Frank McCourt, the former owner of the Los Angeles Dodgers, this week announced he is putting together a bid to buy the popular social media platform TikTok as the company’s future in the U.S. remains uncertain after President Joe Biden signed a bill that could get it banned nationwide. In a statement released Wednesday, McCourt […]
Tag: TikToks
Billionaire Frank McCourt’s Project Liberty forms consortium to bid for TikTok’s US operations
(Reuters) -Entrepreneur and former Los Angeles Dodgers owner Frank McCourt said on Wednesday his organization, Project Liberty, is forming a consortium to buy social media platform TikTok in the United States. A law signed by President Joe Biden on April 24 gives the social media platform’s owner, ByteDance, until Jan. 19 next year to sell […]
L.A. influencers, businesses live or die on TikTok’s algorithm. Now they fear for the future
Brandon Hurst has built a loyal social media following and a growing business selling plants on TikTok, where a mysterious algorithm combined with the right content can let users amass thousands of followers. Hurst sold 20,000 plants in three years while running his business on Instagram. After expanding the business he launched in 2020 to […]
How TikTok’s vaunted lobbying operation went wrong
After a brutal, five-hour bipartisan grilling of TikTok’s CEO on Capitol Hill in March 2023 — where Democrats and Republicans took turns bashing the company for its China ties, its risks to children and its mental health dangers — the company emerged confident that its leader, Shou Zi Chew, had nailed his first public appearance […]
How TikTok’s vaunted lobbying operation went wrong
After a brutal, five-hour bipartisan grilling of TikTok’s CEO on Capitol Hill in March 2023 — where Democrats and Republicans took turns bashing the company for its China ties, its risks to children and its mental health dangers — the company emerged confident that its leader, Shou Zi Chew, had nailed his first public appearance […]
US Senate passes legislation forcing TikTok’s parent company to sell or face ban
The US Senate has passed legislation that would force TikTok’s China-based parent company to sell the social media platform under the threat of a ban. It is a contentious move by US lawmakers that is expected to face legal challenges and disrupt the lives of content creators who rely on the short-form video app for […]
Senate passes bill forcing TikTok’s parent company to sell or face ban, sends to Biden for signature
WASHINGTON (AP) — The Senate passed legislation Tuesday that would force TikTok’s China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers that’s expected to face legal challenges and disrupt the lives of content creators who rely on the short-form video app for income. […]
TikTok’s owner is raking in cash
TikTok’s parent company, ByteDance, saw a 60% revenue increase in 2023, Bloomberg reported. TikTok has driven ByteDance’s recent success, allowing it to break into global e-commerce markets. This growth came as Congress debated, and then passed, a bill that could ban TikTok in the US. Revenue to ByteDance, TikTok’s parent company, grew by about 60% […]
Siblings challenge stereotypes about Down syndrome with funny and cute TikToks
What is TikTok’s ‘soft travel’ trend and why is it becoming so popular?
If you haven’t heard of the ‘soft travel’ trend yet, chances are you’ll spot it soon. It taps into a lot of social media’s ‘soft life’ vibes – which originated in Nigeria and was popularised by African-American women long before it made its mark on TikTok, with #softlife racking up 228.5k posts and counting – […]
Who is Jeff Yass? The billionaire donor with investments in TikTok’s parent company
In the pitched battle between TikTok and Washington, few people stand to lose more than Jeff Yass, an American billionaire options trader who has emerged in recent years as a major donor to Republican candidates and causes. Yass co-founded the Philadelphia-based trading firm Susquehanna International Group, which owns a 15% stake in TikTok’s China-based parent […]
Who is Jeff Yass? The billionaire donor with investments in TikTok’s parent company
In the pitched battle between TikTok and Washington, few people stand to lose more than Jeff Yass, an American billionaire options trader who has emerged in recent years as a major donor to Republican candidates and causes. Yass co-founded the Philadelphia-based trading firm Susquehanna International Group, which owns a 15% stake in TikTok’s China-based parent […]