A former TikTok executive claims that CEO Shou Zi Chew mainly serves as a "conduit" for ByteDance executives who truly make the decisions for the platform.
Tags: TikTok Ban
TikTok Ban Could Suppress Minority Voices, Justice Groups Argue in Court
A coalition of social and racial justice groups argued in a legal brief that a federal ban or forced sale of TikTok would suppress minority voices by disrupting a crucial platform for online connection and advocacy.
Oracle Admits Banning TikTok in the US Could Hurt Its Revenue and Profit
Oracle said a ban on TikTok in the United States might hurt its business. Oracle said a ban on TikTok in the United States might hurt its business, the software company admitted in its annual report on Monday, June 24.
TikTok Accuses Biden Administration of 'Political Demagoguery' Amid Negotiations
TikTok has accused the Biden administration of "political demagoguery" during critical negotiations, as revealed in a letter disclosed on Thursday (June 20).
Billionaire Frank McCourt Launches Bid to Acquire TikTok, Aiming to Forge an Alternative Internet
Billionaire Frank McCourt is organizing a group to acquire TikTok's US businesses, joining a growing list of investors seeking chances under a new legal order to sell the platform's Chinese parent company.
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TikTok influencers, previously strong supporters of President Biden's message. They express uncertainty and disappointment over his backing of a law requiring ByteDance to sell its TikTok stake, fearing its impact on their livelihoods and political outreach efforts.
ByteDance, the parent company of TikTok, has firmly stated that it has no plans to sell the business, despite the recent US law that requires it to do so or face a ban in America.
TikTok CEO Shou Zi Chew is confident that US legislators won't successfully ban TikTok in the country, following a newly approved bill that gives the app 270 days to change ownership or face ban.
TikTok and its China-based parent company, ByteDance, have collectively spent over $7 million to counter its potential US ban.
TikTok users is likely to find that the popular social media platform is either under new ownership or, but not immediately, totally banned in the US.
Former President Donald Trump said Monday that President Joe Biden would be the one responsible if TikTok is banned in the US as he was "pushing" for it.
ByteDance, the parent company of TikTok, saw a massive surge in profits in 2023, surpassing industry giants like Tencent and Alibaba Group, despite the TikTok ban in the US.
Under the Trump administration, former US Treasury Secretary Steven Mnuchin expressed interest in buying TikTok and removing its algorithm within six months.
TikTok is facing another setback after the Federal Trade Commission (FTC) reportedly launched a probe into the social media platform's data and security practices.
