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Apr 19, 2024
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bytedance to divest us assets orface a ban. social media platform has enjoyed growth since its 2418 launch in the united states where it has 150 million users. wideband the platform? 0ur million users. wideband the platform? our business reporter explains. 0ne platform? our business reporter explains. one of the hottest apps right now with more than a billion active users worldwide, most of them young and they tend to spend more time on tiktok than any other app which makes it very attractive for advertisers. but not everybody is happy about it, politicians and the us, tiktok speaker market, had set their sights on the up, they seem to have a problem with tiktok owner dance. it was created in beijing in 2012 and since then, it's become one of the fastest growing companies out of china. and it's precisely bytedance as 0rigin that has us lawmakers worried. they say bytedance is a chinese company and as such, it could be compelled by the chinese government to either give up the data it is on american users or to conduct influence
bytedance to divest us assets orface a ban. social media platform has enjoyed growth since its 2418 launch in the united states where it has 150 million users. wideband the platform? 0ur million users. wideband the platform? our business reporter explains. 0ne platform? our business reporter explains. one of the hottest apps right now with more than a billion active users worldwide, most of them young and they tend to spend more time on tiktok than any other app which makes it very attractive...
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Apr 19, 2024
04/24
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the social media company says 6% of bytedance is owned the social media company says 60% of bytedance is owned by global edition investors like carlyle group, general atlantic and sig international group. another 20% is owned by tiktok�*s employees around the world while only the remaining 20% is owned by bytedance's chinese founder. still, that has been enough to convince us lawmakers and they have at least two other reasons for that. under chinese law, chinese companies, bytedance included, must have an in—house group of employees who are communist party members. and there is also a golden share system in place whereby the chinese government has been taken an influential 1% stake in key subsidiaries in data rich companies. regardless of who is wrong and who is right about beijing's control over bytedance, tiktok is all the rage right now, one of the world's most downloaded apps and its viral videos have captured the short attention span of an entire generation. it's no wonder then that its owners are fighting tooth and nail against breaking up the tech giant. a key member of the
the social media company says 6% of bytedance is owned the social media company says 60% of bytedance is owned by global edition investors like carlyle group, general atlantic and sig international group. another 20% is owned by tiktok�*s employees around the world while only the remaining 20% is owned by bytedance's chinese founder. still, that has been enough to convince us lawmakers and they have at least two other reasons for that. under chinese law, chinese companies, bytedance included,...
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Apr 24, 2024
04/24
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congress is not acting to punish tiktok, bytedance or any other individual company. congress is acting to prevent foreign adversaries from conducting espionage, surveillance, maligned operations, harming vulnerable americans, our servicemen and women and our u.s. government personnel. mr. warner: mr. president. the presiding officer: the senator from virginia. mr. warner: i would like to expound a little bit on what senator cantwell has just said. because it has been made absolutely clear that a number of chinese laws require chinese companies and their subsidiaries to assist prc agencies and abide by the government directives. the truth is, these chinese companies at the end of the day, they don't owe their obligation to their customers or their shareholders, but they owe it to the prc government. in the context of social media platforms used by nearly half of americans, it's not hard to imagine how a platform that facilitates so much commerce, political discourse, and social debate could be covertly manipulated to serve the goals of an authoritarian regime, one wit
congress is not acting to punish tiktok, bytedance or any other individual company. congress is acting to prevent foreign adversaries from conducting espionage, surveillance, maligned operations, harming vulnerable americans, our servicemen and women and our u.s. government personnel. mr. warner: mr. president. the presiding officer: the senator from virginia. mr. warner: i would like to expound a little bit on what senator cantwell has just said. because it has been made absolutely clear that...
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Apr 24, 2024
04/24
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what are bytedance's chances of success? alex: there might be multiple fights in this battle from bytedance and tiktok as well as some of his supporters. we have some clues as to how this might play out from a prior legal fight. the state of montana in the u.s. had a built in place that would have banned the app in the stat e. not only did tiktok file a lawsuit, but they funded a group of users who filed a second lawsuit. the judge ultimately through that one out, but that might give some clues as to the types of people, whether it be users who see their first amendment rights being infringed upon, or merchants saying they are being economically disadvantaged, who might take this to the courts. you asked what the chances are. we put a win on some of these arguments at only 30%. so, not quite as bullish on a win as you heard from the tiktok ceo there. paul: ok. so if the analysts are correct and bytedance loses this legal action and is forced to divest, who buys tiktok and what happens to all that data in the algorithm? alex:
what are bytedance's chances of success? alex: there might be multiple fights in this battle from bytedance and tiktok as well as some of his supporters. we have some clues as to how this might play out from a prior legal fight. the state of montana in the u.s. had a built in place that would have banned the app in the stat e. not only did tiktok file a lawsuit, but they funded a group of users who filed a second lawsuit. the judge ultimately through that one out, but that might give some clues...
