Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "US App Stores"


25 mentions found


After the January deadline, US app stores and internet services could face hefty fines for hosting TikTok if it is not sold. TikTok wants Supreme Court to freeze lawCongress passed the ban with bipartisan support earlier this year and President Joe Biden signed it into law in April. If the Supreme Court does not intervene, the ban would take effect a day before Trump takes office. Attorneys for TikTok are asking the Supreme Court to temporarily block the ban to give the company time to ask the justices to review their challenge to it. But First Amendment protections are not absolute, and the DC Circuit unanimously upheld the law on national security grounds.
Persons: Donald Trump, TikTok, Shou Chew, Chew, Trump, ” Trump, Kamala Harris, ByteDance, Joe Biden, , Elena Kagan, Organizations: CNN, Lago, Monday, Trump, Congress, DC, DC Circuit Locations: United States, Trump’s Florida, Washington
CNN —TikTok has plans for another appeal as it faces a ban on January 19. The latest ruling follows last week’s decision by the same appeals court to uphold the law, citing national security concerns. The Supreme Court could make a quick decision on the case. “I have trouble thinking that the conservative force on the Supreme Court would not see this as a (national) security case,” Schiller said. He said in July (in a video posted to the app) that he would “never ban TikTok” — although he did try to ban it during his first term.
Persons: CNN — TikTok, Joe Biden, Biden, , Michael Hughes, Josh Schiller, Boies Schiller Flexner, , ” Schiller, Gautam Hans, TikTok, ByteDance, hasn’t, Donald Trump, Alan Rozenshtein Organizations: CNN, DC Circuit, Amendment Clinic, Cornell Law School, Justice, Apple, Google, Department, Trump, University of Minnesota Locations: Beijing, China, United States
Billionaire businessman Frank McCourt has made a $20 billion bid to buy TikTok without its algorithm. He told Business Insider the path toward a sale is murky since ByteDance isn't entertaining talks. Frank McCourt, the billionaire businessman who wants to buy TikTok, told Business Insider that, despite a Friday court ruling allowing the TikTok ban's looming January 19 deadline to proceed if the company isn't sold, the path to a sale remains unclear because "we don't know what ByteDance is selling." AdvertisementHowever, he said, "It's very, very difficult to have precision" regarding the specifics of a potential sale because "let's be clear, we don't know what ByteDance is selling." ByteDance, TikTok's China-based parent company, has so far refused to entertain talks over a potential sale, McCourt said.
Persons: Frank McCourt, TikTok, isn't, McCourt, Steven Mnuchin, Bobby Kotick, who've, ByteDance, they're, Ellis, Jack Dorsey, Chelsea Manning, Elon Musk's, he's Organizations: Activision, Project Liberty, Chinese Communist Party, Reuters, Appeals, District of Columbia, Business, Guggenheim Securities, Kirkland, Twitter, Army, Meta Locations: TikTok's China
"We're already preparing to diversify by focusing heavily on Instagram, YouTube, and even LinkedIn for short-form video content," Struck added. I think for content creators that make short-form content, they will be less affected." Sam Saideman'We are acting as if it may actually be gone in January'Jones said she's gotten "a lot of calls of concerns and worry" about a potential TikTok ban. Many creators and managers are putting together post-TikTok plans, even if they think there's a chance it could stick around. "Ever since the first threat of a TikTok ban, I decided I'm not going to rely on just this," Arujo said.
Persons: ByteDance, Estella, We're, Jasmine Enberg, Barbara Jones, Jones, Sam Saideman, she's, Innovo, doesn't, Saideman, Joseph Arujo, it'll, Arujo, Justine, TikTok, isn't, Lauren Schiller, Enberg, Megan, Angela Ruis, Instagram, Nya, Gabriella, Snapchat, I'm, Axel Springer Organizations: YouTube, Viviene, Outshine, TikTok, Digital Brand Architects, Business Locations: Viviene New York, New York
CNN —A federal appeals court on Friday declined to temporarily block a ban on TikTok, teeing up a showdown at the Supreme Court over whether the law should take effect while the social media platform’s challenge to it plays out. Last week, the DC Circuit Court of Appeals unanimously upheld the law, clearing the way for it to take effect on January 19. Days later, TikTok asked the court to issue a temporary pause on the ban while the company asks the Supreme Court to review its challenge to the law. The appeals court unanimously rejected that bid in a brief, unsigned order that called such a block “unwarranted.”The law requires the platform to be sold to a new, non-Chinese owner or be banned in the United States. The company has indicated in court filings that if the appeals court declined to grant interim relief, it would ask the Supreme Court to step in on an emergency basis to block the law for now.
