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.
Tags: TikTok
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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.
TikTok Lite, recently introduced in France and Spain, includes a "Task and Reward Lite" program, enabling users to earn points for various in-app activities. However, the EU worries about its potential impact on users' mental health.
TikTok could be banned in the United States after the House of Representatives decisively passed legislation requiring the app's Chinese owner to divest from the company.
The app is currently in the testing phase in Canada and Australia and can be downloaded from both the Google Play Store and Apple App Store.
Snap's stock increased by almost 5% because of the revised TikTok ban bill. Snap's stock soars as U. S. lawmakers push the revised TikTok ban bill.
LinkedIn, in a bid to rival TikTok and Instagram in influencer marketing, has launched "Thought Leader ads," allowing advertisers to promote posts from independent creators.
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.