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Apr 24, 2024
04/24
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previously bytedance said it would oppose any attempt to force it to sell tiktok. back with us is erin delmore, north america business correspondent. it's so interesting, the speed at which this had happened but it's beenin which this had happened but it's been in the making for quite a while. it been in the making for quite a while. . , . been in the making for quite a while. .,, . v been in the making for quite a while. .,, ., �*, ., been in the making for quite a while. ., �*, ., , while. it has and it's also been batted back — while. it has and it's also been batted back and _ while. it has and it's also been batted back and forth - while. it has and it's also been batted back and forth now - while. it has and it's also been batted back and forth now and | while. it has and it's also been - batted back and forth now and this is quite the reversal, just to bring into context years ago this was something suggested by president trump and when president biden came into office was thought maybe this would be a reprieve for tiktok and its parent company bytedan
previously bytedance said it would oppose any attempt to force it to sell tiktok. back with us is erin delmore, north america business correspondent. it's so interesting, the speed at which this had happened but it's beenin which this had happened but it's been in the making for quite a while. it been in the making for quite a while. . , . been in the making for quite a while. .,, . v been in the making for quite a while. .,, ., �*, ., been in the making for quite a while. ., �*, ., ,...
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Apr 27, 2024
04/24
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the secret sauce recommendation engine that makes bytedance. so compelling. bytedance for what it's worth is saying, they're not selling interesting. >> and what about so there's 170 million americans a lot of people who currently use tiktok, what are what, not that they're monolithic. but what are we hearing from some of those users right? so there's obviously a lot of concern amongst tiktok users about how this and could affect their use of the app. >> we should be clear that this isn't criminal lysing tiktok, write this band would essentially force tiktok off the app stores. you wouldn't be penalized for using the app on your phone, but we've already seen tiktok flex its political muscles by prompting users to call congressman, to call the representatives about tiktok when that happened, lawmakers saw their phones flooded, people were calling playing in people who are using gap. we're calling up. so right now the ban or the forced sale is january 19, a day before biden's term is set to end. >> so the band wouldn't come if it were to happen before the elect
the secret sauce recommendation engine that makes bytedance. so compelling. bytedance for what it's worth is saying, they're not selling interesting. >> and what about so there's 170 million americans a lot of people who currently use tiktok, what are what, not that they're monolithic. but what are we hearing from some of those users right? so there's obviously a lot of concern amongst tiktok users about how this and could affect their use of the app. >> we should be clear that this...
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Apr 22, 2024
04/24
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i think they will be quite serious about tiktok, i think it is up to bytedance to look at divestment if it wants tiktok to survive. this is being talked of as if it is a ban, there is an option here, it is not an option that is impossible if the government in beijing permits it. if it doesn't permit it, as i say, it strengthens the american case. it is going to be a large kerfuffle, but i think it will get through. goad going to be a large kerfuffle, but i think it will get through.— think it will get through. good to talk to you. _ think it will get through. good to talk to you, grateful _ think it will get through. good to talk to you, grateful for - think it will get through. good to talk to you, grateful for your - think it will get through. good to l talk to you, grateful for your time. much more on those stories, online, and on tv. see you soon. hello, i'm chetan pathak with your latest sports news. we start with the fallout from sunday's heated el classico in spain. barcelona manger xavi says it's a disgrace that goalline technology isn't used in la liga like it is in the en
i think they will be quite serious about tiktok, i think it is up to bytedance to look at divestment if it wants tiktok to survive. this is being talked of as if it is a ban, there is an option here, it is not an option that is impossible if the government in beijing permits it. if it doesn't permit it, as i say, it strengthens the american case. it is going to be a large kerfuffle, but i think it will get through. goad going to be a large kerfuffle, but i think it will get through.— think it...
