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TikTok In Negotiations To Go Public On NYSE: Chinese Media
Tuesday, February 16, 2021 - 8:54pm | 438Read More...Short-form video app TikTok is reportedly in negotiations to list on the Intercontinental Exchange Inc (NYSE: ICE)-owned New York Stock Exchange. What Happened: The ByteDance-owned Chinese social media company is holding preliminary talks to list on the NYSE, as per a tweet from the state-...
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SoftBank's Vision Fund To Launch 2 More SPACs, For Total IPO Raise Of $550 Million
Saturday, February 6, 2021 - 12:01pm | 309Read More...SoftBank Group Corp (OTC: SFTBY) is planning to launch two more SPACs. What Happened: The two SPACs aim to raise a total of $550 million in their IPOs, Reuters reported, citing regulatory filings. SVF Investment Corp 2 would offer 20 million shares and warrants, and SVF Investment Corp 3 would...
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Walmart To Sell Its Products Directly On TikTok Through Influencer Live Streams
Friday, December 18, 2020 - 3:57am | 383Read More...Walmart Inc (NYSE: WMT) said TikTok users can directly buy its products during live streams on the short-form video app. What Happened: The Arkansas-based retail giant said in a statement Thursday that TikTok users in the United States can shop for “fashion items featured in content from some...
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US Allows Deadline On TikTok Deal To Lapse, Talks To Continue
Saturday, December 5, 2020 - 11:40am | 497Read More...TikTok's future remains murky as the U.S. heads into a new presidential administration still with no final sale. What Happened: The Trump administration did not extend the Friday night deadline for the forced sale of TikTok's U.S. assets, following two previous extentions. But the Treasury...
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TikTok Seeks Extension Of US Deadline On Forced Sale To Oracle, Walmart
Wednesday, November 11, 2020 - 3:37am | 577Read More...ByteDance has filed a petition in the D.C. Circuit Court of Appeals to extend the Nov. 12 deadline of a forced sale to Walmart Inc (NYSE: WMT) and Oracle Corporation (NYSE: ORCL), the Wall Street Journal reports. What Happened: The TikTok...
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Fastly Analysts Have More Questions Than Answers Amid Q3 Warning
Thursday, October 15, 2020 - 3:05pm | 405Read More...Analysts are out with their reaction to Fastly Inc's (NYSE: FSLY) preliminary third-quarter earnings and the subsequent 30% drop in share price. Credit Suisse analyst Brad Zelnick maintains an Outperform rating on Fastly and lowers his price target from $110 to $100. Raymond James...
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Never Break The Chain: Fleetwood Mac Downloads Surge After Viral TikTok Video
Monday, October 5, 2020 - 11:27am | 726Read More..."Dreams" is making money for Stevie Nicks even while she's in isolation. A viral TikTok video has Fleetwood Mac surging up the music charts and has provided some free publicity for Ocean Spray. What Happened? A TikTok clip showing a longboarding man drinking Ocean Spray...
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TikTok Awaits Judge Ruling After Sunday Morning Hearing
Sunday, September 27, 2020 - 1:46pm | 656Read More...A federal ruling is expected to be announced tonight on whether downloads of the video-sharing app TikTok will be banned throughout the U.S. A hearing took place Sunday morning at 9:30 a.m. EST before U.S. District Judge Carl Nichols in Washington. During the ninety-minute...
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Delay TikTok Ban Or Defend By Friday, Judge Tells Trump Administration
Friday, September 25, 2020 - 12:29am | 475Read More...TikTok may have secured legal respite against the ban on its U.S. operations after U.S. District Judge Carl Nichols on Thursday asked President Donald Trump's administration to either file a response to TikTok's injunction by 2:30 p.m. ET Friday, or delay the ban that goes into effect...
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TikTok Parent Puts Ball In China's Court — Says Will Abide By Tech Export Rules
Thursday, September 24, 2020 - 12:15am | 490Read More...ByteDance has applied for an export license from China's regulator, as it moves ahead with a deal involving Oracle Corporation (NASDAQ: ORCL) and Walmart Inc (NYSE: WMT) taking 12.5% and 7.5% stake respectively in subsidiary TikTok Global's U.S. operations, reports CNBC. What Happened:...
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How Trump's Chinese Tech Crackdown Could Impact 'Fortnite,' 'League of Legends'
Tuesday, September 22, 2020 - 3:48pm | 635Read More...The ongoing saga between China and the United States over how data collected is now shifting from TikTok to gaming companies. What Happened: Chinese gaming companies are being scrutinized by the U.S. government, according to a Thursday Bloomberg report. Tencent (Pink: TCEHY), the world...
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Fintech Focus For September 22, 2020
Monday, September 21, 2020 - 6:33pm | 1543Read More...Quote Of The Day: A friend is one soul abiding in two bodies. - Aristotle Fintech Movers: Federally chartered banks can hold reserve funds for stablecoin issuers, according to new guidance from the U.S. Office of the Comptroller of the Currency. - Block Binance creates exclusive Innovation Zone....
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ByteDance Denies Most Of Trump's Claims On TikTok Deal With Oracle, Walmart
Monday, September 21, 2020 - 3:58am | 368Read More...ByteDance is shooting down the U.S. optimism surrounding the TikTok deal with Walmart Inc (NYSE: WMT), and Oracle Corporation (NYSE: ORCL). What Happened: Neither U.S. company will not gain ownership rights for TikTok’s video recommendation algorithms or the technology that powers...
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Trump Said TikTok Deal Would Create $5B Patriotic Education Fund. ByteDance Says It Has No Clue
Sunday, September 20, 2020 - 10:16pm | 362Read More...President Donald Trump suggested Saturday that the TikTok deal he gave his "blessing" to involved a $5 billion education fund for the United States, but ByteDance claims it didn't hear of this until media reports emerged. What Happened: “They are going to pay $5bn into a...
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Why Trump's TikTok Ban Could Be 'Fort Sumter Moment' In Cold Tech War Between US, China
Friday, September 18, 2020 - 10:03am | 826Read More...The drama over the fate of popular Chinese-owned social media platform TikTok is ongoing Friday, with the U.S. Commerce Department announcing that it will ban U.S. business transactions on TikTok starting Sunday. What Happened? Chinese-owned TikTok and WeChat will seemingly no longer be able...
