DIRS.INFO The most relevant business & tech news

☆ Meta's Q2 revenue guidance and implied deceleration will be key, says Goldman's Eric Sheridan
▼ + stars: | 2024-04-24 | 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 EmailMeta's Q2 revenue guidance and implied deceleration will be key, says Goldman's Eric SheridanGoldman Sachs' Eric Sheridan joins 'Money Movers' to discuss what the overriding dynamic will be from Meta's quarterly earnings results, how Meta could further benefit from TikTok's forced sale, and more.

Persons: Goldman's Eric Sheridan Goldman Sachs, Eric Sheridan

☆ 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

☆ New data reveals the top ways influencers get brand deals, how long they last, and how many are needed to make a living
▼ + stars: | 2024-04-24 | by ( Marta Biino | Sydney Bradley | ) www.businessinsider.com time to read: +4 min

Read previewInfluencers secure brand deals in many ways — some go right to the DMs of brands or even use Slack, while others rely heavily on talent managers or agents. AdvertisementNearly 55% of respondents listed social-media marketplaces as one of the three primary sources they use to secure brand deals. The data, however, does not account for the types of brand deals creators would require. For instance, some brand deals could be multi-channel sponsorships, while others could be affiliate links — which can vary in pay. Most creators said their partnerships with brands last a monthAbout 31% of creators reported that their brand deals typically last one month.

Persons: —, Qianna Smith Bruneteau, We're, Smith Bruneteau, that's Organizations: Service, American Influencer Council, Business, AIC, influencer, LinkedIn

☆ How one 'Squad' member avoided an avalanche of pro-Israel money
▼ + stars: | 2024-04-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

When Summer Lee ran for Congress in 2022, she had to battle a wave of pro-Israel spending. AdvertisementGoing into this year, Rep. Summer Lee seemed likely to be a top target for pro-Israel groups. Both AIPAC and another key pro-Israel group, Democratic Majority for Israel (DMFI), opted to stay out of the primary. Pro-Israel groups spent money against Lee not just in the primary, but in the general election as well. Meanwhile, progressive groups supporting Lee spent nearly $710,000, and on Sunday, Ocasio-Cortez came to Pittsburgh to rally with Lee.

Persons: Summer Lee, Lee, —, Bhavini Patel, Mark Mellman, Sen, Bernie Sanders's, Alexandria Ocasio, Cortez —, That's, o6e7abRSr2 —, Patel, Jeff Yass, Cortez, Lee —, Joe Biden —, Biden, who've Organizations: Service, Democratic, American Israel Public Affairs Committee, Israel, Washington Post, Rep, AIPAC, Pennsylvania, House, Democratic Socialists of America, o6e7abRSr2 — AIPAC, Democratic Party, GOP, Law Locations: Israel, Pittsburgh, Alexandria, Squirrel Hill, Gaza, Emboldening

☆ 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

☆ These 18 senators voted against Ukraine and Israel aid
▼ + stars: | 2024-04-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

The Senate passed a bill to provide aid to Ukraine, Israel, and Taiwan — and force a sale of TikTok. Republicans opposed the Ukraine aid, while some Democrats took issue with Israel aid. Republicans generally voted against the package because of their long-standing opposition to Ukraine aid, while Democrats opposed the bill over the lack of conditions on Israel aid. AdvertisementThat included a vote on a nearly $61 billion Ukraine aid bill, a more than $26 billion Israel aid bill, Taiwan aid, and a bill that combined an amended version of a previously approved TikTok bill that was combined with a bill allowing the US to seize Russian assets to pay for Ukraine aid. Related stories37 House Democrats voted against Israel aid, while 112 House Republicans voted against Ukraine aid.