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Apr 22, 2024
04/24
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so if the bill is passed, bytedance will have to divest its part in its company or it will be banned. so what we're looking at now, this is the breakdown. we have the owners, bytedance with a 20% stake in the company. 60% is owned by institutional investors including us investment firms such as susquehanna and sequoia capital and 20% is owned by employees around the world. however, china's, secretary has said they will oppose the sale of bytedance and seek to block a transfer of its technology. we heard from bytedance, from tiktok, rather, who said the media app ban would trample freedom of speech.— media app ban would trample freedom of speech. thank you for getting _ freedom of speech. thank you for getting us _ freedom of speech. thank you for getting us across - freedom of speech. thank you for getting us across that, - for getting us across that, monica. we will be watching developments in the middle east very closely after last friday's strike on a raft —— iran. us officials have claimed israel was behind the missile attack on military targets in the city of isfahan, but i
so if the bill is passed, bytedance will have to divest its part in its company or it will be banned. so what we're looking at now, this is the breakdown. we have the owners, bytedance with a 20% stake in the company. 60% is owned by institutional investors including us investment firms such as susquehanna and sequoia capital and 20% is owned by employees around the world. however, china's, secretary has said they will oppose the sale of bytedance and seek to block a transfer of its technology....
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Apr 22, 2024
04/24
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bytedance, the parent company that the u.s. government has taken issue with has also expected that it is going to fight this tooth and nail through the u.s. legal system. if this bill goes into law with the correct language, bytedance would have nine months with a potential three-month extension today best the app. that seems to be an option that would be the case for the legal battle for bytedance who plans to fight this in a legal battle that could last more than a year. paul: what is the plan? to put up for a better administration somewhere down the track? and also in terms of what is worse, is it a ban or is it investment? alex: if you do the math on the 29th, for it passes this week, that would put us around january which is in operation time here in the u.s. as that a presidential election year. we have seen tiktok in the past tried to lean into the idea of looking for a more amenable administration. donald trump changed his tune on tiktok, the first president to try to ban the but it -- by executive order, has now says i
bytedance, the parent company that the u.s. government has taken issue with has also expected that it is going to fight this tooth and nail through the u.s. legal system. if this bill goes into law with the correct language, bytedance would have nine months with a potential three-month extension today best the app. that seems to be an option that would be the case for the legal battle for bytedance who plans to fight this in a legal battle that could last more than a year. paul: what is the...
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Apr 25, 2024
04/24
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unless it's chinese owner bytedance sells its stake in the company. president biden signed that legislation wednesday as part of a larger foreign aid package. >> rest assured we are not going anywhere. we are confident and we will keep fighting for your rights in the courts. the facts and the constitution are on our side and we expect to prevail again. paul: let's bring in our tech reporter alex barinka for more now. we just heard from the tiktok ceo saying he is going to fight for american's constitutional rights, giving us a preview of what this legal battle will be about. alex: that is the message he has for users and employees internally that the fight is not yet over. tiktok and bytedance both expected take this to the courts, with the hopes of either delaying the enforcement of this bill, or getting it killed altogether. the first amendment argument is one that we very well could see, with them claiming the government is infringing on its user's rights. we could also look to some past legal battles for other clues on the arguments they might hav
unless it's chinese owner bytedance sells its stake in the company. president biden signed that legislation wednesday as part of a larger foreign aid package. >> rest assured we are not going anywhere. we are confident and we will keep fighting for your rights in the courts. the facts and the constitution are on our side and we expect to prevail again. paul: let's bring in our tech reporter alex barinka for more now. we just heard from the tiktok ceo saying he is going to fight for...
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Apr 25, 2024
04/24
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bytedance has no plan to sell tiktok. we need to dig deeper to understand what they mean by that. you've also published research, your latest thinking on tiktok just this morning on the bloomberg terminal. just explain the basics to us. mandeep: tiktok has a lot of original content that goes through instagram, youtube and so if tiktok is banned a lot of those creators have to go to some other platform. whether it's youtube shorts or instagram we -- reels you can see a lot of the original content creation happens on tiktok and that's where you will see meda being a beneficiary but i am excited to look at the youtube numbers because to me youtube should be the 15% consensus numbers given the kind of viewership gains you have already seen with youtube and so i think that is the one aspect people need to think about is the creators will not wait for nine months to move. they are going to start thinking about what's the alternative platform and where they can move their followers. that's going to determine gains for snap, youtube and meda in the coming months. ed: it's important we kno
bytedance has no plan to sell tiktok. we need to dig deeper to understand what they mean by that. you've also published research, your latest thinking on tiktok just this morning on the bloomberg terminal. just explain the basics to us. mandeep: tiktok has a lot of original content that goes through instagram, youtube and so if tiktok is banned a lot of those creators have to go to some other platform. whether it's youtube shorts or instagram we -- reels you can see a lot of the original...
