes.com time to read: +1 min

Doug Emhoff, the husband of Vice President Kamala Harris, said on Saturday that he had an extramarital affair during his first marriage, years before he met Ms. Harris. At the time, Mr. Emhoff, an entertainment lawyer, was married to Kerstin Emhoff, a film producer, with whom he had two children. Mr. Emhoff met Ms. Harris in 2013, and they married the following year. “During my first marriage, Kerstin and I went through some tough times on account of my actions,” Mr. Emhoff said in the statement. “I took responsibility, and in the years since, we worked through things as a family and have come out stronger on the other side.”

Persons: Doug Emhoff, Kamala Harris, Harris, Emhoff, Kerstin Emhoff, Kerstin, ” Mr, “, ” Locations: Culver City, Calif

☆ I quit my 6-figure tech job when my mental health collapsed. My only responsibility now is to make myself happy.
▼ + stars: | 2024-07-19 | by ( Elle Hardy | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I worked my way up in my first company quickly and began earning a six-figure salary when I was 30. I felt really isolated, and it affected my mental health. I felt like my hard work went unappreciatedI tried to move to Chicago last year, but it didn't work out. It's been such a relief already, and the possibilities feel endlessJust making the decision helped my mental health — particularly my anxiety.

Persons: —, Rachel Stolba, I'm, I'd, unappreciated, didn't, Chicago wouldn't, I've, It's, it's, Lauryn Haas Organizations: Service, Business, Culver City, lhaas@businessinsider.com Locations: Los Angeles, America, New York, LA, Chicago, Morocco, Madrid, Mexico, Spanish, Culver, Central America, Costa Rica, San Juan del Sur, Nicaragua, Sayulita

☆ Romance Bookstores Are Booming, Dishing ‘All the Hot Stuff You Can Imagine’
▼ + stars: | 2024-07-07 | by ( Alexandra Alter | ) www.nytimes.com time to read: +1 min

Last summer, when Mae Tingstrom had the idea to open a romance bookstore in Ventura, Calif., the first thing she did was search online to see whether there was already one in her region. She found The Ripped Bodice — a bookstore in Culver City that was doing so well, it was expanding to a second location in Brooklyn. If their success was daunting, it also suggested that there might be room for another romance store. So this February, she opened Smitten on a busy strip of Main Street, about 60 miles from her competitor. In the months since, Smitten has become a vibrant hub for romance readers, with author signings, tarot readings, book clubs and trivia and craft nights.

Persons: Mae Tingstrom, ”, “, ” Tingstrom Locations: Ventura , Calif, Culver City, Brooklyn

☆ FTC refers TikTok complaint to Justice Department
▼ + stars: | 2024-06-18 | by ( Jennifer Elias | ) www.cnbc.com time to read: +1 min

The TikTok logo is displayed at TikTok offices on March 12, 2024 in Culver City, California. The Federal Trade Commission said Tuesday that it's referred its complaint against TikTok and Chinese parent ByteDance to the U.S. Department of Justice. The FTC began its investigation following a 2019 settlement with Musical.ly, the predecessor to TikTok, that was related to violations of the Children's Online Privacy Protection Act (COPPA). The FTC was probing to see if TikTok violated a federal law that prohibits "unfair and deceptive" business practices. TikTok didn't immediately respond to a request for comment.

Persons: TikTok, Shou Zi Chew, didn't, Joe Biden, — CNBC's Lora Kolodny Organizations: Federal Trade Commission, U.S . Department of Justice, FTC, DOJ, TikTok, U.S Locations: Culver City , California, Musical.ly, U.S

☆ Insider Today: Travel agents are back
▼ + stars: | 2024-06-16 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +5 min

This week's dispatchRob McElhenney is Business Insider's June 2024 digital cover star. Edmon de Haro for BITravel agents are backFollowing the pandemic-era lockdowns, people are hungry for travel. The interest in having someone else plan a vacation is returning travel agents to their '90s glory. How travel agents came roaring back. Art Wager/Getty ImagesEveryone's moving to TexasMovers from all corners of the US are flocking to Celina, Texas, a small town about 41 miles north of Dallas.

