TikTok
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TikTok's Lobbying Efforts Reportedly Backfire as Congress Moves Closer to Banning the App Amid National Security Concerns
TikTok's frantic last-minute push to mobilize users against legislation that could see the popular app banned in the United States appears to be backfiring on Capitol Hill. Congressional offices have reported being inundated with calls from confused TikTok users, ranging from teenagers to the elderly, urging them to vote against the measure. 
TikTok's frantic last-minute push to mobilize users against legislation that could see the popular app banned in the United States appears to be backfiring on Capitol Hill. Congressional offices have reported being inundated with calls from confused TikTok users, ranging from teenagers to the elderly, urging them to vote against the measure. -
EU Launches Investigation into TikTok for Child Safety and Ad Transparency Violations
The European Union has initiated a formal investigation into the social media giant TikTok, owned by ByteDance, over concerns that it may have violated the bloc's comprehensive Digital Services Act (DSA) by inadequately protecting minors and lacking transparency in its advertising practices. This inquiry marks a significant challenge for TikTok, which could face penalties amounting to as much as 6% of its global revenue if found non-compliant. 
The European Union has initiated a formal investigation into the social media giant TikTok, owned by ByteDance, over concerns that it may have violated the bloc's comprehensive Digital Services Act (DSA) by inadequately protecting minors and lacking transparency in its advertising practices. This inquiry marks a significant challenge for TikTok, which could face penalties amounting to as much as 6% of its global revenue if found non-compliant. -
TikTok Undertakes Layoffs Amidst Tech Industry Downturn
The global technology landscape is witnessing a significant workforce reduction, and the latest to join this trend is the popular video-sharing platform TikTok. According to employee reports, TikTok is laying off approximately 60 employees, primarily from its sales and advertising division. 
The global technology landscape is witnessing a significant workforce reduction, and the latest to join this trend is the popular video-sharing platform TikTok. According to employee reports, TikTok is laying off approximately 60 employees, primarily from its sales and advertising division. -
US Congress Delays TikTok Legislation Amid Security Concerns
The United States Congress has decided not to pursue legislation this year that could potentially address concerns around foreign-owned applications like TikTok, which have been under scrutiny for national security reasons. The United States Congress has decided not to pursue legislation this year that could potentially address concerns around foreign-owned applications like TikTok, which have been under scrutiny for national security reasons. -
TikTok Reportedly Eyes Investment in Indonesian GoTo Group's Subsidiary to Revive E-commerce Operations
TikTok's parent company, ByteDance, is planning to invest in a subsidiary of Indonesia's internet company GoTo Group, in a bid to resume its e-commerce operations in Indonesia. TikTok's parent company, ByteDance, is planning to invest in a subsidiary of Indonesia's internet company GoTo Group, in a bid to resume its e-commerce operations in Indonesia. -
TikTok Responds to Viral Trend of bin Laden’s ‘Letter to America,’ Citing Terrorism Policy Violations
TikTok, the popular social media platform, faced a surge in posts related to Osama bin Laden's "Letter to America," penned after the September 11, 2001 attacks. The platform swiftly acted to curb the spread of the content, which was seen as glorifying terrorism. TikTok, the popular social media platform, faced a surge in posts related to Osama bin Laden's "Letter to America," penned after the September 11, 2001 attacks. The platform swiftly acted to curb the spread of the content, which was seen as glorifying terrorism. -
Montana's TikTok Ban Faces Judicial Scrutiny Amidst Broader Concerns
Montana's decision to ban the popular video-sharing app TikTok is now under judicial review. U.S. District Judge Donald Molloy of Missoula is set to hear arguments from both TikTok and five Montana-based content creators who are challenging the state's decision. The primary contention is the potential infringement on free speech rights and the economic implications for local businesses that rely on the platform. Montana's decision to ban the popular video-sharing app TikTok is now under judicial review. U.S. District Judge Donald Molloy of Missoula is set to hear arguments from both TikTok and five Montana-based content creators who are challenging the state's decision. The primary contention is the potential infringement on free speech rights and the economic implications for local businesses that rely on the platform. -
Southeast Asia's E-commerce Shake-Up: After Indonesia, Malaysia Mulls TikTok E-commerce Ban
TikTok's e-commerce ventures in Southeast Asia may be facing a crisis. On October 11th, international media reported that the Malaysian government is contemplating a policy similar to Indonesia's, considering a ban on e-commerce transactions on the social media platform TikTok. This move comes in response to consumer concerns over competitive pricing and data privacy issues on TikTok Shop. 
TikTok's e-commerce ventures in Southeast Asia may be facing a crisis. On October 11th, international media reported that the Malaysian government is contemplating a policy similar to Indonesia's, considering a ban on e-commerce transactions on the social media platform TikTok. This move comes in response to consumer concerns over competitive pricing and data privacy issues on TikTok Shop. -
TikTok Halts E-commerce Operations in Indonesia: Complex Reasons Cited, Aims for Swift Return
Following a ban by the Indonesian government, TikTok suspended its TikTok Shop operations in Indonesia on October 4th. Bob Kang, the head of TikTok's e-commerce division, discussed the situation internally. He mentioned that the incident occurred unexpectedly and the underlying reasons are intricate. The company is striving for an early resumption of services. Following a ban by the Indonesian government, TikTok suspended its TikTok Shop operations in Indonesia on October 4th. Bob Kang, the head of TikTok's e-commerce division, discussed the situation internally. He mentioned that the incident occurred unexpectedly and the underlying reasons are intricate. The company is striving for an early resumption of services. -
ByteDance's Valuation Dips Amid Share Buyback Initiative
In a recent development, ByteDance, the parent company of the globally renowned app TikTok, is reportedly initiating a buyback of stocks worth at least $300 million from its current and former employees in the United States. This move is expected to result in a 26% drop in the tech giant's valuation. In a recent development, ByteDance, the parent company of the globally renowned app TikTok, is reportedly initiating a buyback of stocks worth at least $300 million from its current and former employees in the United States. This move is expected to result in a 26% drop in the tech giant's valuation.