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Apr 24, 2024
04/24
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bytedance has offices all over the us, but it is headquartered in beijing, china. and president biden this morning signed a law in a bill into law that would give bytedance, the parent company of tiktok, one year to sell to a non-chinese company. and if it doesn't, tiktok would no longer be accessible or able. you wouldn't be able to update or download it on us phones. us lawmakers and security experts say the company has close ties to the chinese government to close in their fears. they worry about that the foreign government of china would have too much information and influence over tiktok's millions of us users. >> the fear here is okay, so this data is available and the chinese government can have access to that. the worst case scenario is we have election years coming and we have elections. you know, you know, going on. so a deepfake video, you know, a fabricated picture, some that will spread like fire in tiktok and that could have an impact. >> i don't think that it should be banned, but i think that there should be some restrictions put on it to make it sa
bytedance has offices all over the us, but it is headquartered in beijing, china. and president biden this morning signed a law in a bill into law that would give bytedance, the parent company of tiktok, one year to sell to a non-chinese company. and if it doesn't, tiktok would no longer be accessible or able. you wouldn't be able to update or download it on us phones. us lawmakers and security experts say the company has close ties to the chinese government to close in their fears. they worry...
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Apr 27, 2024
04/24
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. >> bytedance is a chinese company that's indisputable. we controlled by the chinese comment this party, the editor and chief of bytedance, is the secretary of the ccp cell. that's been embedded at the top of bytedance to control its operations. and so people are very concerned about to threats. one, the ccps access to personal data, and to its manipulation then of content on the platform. and so that's why there's a huge bipartisan vote in favor of this bill there's a may i i think that you're kind of getting at this because some people will say, oh, but i just want to watch some videos of cats who cares if they look at what i'm looking at. >> but there are real surety issues here, national security issues help people understand what those are look for years first under the trump administration and then the biden administration, the us government has tried to work with tiktok to preserve its governance structure. and at the same time, try to mitigate dense threats. the problem was the plan that they came up with called project texas, turn
. >> bytedance is a chinese company that's indisputable. we controlled by the chinese comment this party, the editor and chief of bytedance, is the secretary of the ccp cell. that's been embedded at the top of bytedance to control its operations. and so people are very concerned about to threats. one, the ccps access to personal data, and to its manipulation then of content on the platform. and so that's why there's a huge bipartisan vote in favor of this bill there's a may i i think that...
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Apr 25, 2024
04/24
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starts the clock for the china based company bytedance to divest in tiktok or face a us ban. abc seven news south bay reporter dustin dorsey explains what this may mean in the tech world. >> make no mistake, this is a ban, a ban on tiktok and a ban on you and your voice. >> despite attempts in the past. this is a ban that now has a clear path forward with national security in mind. president biden signed a bipartisan bill that would require tiktok parent company bytedance to divest of the app or face a nationwide ban that blocks updates and future downloads until tiktok essentially disappears. congressman ro khanna has been against the ban. from the start, i thought that the ban on it was overbroad. >> let's ban the chinese communist party from interfering in algorithms. let's ban our data from going to china. but don't ban the speech of americans, 170 million users and 7 million businesses use tiktok in the united states, and the company is growing. >> our partners at the bay area news group report that bytedance , which already has leases on coleman avenue, is subletting mo
starts the clock for the china based company bytedance to divest in tiktok or face a us ban. abc seven news south bay reporter dustin dorsey explains what this may mean in the tech world. >> make no mistake, this is a ban, a ban on tiktok and a ban on you and your voice. >> despite attempts in the past. this is a ban that now has a clear path forward with national security in mind. president biden signed a bipartisan bill that would require tiktok parent company bytedance to divest...