Persons: —, Rob McElhenney, Sheryl Nields, Rob McElhenney's, Rob McElhenney breezed, would've, McElhenny, Samantha Rollins, Lucia Moses, Ryan Reynolds, McElhenney, Rob it's, de Haro, Zers, Z, Wager, Chelsea Jia Feng, Uma Naidoo, Naidoo, Liam Daniel, we're, Dev Patel's Organizations: Service, Business, Wrexham AFC, Wrexham, BI, Texas Movers, Getty, Cunard, Food, Harvard, Vivid Locations: Bali, Philadelphia, Culver City, Los Angeles, English, Wales, Wrexham, Houston , Texas, Texas, Celina , Texas, Dallas, Celina

☆ TikTok begins automatically labeling AI-generated content
▼ + stars: | 2024-05-09 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +2 min

TikTok is starting to automatically label videos and images made with artificial intelligence, the company said on Thursday. AI-generated content on the app will now be tagged with "Content Credentials," a digital watermarking technology from the Coalition for Content Provenance and Authenticity, TikTok said in a press release. "Content Credentials attach metadata to content, which we can use to instantly recognize and label [AI-generated content]," TikTok said. TikTok already labels content made with its in-app AI effects and requires creators to label any content they produce containing realistic AI. This latest move will expand automatic labeling to AI-generated content uploaded from other platforms.

Persons: TikTok, OpenAI, Joe Biden Organizations: Coalition, Adobe, Microsoft, Meta, Google, U.S . Locations: U.S, Culver City , California

☆ A vegan restaurant is switching to serving meat, saying plant-based eating isn't enough to save the planet
▼ + stars: | 2024-04-25 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

The restaurant will instead support regenerative farming practices — a move condemned by PETA. AdvertisementThe chef of a Los Angeles vegan restaurant announced that her restaurant is rebranding and transitioning to serving meat, dairy, and eggs. Renamed the Sage Regenerative Kitchen & Brewery, the restaurant will instead focus on supporting regenerative farming practices, Engelhart said in an Instagram video. AdvertisementEngelhart told the LA Times that she was being "vulnerable" in announcing the move, and that she had braced herself for the "vitriol" to come. She also told the LA Times that financial considerations influenced her decision, with the newspaper reporting that the restaurants had not been profitable since 2020.

Persons: —, Mollie Engelhart, Engelhart, William H, Schlesinger, pushback, Jayde Nicole, Hannah Weseloh, Englehart Organizations: PETA, Service, Brewery, Los Angeles Times, LA Times, Cary Institute of Ecosystem Studies Locations: Los Angeles, Echo Park, Culver City, Pasadena, LA

☆ I got my dream job at Apple on my fourth attempt. Here's why I left the 6-figure job after only 2 years.
▼ + stars: | 2024-04-25 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +4 min

Corey Griffin landed a job as a software engineer at Apple after showcasing his side hustles. He worked for Apple Music but left to pursue his business this year. I applied for a job at Apple 4 timesI landed a job as a software engineer at Apple in August 2021. I left my Apple job after 2 yearsI worked on software for the Apple music team, including radio and podcasts. I left Apple in December 2023 to pursue my media business full-time, particularly the Speakflow product.

Persons: Corey Griffin, Griffin, —, Vox, I'd Organizations: Apple, Apple Music, Service, Los Angeles . Business, Big Tech, Stanford, Harvard, Rotten Locations: Los Angeles, Culver City , California

☆ Here's how Biden's new student loan forgiveness plan differs from his first
▼ + stars: | 2024-04-14 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

President Joe Biden delivers remarks on canceling student debt on February 21, 2024 in Culver City, California. Mario Tama | Getty Images News | Getty ImagesA more targeted forgiveness programBiden's 2020 campaign promise to erase student debt was thwarted at the Supreme Court last June. The majority-conservative court ruled that Biden's $400 billion loan cancellation plan was unconstitutional. Biden had tried to forgive the debt of nearly all 40 million federal student loan borrowers, with many people getting up to $20,000 in cancellation. The new plan also calls for borrowers to get up to $20,000 of unpaid interest on their federal student debt forgiven, regardless of their income.