Persons: —, Joe Biden's, Mike Johnson, Donald Trump, Sen, Lindsey Graham of, Bernie Sanders, Vermont Jeff Merkley, Oregon Peter Welch of Organizations: Service, Republicans, Ukraine, Democratic, Republican Locations: Ukraine, Israel, Taiwan, Lindsey Graham of South Carolina, Vermont, Oregon, Oregon Peter Welch of Vermont

☆ TikTok's CEO is feeling the pressure and users are freaking out
▼ + stars: | 2024-04-24 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

TikTok's CEO is calling its users to action to support the app against US lawmakers seeking a ban. President Biden signed a bill that forces TikTok to be sold to an American company or face a ban. Users are freaking out over potentially losing access to their favorite app. AdvertisementTikTok CEO Shou Chew has issued a rallying cry to users that the company plans to fight a possible US ban. "Make no mistake, this is a ban," Chew said in the video.

Persons: Biden, TikTok, —, Shou Chew, Joe Biden, Chew Organizations: Service, US, Joe Biden Wednesday Locations: American

☆ 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 influencers fear their careers will be destroyed and their work 'deleted forever' as a US ban looms
▼ + stars: | 2024-04-23 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +9 min

Chinese-owned ByteDance will be forced to sell TikTok to a US company or face a nationwide ban. AdvertisementThose who want the app banned argue that TikTok may be forced into giving over user data to the Chinese government. A ban would be "devastating" for her, she said, because years of her work would be "deleted forever." AdvertisementA TikTok spokesperson told BI in March that the legislation has a "predetermined outcome," which is a total ban of TikTok in the US. Editor's note, April 23, 2024: This article has been updated to reflect the House of Representatives vote, which passed a bill to ban TikTok in the US.

Persons: —, TikTok, Leo LonDini, LonDini, Brett Jansen Organizations: Service, Google, Epic Games, Universal Group, Warner Music Group, Spotify, Tesla Locations: China

☆ Congress just passed a potential TikTok ban. Here’s what happens next
▼ + stars: | 2024-04-23 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

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's time in the US could soon be on the clock, and that's not the app's only problem
▼ + stars: | 2024-04-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

The big storyTick-tock on TikTokChelsea Jia Feng/BITikTok's time in the US could soon be on the clock. When it's all said and done, a TikTok ban could be in place before the week's end. Business Insider's Peter Kafka explains why the TikTok ban, while more imminent than ever, still has a long way to go . A TikTok ban would benefit one familiar face in social media, though, writes BI's Katie Notopoulos . YouTube Shorts, too, stand to grab more attention after a TikTok ban.

Persons: —, Caitlin Clark's, Chelsea Jia Feng, ByteDance, Joe Biden, it's, Business Insider's Peter Kafka, Michael Beckerman, TikTok, hawking, BI's Lindsay Dodgson, outperforming, Katie Notopoulos, Merrill Lynch, Tyler Le, Andy Sieg's, Merrill, Lindsay Hans, Eric Schimpf, It's, Steve Cohen's, Grzegorz Wajda, Hokyoung Kim, Nordstrom, Tesla, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Nike, Bloomberg Intelligence, YouTube, Big Tech, New York Stock Exchange, NYSE, Chelsea, Getty, Walmart, BI, Costco, Amazon, Motors, Spotify Locations: Americas, TikTok, Merrill, China, American, New York, London

☆ Ozempic influencers are angry after TikTok's crackdown on weight loss content
▼ + stars: | 2024-04-22 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

The video platform is cracking down on weight loss-related content in a new set of guidelines. The changes will restrict or outright ban certain types of weight loss videos. AdvertisementTikTok is phasing out weight loss content, and thousands of creators will have to find a new niche to post about. The new guidelines, which will go into effect on May 17, prohibit content centered on "extreme" diets, the misuse of medications for weight loss, and more. Creators who post about restrictive diets, "using medication or supplements for weight loss or muscle gain," or promoting weight loss products will find the content restricted to users 18 years and older, according to the guidelines.