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Apr 22, 2024
04/24
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will bytedance be able to divest in tiktok within six months? what will happen next? it tiktok within six months? what will happen next?— will happen next? it has now been extended, _ will happen next? it has now been extended, so _ will happen next? it has nowl been extended, so bytedance will have a longer period of time to be able to divest than in the original bill, which is one of the reasons that it was able to pass through the house and why it may have more support now in the senate. it is important to note that bytedance has said that it will not divest and, again, tiktok has implied that it is going to wage this intense legal battle. what that means is this is going to be something that we are going to be watching and dealing with for some time, and it is not quite the end in several different ways. for one, if this bill becomes law, it is not the tiktok is just going to disappearfrom our phones here in the us, it is going to be unavailable in app stores for download updates which means that the app is going to become slower, it will become more clunky and
will bytedance be able to divest in tiktok within six months? what will happen next? it tiktok within six months? what will happen next?— will happen next? it has now been extended, _ will happen next? it has now been extended, so _ will happen next? it has nowl been extended, so bytedance will have a longer period of time to be able to divest than in the original bill, which is one of the reasons that it was able to pass through the house and why it may have more support now in the senate....
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Apr 24, 2024
04/24
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bytedance would probably challenge all of this in court. any decision could even end up under review by the supreme court. and if the company loses, it would still get a year to find an american buyer. know alan grant. catherine, thank you. coming up. >> the lineup for outside lands has been released to. you can expect to see if you're planning head out to san francisco's biggest music festival. and it's it east coast versus west coast battle. we're live at oracle park. and if the giants game against the new york mets. stay with us. we'll be back stay with us. we'll be back right after this. ( ♪♪ ) you made a cow! actually it's a piggy bank. my inspiration to start saving. how about a more solid way to save? i'm listening. well, bmo helps get your savings habit into shape with a cash reward, every month you save. both: cash reward? and there's a cash bonus when you open a new checking account to get you started. wow. anything you can't do? ( ♪♪ ) mugs. ♪ bmo ♪ >> the giants are coming off of a series opening win against the mets
bytedance would probably challenge all of this in court. any decision could even end up under review by the supreme court. and if the company loses, it would still get a year to find an american buyer. know alan grant. catherine, thank you. coming up. >> the lineup for outside lands has been released to. you can expect to see if you're planning head out to san francisco's biggest music festival. and it's it east coast versus west coast battle. we're live at oracle park. and if the giants...
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Apr 24, 2024
04/24
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clmpany called bytedance sell the app. >> those pushing for a ban claim that bytedance has ties to the chinese communist party. put millions of americans personal information at risk. currently the chinese communist party is able to gain unlimited access to the account information of tiktok users just last month tiktok ceo launched a passionate defense. this bill gives more power to a handful of other social media companies. it will also take billions of dollars out of the pockets of creators and small businesses. it will put more than 300,000 american jobs at risk. >> and it will take away your tiktok. at least one u.s. senator raised concerns that a ban could hurt free speech could and likely will. >> result in widespread censorship and east bay congresswoman barbara lee is indicated that she had doubts about the tech talk bill saying in part while it's undeniable that tiktok's data collection practices need addressing the legislative process behind this particular bill was rushed among those predicting that bytedance will choose to sell the app. virginia sen tim kaine that what will
clmpany called bytedance sell the app. >> those pushing for a ban claim that bytedance has ties to the chinese communist party. put millions of americans personal information at risk. currently the chinese communist party is able to gain unlimited access to the account information of tiktok users just last month tiktok ceo launched a passionate defense. this bill gives more power to a handful of other social media companies. it will also take billions of dollars out of the pockets of...
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Apr 24, 2024
04/24
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bytedance are likely to say that they've already taken measures to ensure that that doesn't happen. peter bowes reporting. as we heard from peter the us approved military aid for israel. live tojerusalem and our middle east correspondent, yolande knell. what has been the reaction to that because it is both military and for some humanitarian aid in gaza. that's correct, we have had israel's foreign minister israel katz coming out quite quickly thanking the us congress for this, noting there was overwhelming bipartisan support, saying that this sends a strong message to israel's enemies. of course this package was passed after there had been some congressional democrats have been saying in recent weeks that further military aid to israel from the us should come with conditions attached because of concerns about the conduct of the war in gaza. but this doesn't seem to have been the case, if you break down that $17 billion that's heading the way of israel, it's about 5 billion for replenishing and expanding its air defence system, the real value of that has been proved time and time aga
bytedance are likely to say that they've already taken measures to ensure that that doesn't happen. peter bowes reporting. as we heard from peter the us approved military aid for israel. live tojerusalem and our middle east correspondent, yolande knell. what has been the reaction to that because it is both military and for some humanitarian aid in gaza. that's correct, we have had israel's foreign minister israel katz coming out quite quickly thanking the us congress for this, noting there was...