Persons: Joe Biden, Mario Tama, Biden, Luke Herrine Organizations: Getty, University of Alabama, CNBC Locations: Culver City , California

☆ Biden administration will soon roll out a sweeping new student loan forgiveness plan
▼ + stars: | 2024-04-05 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library on February 21, 2024 in Culver City, California. The Biden administration will soon roll out a sweeping new student loan forgiveness proposal that could impact millions of Americans. Almost half of all voters, or 48%, say canceling student loan debt is an important issue to them in the 2024 presidential and congressional elections, a recent survey found. Forgiving student debt could especially help Biden with young voters, a demographic he's been struggling with. Around 70% of Gen Z respondents said student debt cancelation was important to them in the election.

Persons: Joe Biden, Culver City Julian, Biden, Joe Biden's, Mark Kantrowitz, Gen, cancelation Organizations: Culver City, Culver City Julian Dixon Library, Street, Finance Locations: Culver City , California, Madison , Wisconsin

☆ Kevin O'Leary wants to buy TikTok at up to 90% discount. Here's why
▼ + stars: | 2024-03-22 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Kevin O'Leary is putting together a syndicate for a potential purchase of TikTok, with a starting bid of $20 billion to $30 billion — an up to 90% cut in valuation from the company's last funding round. Any deal for the short video-sharing platform — valued at $220 billion in 2023, according to PitchBook data — will likely exclude the user preference-based algorithms that have helped make it so successful, the O'Leary Ventures Chairman said on CNBC's "Street Signs Asia." "It's the largest entertainment and business network in America as it stands today, so it's of great interest and great value," he said on Friday. But it is not likely that the Chinese government will sell the algorithms, "so what you're getting is the valuable domestic brand TikTok and 170 million users, with no data," O'Leary said. A potential buyer will have to "re-emulate" those algorithms with U.S. code and act as a "steward" to transform the platform from "TikTok China to TikTok U.S.A." Hence the valuation cut.

Persons: ByteDance, Kevin O'Leary, O'Leary Organizations: U.S . House, O'Leary, TikTok Locations: TikTok, Culver City , California, America, China

☆ Biden administration to forgive $5.8 billion in student debt for nearly 78,000 borrowers
▼ + stars: | 2024-03-21 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

US President Joe Biden speaks during an event to announce that his Administration has approved $1.2 billion in student debt cancellation for almost 153,000 borrowers at the Julian Dixon Library in Culver City, California, on February 21, 2024. The Biden administration announced Thursday it would forgive $5.8 billion in student debt for 77,700 borrowers through the Public Service Loan Forgiveness program. The Biden administration has so far cleared the education debts of nearly 4 million people, totaling $143.6 billion in relief. The Biden administration has worked to fix those issues. Before Biden's fixes to PSLF, just around 7,000 borrowers had received debt relief through the over 15-year-old program, according to the administration.

Persons: Joe Biden, Julian Dixon, Biden, Education Miguel Cardona, George W, Bush Organizations: Julian Dixon Library, Public, U.S . Department of Education, Education, Finance, Social, Security, Consumer Financial, Bureau Locations: Culver City , California

☆ TikTok: Is it really Chinese?
▼ + stars: | 2024-03-18 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Is TikTok Chinese? In March 2023, CEO Chew was repeatedly pressed by US lawmakers on whether TikTok was Chinese. According to TikTok’s own website, its subsidiaries around the world are all structured under Bytedance Ltd.Is ByteDance Chinese? At last year’s congressional hearing, Chew didn’t directly answer any questions about whether ByteDance is a Chinese company either. That means the Chinese government now owns 1% of Beijing Douyin Information Service, which is the domestic Chinese unit of Bytedance.

Persons: TikTok, Shou Chew, Trump, Chew, Jose Luis Magana, Musical.ly, TikTok’s, ByteDance, Zhang Yiming, Liang Rubo, Zhang, Liang, Jinri, Chew didn’t, Shannon Stapleton, Zhang Fuping, Xi Jinping, Wu Shugang, Shu Yuting Organizations: Hong Kong CNN, TikTok LLC, TikTok Ltd, ByteDance Ltd, Bytedance Ltd, Tianjin’s Nankai University, ByteDance, Carlyle Group, General Atlantic, Susquehanna International Group, Reuters, Communist, Cyberspace Administration, Beijing Douyin Information Service, Chinese Communist Party, National Intelligence Law, Commerce Ministry Locations: China, Hong Kong, United States, Beijing, California, Los Angles, Singapore, Delaware, Culver City , California, Cayman Islands, Shanghai, Chinese, TikTok