Persons: TikTok, , Biden Organizations: CNN, Supreme, DC Locations: United States
New York CNN —TikTok has lost its bid to strike down a law that could result in the platform being banned in the United States. A US appeals court upheld the law in a ruling Friday. After the deadline, US app stores and internet services could face hefty fines for hosting TikTok if it is not sold. TikTok sued to block the law in May, arguing that it infringed on the free speech of its more than 170 million American users, and unfairly singled out the platform. The court consolidated that lawsuit with claims from a group of individual TikTok creators.
Persons: New York CNN — TikTok, TikTok, Biden, Joe Biden, , ” TikTok Organizations: New, New York CNN, Capitol, Appeals, District of Columbia, People’s Locations: New York, United States, People’s Republic, China
AdvertisementTikTok recently hosted an invite-only creator summit in LA where it shared tips and best practices. Instead, the platform is running business as usual for creators, and sharing tips and advice on how to make better content. Related Video TikTok could be banned in US after House voteThe conference's presentations left out any mention of the divest-or-ban bill, which could see TikTok removed from US app stores as early as January 19. TikTok also said that, in general, "high-quality content" is a key to getting more views and making more money from the platform. AdvertisementSamuels shared in a presentation 10 tips for creating better content and mastering storytelling:
Persons: TikTok, Norissa Samuels, Samuels, zeroed Organizations: Employees Locations: LA, Los Angeles
The US government is on track to force the app out on January 19, the day before Donald Trump takes office. There's a possibility that President Joe Biden could extend that deadline by 90 days, but he hasn't said he will. AdvertisementBut will a TikTok ban actually happen? While there is bipartisan support in Congress for a TikTok ban, support for a ban is fading among the American public. Some members of Congress have raised concerns that TikTok could be used as a CCP propaganda tool.
Persons: Donald Trump, Joe Biden, hasn't, Read, Amanda Perelli, TikTok, Matthew Schettenhelm, Trump, I'm, G.S, Hans, Nathan Posner, Getty Images Trump, ByteDance, John Moolenaar, Shou Chew, Chip Somodevilla Organizations: Business, Appeals, District of Columbia Circuit, DC, Bloomberg Intelligence, DC Circuit, Pew Research, Trump, Department, Congress, Cornell Law School, Washington DC, Anadolu Agency, Getty Images, Rep, Chinese Communist Party, CCP, Foreign Locations: TikTok, Los Angeles, Washington, United States, China, US
AdvertisementTikTok hosted a Los Angeles creator summit focused on long-form content and monetization. The event emphasized high-quality content but notably left out the looming US ban. The company's creator summit in Los Angeles focused on horizontal long-form video, platform monetization, and the power of fandoms. Amanda Perelli/Business InsiderTips TikTok shared with creatorsIn a keynote presentation, Samuels said TikTok was looking for creators who could master storytelling. AdvertisementHigher-quality content also performs better on TikTok's horizontal video tool, TikTok said at the event.
Persons: TikTok, TikTok execs, , I'm, Kim Farrell, TikTok's, Farrell, Melissa Tecson, Norissa Samuels, Tecson, Linqia, Amanda Perelli, Samuels Organizations: YouTube Locations: Angeles, Los Angeles, North America
AdvertisementTriller hired former TikTok product head Sean Kim to run its video app and a few other subsidiaries. Former T-Mobile marketing exec Kevin McGurn will no longer join as CEO of all of Triller Group. Triller, a media and marketing company that once positioned itself as a competitor to TikTok, announced it's hiring former TikTok product head Sean Kim to serve as CEO of its video app. Starting on December 2, he will oversee the Triller app, a short-video platform that functions similarly to TikTok, Instagram reels, and YouTube shorts. The Triller Group CEO title was meant to go to former T-Mobile marketing executive Kevin McGurn, as announced by the company in October.