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Apr 24, 2024
04/24
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bytedance sells tiktok. tiktok continued to operate. we should not have a company operating in the united states about the algorithm that it has and access to the data that it has that powers that algorithm. we should not have a company like that operating in the united states. it has something to do with everything the chinese communist party tells them to do. but the reason why the headlines are going to be about ukraine funding is because that's the part of this bill that frankly has been controversial. it has people that oppose it. i personally believe it is in the national interest of the united states to help ukraine. ukraine was invaded not once but twice by vladimir putin. i supported ukraine and helping ukraine back in 2014. when then -- whether they were first invaded by putin and president obama would only supply them with blankets and meals ready to eat. and i support continuing to help them now to defend themselves. they didn't start this war. i support helping them defend themselves to the extent we can afford and to the e
bytedance sells tiktok. tiktok continued to operate. we should not have a company operating in the united states about the algorithm that it has and access to the data that it has that powers that algorithm. we should not have a company like that operating in the united states. it has something to do with everything the chinese communist party tells them to do. but the reason why the headlines are going to be about ukraine funding is because that's the part of this bill that frankly has been...
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Apr 25, 2024
04/24
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we don't know but bytedance does not want to give this up. america does not want people to stay and give their data to a chinese company. they, there's at least nine months to try to come up with some sort of a resolution. >> so many people are on tiktok. hundred and 70 million of them in the u.s. >> yeah. and other companies like snapchatted and instagram, google, youtube, they are all saying hey, we can get rich off of this and get a whole lot of those tiktok users. but a lot of people, especially the content creators, they say they get with tiktok what they can't get from other companies. and they really wanted to stay. >> nine-month sense like a long time, but is it really? >> you can imagine the deals are already starting to be formulated now. >> sounds good. thank you scott. >>> is something he will be following closely. follow him on twitter or x , his handle is @scottbudman. >>> a split second decision --.to help, ended up pulling a burning man out of that building you are looking at there. this happened at 61st and mark luther king j
we don't know but bytedance does not want to give this up. america does not want people to stay and give their data to a chinese company. they, there's at least nine months to try to come up with some sort of a resolution. >> so many people are on tiktok. hundred and 70 million of them in the u.s. >> yeah. and other companies like snapchatted and instagram, google, youtube, they are all saying hey, we can get rich off of this and get a whole lot of those tiktok users. but a lot of...
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Apr 25, 2024
04/24
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elsewhere, president biden has signed into law a bill which gives tiktok�*s chinese owner, bytedance nine months to divest it or the social media app will be banned in the us. but tiktok has vowed to take legal action, saying in a statement that the us law is unconstitutional and that the company has gone to great lengths to ensure us user data is safe and free from outside manipulation. it's a lot more complicated. this is the only thing both parties in the us is critical on. the competition is really how the data will be separated. one model puts the data of a us server and of course divesting some of the ownership and the governance restrictions. that's the challenge but this is not a first amendment issue or national security issue, it's a reciprocity issue. if china would allow facebook and google to operate in china i think they would be part of the same kind of rules. anglo—american has confirmed it is received and all share offer from a rival, that is been confirmed, we still don't know how much the deal will be worth but we will have more on this story in the next edition
elsewhere, president biden has signed into law a bill which gives tiktok�*s chinese owner, bytedance nine months to divest it or the social media app will be banned in the us. but tiktok has vowed to take legal action, saying in a statement that the us law is unconstitutional and that the company has gone to great lengths to ensure us user data is safe and free from outside manipulation. it's a lot more complicated. this is the only thing both parties in the us is critical on. the competition...
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Apr 22, 2024
04/24
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>> the general counsel of bytedance and tiktok in the u.s. bloomberg reports he will be removed from the role in the wake of this but tiktok and bytedance say it is not the case and that they will pursue legal action so it will be interesting to see what they do and how it plays out, especially leading up to the november elections where the u.s.-china relationship will be a focus in a matter who wins so what this means for tiktok and the relationship. paul: what will it mean for bytedance and their bottom line? >> china recently has been restrained on the u.s. and held back so it will be interesting to see if this pushes china to say something or if they will just deal with it as it comes. annabelle: that was karen lee and sticking with china president xi jinping has ordered the biggest reopen a station of their military since 2015. it will affect cyber warfare. for more, let's bring in john lu who joins us in hong kong. how much is this about preparing china for modern warfare? >> that is a big part of it. if you look at what they have done,
>> the general counsel of bytedance and tiktok in the u.s. bloomberg reports he will be removed from the role in the wake of this but tiktok and bytedance say it is not the case and that they will pursue legal action so it will be interesting to see what they do and how it plays out, especially leading up to the november elections where the u.s.-china relationship will be a focus in a matter who wins so what this means for tiktok and the relationship. paul: what will it mean for bytedance...