☆ White House targets 'junk fees' on student loans and other higher education costs
▼ + stars: | 2024-03-15 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

The White House is talking up its actions to reduce the expenses burdening students, including moving to end origination fees on student loans. While most private lenders have done away with student loan origination fees, the federal government still charges them. Federal student loan borrowers can face expenses of 1% to 4% of their total borrowing amount. The White House said on Friday it considers these "junk fees," which it defined as "hidden costs or surprise fees that companies and institutions include on customer or student bills, increasing their costs." "By eliminating origination fees on federal student loans, borrowers should be able to borrow less to cover their costs," said Betsy Mayotte, president of The Institute of Student Loan Advisors, a nonprofit.

Persons: Joe Biden, Culver City Julian, Biden, Joe Biden's, Betsy Mayotte, Mark Kantrowitz Organizations: Culver City, Culver City Julian Dixon Library, Federal, Consumer, The, Student Loan Advisors, Finance Locations: Culver City , CA, California

☆ After student loan forgiveness, the Education Dept. is sending some borrowers refunds. What to know
▼ + stars: | 2024-02-22 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

So far, almost 3.9 million borrowers have gotten their education debt erased, totaling $138 billion in relief . Under the U.S. Department of Education's income-driven repayment plans, student loan borrowers are entitled to get any of their remaining debt forgiven after 20 or 25 years. The companies earn a fee per borrower per month, which advocates say discourages transparency around loan forgiveness opportunities. "Loan servicers were not tracking the number of qualifying payments, and the automatic forgiveness was not occurring," Kantrowitz said. Scott Buchanan, executive director of the Student Loan Servicing Alliance, a trade group for federal student loan servicers, denied that the companies benefit by veering from the government's orders.

Persons: Joe Biden, Culver City Julian, Mark Kantrowitz, servicers, Nadine Chabrier, Kantrowitz, he'd, Scott Buchanan, Buchanan, Biden, who've, Persis Yu Organizations: Culver City, Culver City Julian Dixon Library, Education Department, U.S . Department of Education, U.S . Department, Center for, Lending, The Education, Finance, IRS, Student Loan, Alliance, Student, Protection Locations: Culver City , California, U.S

☆ Nearly 153,000 people will be notified that their student loan debt is canceled
▼ + stars: | 2024-02-21 | by ( Katie Lobosco | ) edition.cnn.com time to read: +8 min

Washington CNN —Nearly 153,000 student loan borrowers currently enrolled in a new repayment plan launched by the Biden administration are expected to get an email Wednesday notifying them that their remaining federal student loan debt will be canceled, totaling about $1.2 billion. Biden’s plans to provide student debt relief were dealt a significant blow when the Supreme Court rejected his signature student loan forgiveness program last year. Nearly $138 billion of federal student loan debt has been canceled for almost 3.9 million borrowers since Biden took office. Most of the federal student loan debt cancellations that have taken place under Biden have come through programs that existed before he took office. The PSLF program cancels outstanding federal student loan debt for public-sector workers who have made 120 qualifying monthly student loan payments, or about 10 years’ worth of payments.

Persons: Biden, Joe Biden, Biden’s, “, ” Biden, he’s, Trump, Betsy DeVos, CNN’s Nikki Carvajal, Kevin Liptak Organizations: Washington CNN, Republican, Department of Education, SAVE, of Education, Office, PSLF, Corinthian Colleges, Social Security Administration, Department of Veterans Affairs, Department, Education, Social Security Locations: Culver City , California

"I'm thinking about marketing myself as a TikTok Shop creator," Jayy told BI in July. Outside its in-house team, TikTok also deputizes official third-party TikTok Shop agency partners to work with creators and merchants on e-commerce strategies. And the company offers advice to all affiliate creators on its website via its TikTok Shop Academy. Someone who is not popular or famous going on TikTok Shop and offering products, or someone who is very popular and famous now getting products?" "I think the shortest path to more volume through TikTok Shop is really that second group."

Persons: D'Amelio, TikTok, Remy Beaumont, it's, Joy Mangano, Beaumont, playbook, Rick Watson, Sharon Jayy, Jayy, Watson Organizations: Business, Shop, Z Media, intel, Training, RMW Commerce Consulting, TikTok Shop, Shop Academy Locations: London, China, Douyin, TikTok's Culver

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