Persons: Triller, Sean Kim, Kevin McGurn, TikTok, Kim, Julius, McGurn, it's, Donald Trump Organizations: Mobile, Triller, Holding, Triller Group, AGBA, Sony Music, Universal Music Group, SEC, Congress, YouTube Locations: Hong Kong, Triller
669 of the 1,089 approved US H-1B hires for TikTok and ByteDance in that fiscal year were from China. The hiring occurred as US officials raised concerns about TikTok's ties to China. Only 12% of all approved fiscal year 2023 H-1B applications were for Chinese nationals, compared to 61% of TikTok and ByteDance's approved applications. AdvertisementEven as TikTok has taken steps to downplay its association with China, its owner, ByteDance, continues to operate in the US. The company has also used TikTok's Chinese sister app, Douyin, as a testing ground for features that ultimately end up on TikTok.
Persons: , ByteDance, US Sen, Tom Cotton, Cotton, Alejandro Mayorkas, ByteDance's, China TikTok, TikTok, Trump Organizations: TikTok, Service, Companies, Citizenship, Immigration Services, Business, US Data Security, Chinese Communist Party, US, Homeland, India, National Intelligence Locations: China, Beijing, ByteDance, California, Taiwan, Canada, Vietnam
New York CNN —A new Utah lawsuit accuses TikTok of enabling the sexual exploitation of children through its livestreaming feature. TikTok live allows users to post live videos to the platform, where they can interact with viewers and respond to comments in real time. It also claims that TikTok has insufficient age verification and enforcement measures to ensure the app is being used safely. TikTok has repeatedly pushed back on claims that it is harmful to children’s wellbeing, saying it supports young users with various tools such as automatic time limits. The new Utah lawsuit, which is heavily redacted, claims TikTok has been aware of the misuse of its live feature but has failed to take adequate steps to address the issue.
Persons: TikTok, ” —, Sean Reyes, Michael Hughes, Joe Biden, Organizations: New, New York CNN, Utah Locations: New York, Utah, Arkansas, New York City, TikTok, United States, livestream
Read previewReal estate mogul Frank McCourt is the latest person to raise his hand to try to acquire TikTok's US business. Related stories"We thought this was a really fantastic opportunity to accelerate the creation of an alternative internet," McCourt told the Associated Press. McCourt wants to change TikTok's basic business to an open-source model that allows users and creators more control over their data. McCourt told the New York Times that he doesn't want the algorithm. "We doubt very much that China would sell TikTok with the algorithm," McCourt told the Times.
Persons: , Frank McCourt, McCourt, Kirkland, Ellis, TikTok, Forbes, Tim Berners, Lee, TikTok . McCourt, Eric Schmidt, Steven Mnuchin, he's Organizations: Service, Guggenheim Securities, Business, Associated Press, Liberty, Los Angeles Dodgers, Big Tech, New York Times, Times Locations: China
New York CNN —The American dream of homeownership is looking more like a nightmare. With inflation heating up again, the Federal Reserve is in no position to consider lowering interest rates at its upcoming meetings. That’s according to a New York Fed survey gauging consumers’ expectations of the housing market, released Monday. Consumers are gearing up for even bigger increases compared to the expected rise in mortgage rates over the next year, the New York Fed survey found. The issue of rent affordability is particularly pronounced in New York City, where housing costs have always been notoriously high compared to other parts of the country, absent a brief respite during the pandemic.