Persons: — Organizations: Service, Business

☆ A TikTok ban would be a win for Mark Zuckerberg
▼ + stars: | 2024-04-22 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

Meta CEO Mark Zuckerberg will very likely end up the ultimate winner in the most recent push to force a sale or ban of Chinese-owned TikTok. The House passed a TikTok "ban" or forced sale as part of a bill on military aid for Ukraine and Israel. A year ago, BI's Grace Kay wrote that TikTok legislation would be like "an early Christmas present" for Zuckerberg. Instagram had more growth and downloads last year than TikTok, and after Instagram faced an existential crisis, it's having a surprising comeback.) If ByteDance ends up selling TikTok to a US company, it's hard to imagine it will be a smooth transition.

Persons: —, Zuck —, Mark Zuckerberg, Joe Biden, it'll, Zuckerberg's Meta, BI's Grace Kay, Zuckerberg, Instagram, Adam Mosseri, TikTok, there's, ByteDance, Steven Mnuchin Organizations: Service, Business, Zuckerberg's, Meta, YouTube, Big Tech Locations: Ukraine, Israel

☆ Oracle met with Senate aides about TikTok data storage after House ban passed
▼ + stars: | 2024-04-22 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

The House legislation would require TikTok's China-based parent company ByteDance to divest the social media app, or face an eventual ban in the United States. Glueck said Oracle did not lobby for or against the TikTok bill, and only disclosed the meetings on mandatory filings in order to be transparent. "In a TikTok ban or shut-down scenario, Oracle would lose what is likely its largest OCI [Oracle Cloud Infrastructure] customer. Though the initial House bill briefly stalled in the Senate, a similar piece of legislation passed the House on Saturday and already has key support in the Senate. The services included providing congressional offices "technical assistance" in regards to the TikTok legislation, according to the disclosures.

Persons: Ken Glueck, Oracle, Glueck, Sen, Maria Cantwell, Mark Warner, Both Cantwell, Warner, Joe Biden, TikTok Organizations: Oracle, CNBC, Fierce Government Relations, Polaris Government Relations, Senate, Intelligence Committee, Oracle Cloud Infrastructure, UBS, TikTok, Intelligence, Records, Polaris, Internal Revenue Service Locations: Washington, United States, China

☆ A major headwind for TikTok could be the ultimate tailwind for Meta's Facebook and Instagram
▼ + stars: | 2024-04-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

META mountain 2022-11-03 Meta's stock performance since Nov. 3, 2022, which marked its lowest close during its dramatic sell-off that year. In a recent Wedbush consumer survey, 60% of TikTok users who responded said either Facebook or Instagram were their top alternatives if TikTok were to be banned. That was followed by 19% of TikTok users who said they would go to YouTube. Meanwhile, Deutsche Bank said Meta's stock could see more upside in light of a potential TikTok ban. After initially being a drag on revenue, Meta has said Reels is now a positive contributor across its apps.

Persons: Jim, Joe Biden, ByteDance, Shou Zi Chew, TikTok, –, FactSet, monetization, Philipp Schindler, We'll, Jim Cramer's, Jim Cramer, Avishek Das Organizations: Facebook, Chinese Communist Party, CNBC, Street, Meta, YouTube, Google, Wedbush Securities, Deutsche Bank, Getty Locations: U.S, Washington, Ukraine, Israel, Taiwan, China

☆ Read the full memo TikTok sent to staff as Congress stepped up its ban threat: 'This is the beginning, not the end'
▼ + stars: | 2024-04-22 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

"We'll continue to fight, as this legislation is a clear violation of the First Amendment rights of the 170 million Americans on TikTok." This divest-or-ban bill is the culmination of years of political attacks on TikTok. Trump, Biden, Congress, and even the state of Montana have unsuccessfully pushed to divest or ban TikTok from its China-based owner ByteDance. Latest UpdateToday (Saturday, April 20), the bill has passed the House and is expected to pass the Senate by early next week. Are you a TikTok or ByteDance employee with insight to share?