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Apr 23, 2024
04/24
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bytedance looks ready to play the long game here in terms of the legal battle. how does this play out, and is waiting around and stalling for time maybe more favorable administration after november? >> that's exactly right, things are moving pretty quickly in washington p the house has gone ahead with legislation to give bytedance this ultimatum to either sell operations in the united states or it would be banned or the senate is expected to pick up that legislation this week and joe biden said he would sign it into law. that will give bytedance this ultimatum that either they need to sell the operation to another buyer, a non-chinese buyer, or face a shut down in the united states. four years ago there was a similar ultimatum and negotiated a preliminary deal to sell u.s. operations, a complicated deal involving microsoft and oracle. this case is the opposite. they are not working anything out or contemplating the option seriously. there are a few reasons. they see elections in the united states or in november and they no changes in the administration can chang
bytedance looks ready to play the long game here in terms of the legal battle. how does this play out, and is waiting around and stalling for time maybe more favorable administration after november? >> that's exactly right, things are moving pretty quickly in washington p the house has gone ahead with legislation to give bytedance this ultimatum to either sell operations in the united states or it would be banned or the senate is expected to pick up that legislation this week and joe...
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Apr 29, 2024
04/24
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to the ccp that's got to weigh heavily on bytedance and ccp officials. secondly, i just have to say, right now this chinese economy, it's tanking at the same time that xi jinping is trying to court foreign investors. sending the message he might potentially destroy their shareholder value by preventing the sale of tiktok, by bytedance. that's exactly the wrong message he'd want to send when trying to shore up his tanking economy. >> congressman, an interesting point, the discovery process kicked off if they litigate. which they said they're going to do. >> not only that, but competitors would learn secrets, too. >> this is an ongoing story. we appreciate your time, hope you come back. congressman krishnamoorthi. >> thank you. >>> coming up, the squabble between paramount global first quarter results out today and speaking with bruce ratner talking about the state of the market as well as a new book about early cancer detection stay tuned you're watching "squawk box. this is cnbc. when it comes to investing, we live in uncertain times. some assets can eva
to the ccp that's got to weigh heavily on bytedance and ccp officials. secondly, i just have to say, right now this chinese economy, it's tanking at the same time that xi jinping is trying to court foreign investors. sending the message he might potentially destroy their shareholder value by preventing the sale of tiktok, by bytedance. that's exactly the wrong message he'd want to send when trying to shore up his tanking economy. >> congressman, an interesting point, the discovery process...
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Apr 25, 2024
04/24
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however, does bytedance want to get rid of this golden goose? i don't think so. and i'm not talking about politics here. i'm talking about sheer dollars. so there is nine months as the clock starts right now, raj, for a deal to happen. i imagine it would be a massive deal, and i imagine that companies right now and venture capitalists and other investors are starting to get those deals together to see if they can come -- >> let's have fun. who might step in? who are names? >> microsoft? >> probably microsoft. not google because they already have a big social media presence in youtube. meta could not be a part of this. apple could. i think instead of one company, maybe sort of a consortium of venture capitalists that want to get together there could be a start-up out there saying hey, if i get enough vc dollars, maybe we can be the next american tiktok. also, what can happen in nine months? somebody could take their place. this is the tech world. >> no, you can't take away tiktok. thank you, scott. good information there. >>> up next at 7:00, two separate pushes t
however, does bytedance want to get rid of this golden goose? i don't think so. and i'm not talking about politics here. i'm talking about sheer dollars. so there is nine months as the clock starts right now, raj, for a deal to happen. i imagine it would be a massive deal, and i imagine that companies right now and venture capitalists and other investors are starting to get those deals together to see if they can come -- >> let's have fun. who might step in? who are names? >>...