Persons: That’s, Kenny Lee, Aditya Bhave, Neel Kashkari, Bhave, ” Bhave, , Perdue “, , Read, TikTok, Joe Biden, Brian Fung, Bytedance Organizations: CNN Business, Bell, New York CNN, Federal, New, Fed, Zillow, Bank of America, CNN, Minneapolis, Bloomberg, United States Department of Labor, Seaboard Triumph Foods, Perdue, Labor Department, Seaboard, Labor, Packers Sanitation Services, Appeals, District of Columbia Circuit Locations: New York, New York City, Fayette, DOL, Sioux City , Iowa, Accomac , Virginia, China
YouTube, TikTok, and Meta are fighting for ad spendA TikTok ban could have huge upside for YouTube. While YouTube is eating up more ad dollars, the platform is still behind Meta in terms of total video ad spend in the US, based on projected data from eMarketer. AdvertisementMeanwhile, TikTok has been gaining ground, with eMarketer predicting TikTok will have almost caught up to YouTube in terms of video ad dollars by 2025 in the US (assuming TikTok isn't banned). And like YouTube, the Chinese-owned app is also trying to take ad dollars away from TV networks and video streamers. It's still not clear how many ad dollars are moving to YouTube Shorts, but Google Chief Business Officer Phillip Schindler talked up the service on the company's latest investor call.
Persons: , Joe Biden, YouTube's, Sundar Pichai, Zuckerberg, TikTok, isn't, eMarketer, Meta's, It's, Phillip Schindler Organizations: Service, Google, YouTube, Business, Apple, BI, Pew Research Locations: USA
TikTok sues to block prospective US app ban
  + stars: | 2024-05-07 | by ( Brian Fung | ) edition.cnn.com   time to read: +9 min
If it loses, TikTok could be banned from US app stores unless its Chinese parent company, ByteDance, sells the app to a non-Chinese entity by mid-January 2025. But Virginia Democratic Sen. Mark Warner, an advocate for the TikTok legislation, said in remarks on the Senate floor in April that the briefings provided critical insight into the risk TikTok poses. US policymakers have described the law at issue as a forced divestiture of TikTok, not an outright app ban. Some US officials have been trying to ban TikTok from the United States since 2020, when former President Donald Trump moved to block the app by executive order. (Trump has since reversed his position, saying a TikTok ban would only help Meta, a company Trump blames for his 2020 election defeat.)
Persons: Washington CNN — TikTok, Joe Biden, TikTok, Bytedance, , didn’t, Virginia Democratic Sen, Mark Warner, Warner, they’ve, They’ve, , Tuesday’s, ByteDance, TikTok’s, Berman, Evelyn Douek, Biden, Gautam Hans, Hans said, Jennifer Huddleston, Donald Trump, Trump, Douek, ” Douek Organizations: Washington CNN, Appeals, District of Columbia Circuit, Justice Department, Oracle, Foreign Investment, Republican, Democrat, Virginia Democratic, Senate, Stanford University, Cornell University . Still, Apple, Google, Cato Institute, European Commission, Trump Locations: China, United States, TikTok, Israel, Ukraine, Montana, Canada, United Kingdom, India
Washington CNN —Congress finalized legislation on Tuesday that could lead to a nationwide TikTok ban, escalating a massive threat to the company’s US operations. What does the TikTok legislation do? The earlier TikTok bill had been passed by the House, but it stalled in the Senate. In a procedural move, House Republicans this month attached the revised TikTok bill to the foreign aid package in hopes of forcing the Senate to vote on the TikTok legislation. Bundling the bill with the foreign aid — a top US priority — fast-tracked the TikTok bill and made it more likely to pass.
Persons: Joe Biden’s, Biden, there’s, Will Biden, Jennifer Gay, Mariam Zuhaib, , TikTok, Shou Chew, , Nadine Farid Johnson, ByteDance Organizations: Washington CNN —, Republicans, Senate, White, U.S . Capitol, U.S, TikTok, Columbia University, Locations: Israel, Ukraine, United States, Washington, China
TikTok vows legal challenge to potential US app ban
  + stars: | 2024-04-22 | by ( Brian Fung | ) edition.cnn.com   time to read: +2 min
CNN —TikTok will file a court challenge if Congress passes legislation paving the way to a nationwide ban of the app, a top executive told employees in an internal memo obtained by CNN. He invited employees to an internal town hall scheduled for Wednesday “for additional context.”The memo was earlier reported by The Information. The legislation calls for forcing TikTok’s Chinese parent, ByteDance, to sell the app within 270 days — otherwise it would be illegal for US app stores to offer TikTok for downloads. The legislation also would allow Biden to extend that deadline by another 90 days if he determines there’s been progress toward a sale. Foreshadowing its legal strategy, TikTok has already publicly opposed the bill as an infringement on its users’ First Amendment rights.