Persons: Michael Beckerman, Beckerman, We'll, TikTok, Trump, ByteDance, Biden, Dan Whateley Organizations: Business, TikTok, Chinese Communist Party, Biden, Congress, Foreign, Republican, Wednesday's Global Locations: Washington, Americas, China, Montana, Ukraine, Israel, Taiwan, dwhateley@businessinsider.com

☆ Is the US really close to banning TikTok? Yes? And, also: No.
▼ + stars: | 2024-04-22 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

A bill aimed at banning TikTok in the US could be signed into law as early as this week. AdvertisementThe US House of Representatives passed a so-called TikTok ban bill on Saturday. Combining all three things means the TikTok bill will likely be approved as part of the package deal. AdvertisementSo you're saying ByteDance really has a year to sell TikTok to a different owner? For reference: In May 2023, Montana lawmakers passed their own TikTok ban bill; in November of that year, a federal judge blocked the measure.

Persons: —, Will TikTok, Joe Biden, TikTok, Biden, there's, ByteDance, Steve Mnuchin, Trump, Mnuchin, doesn't Organizations: Service, US, Google, Apple Locations: TikTok's China, TikTok, Ukraine, Israel, Montana, China

☆ House votes to ban TikTok in US unless Chinese owner ByteDance sells to American company
▼ + stars: | 2024-04-20 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

The House voted in favor of a bill that could result in an American ban on TikTok. The bill would force TikTok owner ByteDance to sell to an American company or face a ban. AdvertisementThe House advanced legislation on Saturday that could lead to a TikTok ban in the United States. The bill forces TikTok's Chinese owner, ByteDance, to secure American ownership in about a year or face a domestic ban. Earlier versions of the legislation gave ByteDance just six months to find a new owner.

Persons: ByteDance, it's, —, Mike Johnson Organizations: Senate, Service, Business Locations: American, United States, Taiwain, Israel, Ukraine

☆ By 2054, there will be 422,000 Americans over age 100. That poses a financial challenge
▼ + stars: | 2024-04-19 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

By 2054, there will be an estimated 422,000 Americans age 100 and older — more than four times the 101,000 in 2024, according to a Pew Research Center analysis of U.S. Census Bureau data. What's more, the centenarian population has nearly tripled in the last three decades alone, according to Pew. Among the best ways to hedge against outliving one's savings is by working longer, according to retirement experts. That may be more necessary as employers have offloaded responsibility for retirement savings onto workers' shoulders, by shifting from pensions to 401(k)-type retirement plans. "People need to be prepared to work longer," he said.

Persons: Artur Debat, Pew . Irving Piken, Piken, Mark Rightmire, John Scott, Barry Glassman, Glassman, Pew's Scott, Scott Organizations: Pew Research, Census, Pew ., Woods Community, MediaNews, Orange, Getty, Finance, Wealth Services, Reference, Workers, Social Security, Security Locations: U.S, California

☆ Apple pulls Meta's WhatsApp, Threads from China App Store
▼ + stars: | 2024-04-19 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Apple on Friday said it pulled several messaging apps like Meta 's WhatsApp and Threads from the App Store in China after the nation's government ordered the removal, citing security concerns. In recent days, Congress has been looking to fast-track legislation to push TikTok's Chinese parent company, ByteDance, to divest the social media app. "We are obligated to follow the laws in the countries where we operate, even when we disagree," Apple said in a statement. "The Cyberspace Administration of China ordered the removal of these apps from the China storefront based on their national security concerns." Other messaging platforms like Signal and Telegram were also removed from China's App Store.

