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TikTok's Future Hangs In Balance As Judges Express Skepticism In US Court Battle
Tuesday, September 17, 2024 - 12:50am | 720ByeDance-owned TikTok, the widely-used social media platform for creating and sharing short-form videos, has encountered a doubtful panel of judges. What Happened: TikTok and a group of creators are contesting a law, often referred to as “the TikTok ban,” in front of a three-judge panel...
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X Gains Ground As Facebook Slips: Musk Closes In On Zuckerberg In Social Media Face-Off
Wednesday, September 11, 2024 - 1:17pm | 637In a plot twist worthy of a bingeworthy drama, the so-called demise of Twitter, now rebranded as X, has been significantly overstated. According to the latest data from SimilarWeb, Elon Musk‘s X isn’t just surviving—it’s thriving. The platform saw a dramatic turnaround in user...
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TikTok Strikes Back Using US Constitution As Shield, Says Other Foreign-Owned American Outlets Don't Lose First-Amendment Rights
Friday, August 16, 2024 - 12:19am | 641ByetDance-owned TikTok has defended itself against the U.S. government’s attempts to enforce a sale or ban of the platform, citing its First Amendment rights. What Happened: TikTok’s legal team has made the First Amendment a central part of their challenge to...
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TikTok Algorithm Boosts Pro-Chinese Communist Party Content, Suppresses Criticism, According To New Study: Company Fires Back, Calls It 'Fiction'
Tuesday, August 13, 2024 - 11:27pm | 676A study by the Network Contagion Research Institute or NCRI in collaboration with Rutgers University suggests that ByteDance-owned social media platform TikTok’s algorithm promotes content favoring the Chinese government. What Happened: Building on the December 2023 finding, the...
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TikTok Is 'Repeat Offender' With Children's Privacy Violations, DOJ Says In Lawsuit
Friday, August 2, 2024 - 3:59pm | 593ByteDance‘s TikTok, one of the most used social media platforms by teens, is the subject of the latest U.S. Department of Justice (DOJ) lawsuit. What Happened: The DOJ and Federal Trade Commission (FTC) filed the lawsuit on Friday in the U.S. District Court for the Central District of...
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TikTok Tracks Views Of US Users On Gun Control, Abortion And Religion, Says Justice Department: 'Collection Of Data From Americans Is Not A Protected Activity'
Sunday, July 28, 2024 - 9:48pm | 704The U.S. Justice Department has leveled accusations against TikTok, alleging that the social media platform has been collecting data on its users’ views on sensitive topics such as gun control, abortion, and religion. What Happened: On Friday, making its most forceful case to date, the...
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TikTok Vs. Reels Vs. Shorts: Analyst Sizes Up Short-Form Video Platforms On Valuation And Monetization
Friday, July 26, 2024 - 2:42pm | 446ByteDance‘s TikTok, Meta Platforms Inc‘s (NASDAQ:META) Instagram Reels and Alphabet Inc‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube Shorts are the three largest short-form video platforms. The META Analyst: Needham analyst Laura Martin reiterated an Underperform rating for Meta in a...
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Kamala Harris Hops On The TikTok Bandwagon: 'Recently I've Been On The 'For You' Page, So I Thought...'
Thursday, July 25, 2024 - 9:49pm | 665Vice President Kamala Harris has launched her own TikTok account, following her announcement to run for the presidency. What Happened: “Well, I've heard that recently I've been on the ‘for you' page, so I thought I would get on here myself,” Harris said in her first post...
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Trump 'For TikTok,' Competition To Mark Zuckerberg: 'If You Don't Have TikTok, You Have Facebook And Instagram'
Wednesday, July 17, 2024 - 5:59pm | 711Former President Donald Trump previously tried to ban TikTok, but had a reversal of opinion on the Chinese-owned app as a potential U.S. ban is nearing. What Happened: In a recent interview, Trump said that big technology companies like Meta Platforms Inc (NASDAQ:META)- owned Facebook and Alphabet...
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Elon Musk's SpaceX Set For Record $210B Valuation In Tender Offer, But Still Valued Less Than TikTok: Report
Thursday, June 27, 2024 - 12:24am | 573Elon Musk‘s SpaceX is reportedly set to value itself at a record $210 billion in a tender offer, exceeding its previous $200 billion estimate. What Happened: SpaceX is planning to sell insider shares at $112 each, a price higher than expected. This move will increase the company’s value...
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TikTok-Parent ByteDance Collaborates With Broadcom To Develop Advanced AI Chip Amid US-China Tensions: Report
Monday, June 24, 2024 - 2:18am | 709In a bid to secure a stable supply of high-end chips amid U.S.-China tensions, TikTok-parent ByteDance is reportedly collaborating with U.S. chip designer Broadcom (NASDAQ:AVGO) to develop an advanced AI processor. What Happened: The chip in question is a 5-nanometer custom product known as an...
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TikTok Argues US Could Have Considered Alternatives To Banning App
Thursday, June 20, 2024 - 6:37pm | 514TikTok and its China-based parent company ByteDance Ltd. contend the U.S. could have enacted lighter alternatives to banning the app to address national security concerns. President Joe Biden signed a bill into law in late April that would force a sale of TikTok by ByteDance, if not completely ban...
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Broadcom's Cutting-Edge AI Networking Technology Leaves Nvidia, Marvell, Cisco Behind: JPMorgan
Monday, June 17, 2024 - 8:04am | 682Broadcom Inc. (NASDAQ) is not only holding its position in the datacenter and AI Ethernet switching market but is also making significant strides forward. With its stock currently trading at $1,735.04, Broadcom is expected to achieve notable gains, targeting a price of $2,000 by December, according...
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Donald Trump's Debut Has Outshined Biden-Harris Campaign Account On TikTok: 'This Is A Vital Space For Political Conversations'
Thursday, June 6, 2024 - 12:10am | 738Earlier this week, former President Donald Trump made a surprising move by joining TikTok, the social media platform he once sought to ban. His account has amassed more than five million followers, surpassing the Joe Biden campaign’s following. What Happened: The Biden-Harris HQ account...
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TikTok Parent Bytedance Appoints Former Warner Bros. Lawyer As General Counsel Amid Ongoing Legal Battle With US
Monday, June 3, 2024 - 10:02pm | 627Amid the ongoing legal battle with the U.S. government, ByteDance Ltd., the parent company of TikTok, has appointed a new global general counsel. What Happened: John Rogovin, the former top lawyer at Warner Bros. Discovery Inc., has been named the new global general counsel at ByteDance....