Persons: CNN —, TikTok —, Michael Beckerman, Joe Biden, ” Beckerman, Mike Johnson, Biden, , Beckerman, didn’t, there’s, TikTok Organizations: CNN, , Republican, The
Investors are fearful. They shouldn’t be
  + stars: | 2024-04-22 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
The economy has been extraordinarily resilient for the past few years — consistently proving the naysayers wrong, he says. For all of the market gloom last week, stocks are still near all-time highs, and this earnings season has been strong. Investors have been worrying about the Federal Reserve keeping rates higher for longer. I speak with many institutional investors, and I don’t see them folding in fear. Residual lubricant reduced the retention of the pad to the pedal,” the NHTSA wrote in the recall document.
Persons: , Philipp Carlsson, there’s, Carlsson, Szlezak, they’re, I’m, it’s, I’ve, we’re, TikTok, Brian Fung, Joe Biden, Tesla, Chris Isidore, Peter Valdes Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Boston Consulting, ByteDance, NHTSA Locations: New York, Europe, Ukraine, Israel, Washington
By attaching the TikTok bill to funding for Ukrainian military equipment and Israeli missile defense, House Republicans put the pressure on Senate lawmakers to consider the whole package in a single up-or-down vote. Policy analysts expect the Senate to take up the aid package quickly, giving it high odds of passage. And President Joe Biden has previously said he would sign the TikTok legislation if it reaches his desk. And in the days leading up to the House vote on Saturday, Senate Majority Leader Chuck Schumer emphasized the urgency of approving the foreign aid. On Saturday, Schumer said in remarks on the Senate floor that there is a tentative agreement for the chamber to take up the foreign aid package on Tuesday.
Persons: TikTok, Joe Biden, ” TikTok, , Chuck Schumer, Schumer, Paul Gallant, Cowen, Gallant, ” Gallant Organizations: Washington CNN, ByteDance, House Republicans, Cowen Inc Locations: Israel, Ukraine, Washington, U.S
What to know about the TikTok ban bill the House passed
  + stars: | 2024-04-20 | by ( Brian Fung | ) edition.cnn.com   time to read: +6 min
CNN —House lawmakers have once again passed legislation that could lead to a nationwide TikTok ban, renewing a massive threat to the company’s US operations. In March, House lawmakers approved a bill that would give TikTok roughly six months to sell. Another factor that’s shaking things up is how House Republicans inserted the TikTok bill into a much larger foreign aid package. Biden endorsed the prior version of the TikTok bill, which suggests he may quickly sign any foreign aid package that includes similar language targeting TikTok. In addition to complying with the legislation, TikTok could challenge it in court and has made no secret that it might do so.
Persons: TikTok, Joe Biden, there’s, who’ve, Washington Democratic Sen, Maria Cantwell, Paul Gallant, Cowen, Gallant, Joe Biden’s, Biden, , Shou Chew, , Nadine Farid Johnson, ByteDance Organizations: CNN —, White, Washington Democratic, Republicans, House, Senate, Inc, Columbia University, , TikTok Locations: United States, Ukraine, Israel, China
TikTok is in the hot seat once again in Washington
  + stars: | 2024-04-18 | by ( Brian Fung | ) edition.cnn.com   time to read: +4 min
An earlier version of the TikTok bill sailed through the House in March, but it has become bogged down in the Senate. Opponents, including TikTok and a range of civil society groups, have argued the bill risks violating TikTok users’ First Amendment rights. President Joe Biden has said he would sign the House TikTok bill if it reaches his desk. The latest version of the TikTok bill contains some updates. One key senator who was doubtful of the initial House TikTok bill appeared satisfied.