Persons: Tim Cook, Joe Biden, Apple Organizations: Apple, Economic Cooperation, APEC, U.S, Administration of China Locations: Asia, San Francisco , California, China

☆ TikTok doubles ad buy to fight potential U.S. ban as Congress moves to fast-track legislation
▼ + stars: | 2024-04-18 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

TikTok more than doubled its ad spend to over $4.5 million in a campaign to combat a potential U.S. ban as Congress looks to fast-track legislation to push parent company ByteDance to divest the social media app. TikTok has spent over $2.5 million on television ads alone since March, according to data from AdImpact. The popular social media company has spent almost $900,000 on digital advertisements, according to the data. The data from AdImpact in late March showed TikTok initially purchased $2.1 million in advertising. TikTok's boosted ad spend could act as a last stand as the new bill appears to have key support in the Senate.

Persons: Giovanna Gonzalez, TikTok, Joe Biden Organizations: U.S, Capitol, Foreign Locations: Chicago, Washington , U.S, AdImpact, Ukraine, Israel, TikTok

☆ TikTok Shop is second only to Amazon in a key measure of customer loyalty
▼ + stars: | 2024-04-17 | by ( Madeline Stone | Dan Whateley | ) www.businessinsider.com time to read: +3 min

Earnest, which tracks credit-and-debit-card transactions, found that around 27% of TikTok shoppers came back to make another purchase after five months of their first buy. On this measure, TikTok Shop outperformed other e-commerce platforms, including Temu, Shein, and Etsy, as well as fellow social-commerce channels Whatnot, Flip, and Instagram Checkout. Amazon was the only e-commerce platform that beat TikTok Shop in Earnest's dataset, which looked at customer-retention data between January 2022 and February 2024. "The second I bought my first TikTok Shop product, which was probably a year and a half ago, from that moment on, I started to get more TikTok Shop content." TikTok Shop seems to have become a place for impulse purchases, as well.

Persons: Michael Maloof, Temu, TikTok, Maloof, —, they've, Nicole Rechtszaid Organizations: Walmart, Business, Facebook, Ghost Agency

☆ China just proved why Congress wants to ban TikTok
▼ + stars: | 2024-04-17 | by ( Madison Hall | ) www.businessinsider.com time to read: +1 min

A bill to force ByteDance to divest from TikTok is making its way through Congress. Legislators are concerned about ByteDance's ties to China given how much user data Tiktok collects. The Chinese Embassy reportedly lobbied against the bill. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina proved the point of the TikTok ban bill through Congress after officials from the Chinese Embassy reportedly lobbied against it recently.

Persons: ByteDance, — Organizations: Embassy, Service, Politico, Business Locations: TikTok, China

☆ TikTok Shop is better at keeping customers than Temu and Shein
▼ + stars: | 2024-04-16 | by ( Madeline Stone | Dan Whateley | ) www.businessinsider.com time to read: +3 min

TikTok seems to be doing a good job of getting customers to make multiple purchases on its new shopping platform, Shop, according to data from Earnest Analytics. Earnest, which tracks credit-and-debit-card transactions, found that around 27% of TikTok shoppers came back to make another purchase after five months of their first buy. On this measure, TikTok Shop outperformed other e-commerce platforms, including Temu, Shein, and Etsy, as well as fellow social-commerce channels Whatnot, Flip, and Instagram Checkout. Amazon was the only e-commerce platform that beat TikTok Shop in Earnest's dataset, which looked at customer-retention data between January 2022 and February 2024. "The second I bought my first TikTok Shop product, which was probably a year and a half ago, from that moment on, I started to get more TikTok Shop content."

Persons: Michael Maloof, Temu, TikTok, Maloof, —, they've, Nicole Rechtszaid Organizations: Walmart, Business, Facebook, Ghost Agency

☆ TikTok partners with another concert ticker seller to give users even more live show options
▼ + stars: | 2024-04-16 | by ( Hannah Getahun | Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

TikTok announced a partnership with AXS to sell concert tickets. A new feature in the app allows users and artists to promote tickets to live events. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementYou can now buy concert tickets for your favorite artists on TikTok through AXS.

Persons: TikTok, AXS, — Organizations: Ticketmaster, Service, Business Locations: AXS, UK, Sweden, Australia

Search resuls for: "TikTok's"

25 mentions found