TikTok

The Latest

  • TikTok Undertakes Layoffs Amidst Tech Industry Downturn
    FILE PHOTO: The TikTok logo is pictured outside the company's U.S. head office in Culver City, California, U.S., September 15, 2020.
    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
    CLEARING OPERATIONS
    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
    FILE PHOTO: The TikTok logo is pictured outside the company's U.S. head office in Culver City, California, U.S., September 15, 2020.
    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
    FILE PHOTO: The TikTok logo is pictured outside the company's U.S. head office in Culver City, California, U.S., September 15, 2020.
    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
    CLEARING OPERATIONS
    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
    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
    CLEARING OPERATIONS
    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
    CLEARING OPERATIONS
    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.
  • TikTok Ignites U.S. Black Friday Price Wars with Massive Discounts
    FILE PHOTO: The TikTok logo is pictured outside the company's U.S. head office in Culver City, California, U.S., September 15, 2020.
    As the end-of-year shopping season in the U.S. approaches, TikTok, which recently launched its e-commerce venture in the country, is gearing up to make a splash with promotional campaigns, firing the opening salvo in the retail price war.
  • TikTok Dives Deeper into E-Commerce with the Launch of TikTok Shop in the U.S.
    TikTok
    TikTok, the social media sensation, has officially unveiled its e-commerce platform, TikTok Shop, in the U.S., marking a significant move to capitalize on its vast user base of over 150 million in the country. This strategic launch comes after several months of rigorous testing and is set to reshape the online shopping landscape by integrating community, creativity, and commerce.
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