Persons: TikTok, Mike Johnson, Donald Trump, Joe Biden, there’s, , Johnson, , Washington Democratic Sen, Maria Cantwell, I’ve, Cantwell, Cathy McMorris Rodgers Organizations: CNN, Republicans, Senate, House Republicans, Washington Democratic, Oracle, Republican, Washington Rep Locations: Israel, Ukraine, China, India, Texas
New York CNN —YouTube says hundreds of thousands of creators are now earning a paycheck from posting short-form videos on the platform, as it ramps up its race to compete with rivals like TikTok and Instagram. It hasn’t been cheap: the Google-owned platform is shelling out tens of thousands of dollars to some of its top Shorts creators — like beauty influencer Sydney Morgan — every month. YouTube says the fresh data to its ability to incentivize existing creators to try out a new format — and to attract new users. “I make more from just YouTube Shorts (revenue) sharing in a month than I can make on other comparable platforms in a year,” she said. YouTube declined to share data around the total amounts it’s paid to creators for Shorts in the year since it added the feature to the YouTube Partner Program.
Persons: Sydney Morgan —, ” Amjad Hanif, Tara Walpert Levy, Meta, ” Hanif, “ You’re, “ It’s, , “ We’ve, ” Walpert Levy, , , Morgan, YouTubers, ” Morgan, Reddit, aren’t, Destin Sandlin, CNN he’s, ” Sandlin, Sandlin, Hanif, he’s, you’ve Organizations: New, New York CNN, YouTube, Google, Shorts, CNN, Facebook, Kodak, NASA Locations: New York, Instagram, United States
China could retaliate against Apple and Tesla via brand damage campaigns or stifling local ops. AdvertisementA potential TikTok ban in the US could spell trouble for Apple, Tesla, and other American companies operating in China. And on Wednesday, China's foreign ministry warned TikTok ban attempts would "eventually backfire on the US." Deepwater Asset Management managing partner Gene Munster told Business Insider he believes a TikTok ban has a 25% chance of materializing. In a world where there is a TikTok ban, Munster said, "Chinese leadership could expand its anti-iPhone campaign beyond the government."
Persons: TikTok, , Gene, Munster, Dan Ives, Tesla Organizations: Apple, Service, Asset Management, Gene Munster, Business, Wedbush Securities, BI, Wynn Resorts, Las Vegas Sands, Texas Instruments, IPG Photonics, Financial Times, Huawei Locations: China, United States, Las Vegas, Qualcomm, Munster,
Who will buy TikTok from ByteDance?
  + stars: | 2024-03-14 | by ( Allison Morrow | ) edition.cnn.com   time to read: +6 min
At $100 billion, there are few companies that could afford to buy TikTok outright. Citing people familiar with the matter, the Journal wrote that Kotick “floated the idea of partnering to buy TikTok to a table of people that included OpenAI CEO Sam Altman.”CNN couldn’t independently confirm the report. Its one go at the social media scene, the buggy and short-lived Ping, was one of Apple’s biggest flops. And any tech executive or private equity investor thinking of buying TikTok would need to be prepared to enter the social media quagmire. A key question in assessing the value of a TikTok deal is whether China would allow ByteDance to export its algorithm — the secret sauce that keeps TikTok users glued to their phones.
Persons: CNN Business ’, There’s, Joe Biden’s, who’d, Dan Ives, ” Ives, Who’s, , Gene Kimmelman, OpenAi, Bobby Kotick, Activision Blizzard, , Sam Altman, ” CNN couldn’t, Altman didn’t, doesn’t, quagmire, They’d, Mark Zuckerberg, Shou Chew, It’s, Trump, , Brian Fung Organizations: CNN Business, New York CNN, Senate, Microsoft, Department, Google, ” Meta, Facebook, Street Journal, Activision, ” CNN, Kotick, Apple, Oracle, Walmart, Communist Party, ByteDance Locations: New York, United States, Beijing, Europe, China
Total: 25