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Apr 30, 2024
04/24
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if they said that to bytedance in the future, bytedance would have to give that to them. >> that's my understanding. >> if they said we want to change that algorithm, so they see videos that help this candidate, or that candidate, bytedance would have to do that. >> that's my understanding. >> they said we want to send out videos that get americans to get at each other's throat. >> that's my understanding. that kind of influence operation, or the different kinds of influence operations you're describing are extraordinarily difficult to detect, which is part of what makes the national security concerns represented by tiktok so significant. >> thank you. >> thank you very much, mr. chairman, and my thanks to all of you and of course the people you work with every day. i'm going to start with this issue of government purchases of americans data. and former acting cia director mike morel presents something of a different view on this. he has said that the amount of information available for the government to buy would quote knock your socks off. and if it were collected through normal int
if they said that to bytedance in the future, bytedance would have to give that to them. >> that's my understanding. >> if they said we want to change that algorithm, so they see videos that help this candidate, or that candidate, bytedance would have to do that. >> that's my understanding. >> they said we want to send out videos that get americans to get at each other's throat. >> that's my understanding. that kind of influence operation, or the different kinds of...
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Apr 24, 2024
04/24
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KGO
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at that point, bytedance will have nine months to sell the platform. if they can't or won't sell. tiktok would not disappear from phones. americans would simply be unable to update or download the app. but bytedance is vowing to fight the ban in court, calling it a clear violation of the first amendment. the bill, passed last night, also includes $60 billion in aid for ukraine's war against russia. ukraine has suffered months of setbacks on the battlefield due to ammo and air defenses running low. also in the bill $26 billion to support israel along with humanitarian aid for gaza, where israel's war against hamas continues and could soon escalate in the city of rafah, the un is now calling for an investigation into mass graves uncovered at two hospitals in gaza, both previously raided by israeli troops. israel says the bodies were buried before the hospital raids. senate republican leader mitch mcconnell praised the foreign aid package, saying republicans have now turned the corner on the isolationist movement at andrew m. >> thank you. pro-palestinian demonstrations are spreading
at that point, bytedance will have nine months to sell the platform. if they can't or won't sell. tiktok would not disappear from phones. americans would simply be unable to update or download the app. but bytedance is vowing to fight the ban in court, calling it a clear violation of the first amendment. the bill, passed last night, also includes $60 billion in aid for ukraine's war against russia. ukraine has suffered months of setbacks on the battlefield due to ammo and air defenses running...
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Apr 24, 2024
04/24
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presidentjoe biden's approved the plans which give owner bytedance nine months to sell its stake or the app will be blocked. and megan thee stallion has been accused of fat—shaming her former cameraman and having sex next to him in a car. emilio garcia says she made the working environment intolerable. her lawyers called the claims "salacious accusations". time now to leave you with 10 seconds of horses on the loose in central london. four people were hurt, but the military—owned horses which escaped near buckingham palace have thankfully now been safely caught. i mean, they arejust going for it, aren't they, with that gallop? you're all caught up now. see you later. hello and welcome to sportsday with me, gavin ramjaun. a huge blow for liverpool — and a massive dent to their title ambitions — after defeat in the merseyside derby to everton. bruno fernandes hauls manchester united out of trouble again — against the league's bottom side at old trafford. and — ronnie o'sullivan is cruising in his first round match — as he looks for a record eighth world snooker crown. hello
presidentjoe biden's approved the plans which give owner bytedance nine months to sell its stake or the app will be blocked. and megan thee stallion has been accused of fat—shaming her former cameraman and having sex next to him in a car. emilio garcia says she made the working environment intolerable. her lawyers called the claims "salacious accusations". time now to leave you with 10 seconds of horses on the loose in central london. four people were hurt, but the military—owned...
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Apr 21, 2024
04/24
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bytedance doesn't want to sell it. if this gets stuck in the courts isn't the reality is not going away? >> tiktok, 170 million americans 90 minutes a day, more than the power of eyes that your network reaches on a daily basis. that information and many young people on tiktok get their news. >> yeah. >> the idea that we would give the communist party this much of a propaganda tool, as well as the ability to scrape 170 mill been americans' personal data, it is a national security risk. >> is it a national security risk according to the u.s. intelligence community, that has a direct impact potentially on u.s. elections. >> on u.s. elections. >> tiktok accounts -- >> this year. >> targets candidates from both parties during the midterm cycle in 2022, that's a worldwide threat assessment. tiktok is not going away before november, so that means it's an active threat. >> there is plenty of creativity on tiktok. there are people that make their living off of tiktok as social influencers. i don't want that go away. i want to m
bytedance doesn't want to sell it. if this gets stuck in the courts isn't the reality is not going away? >> tiktok, 170 million americans 90 minutes a day, more than the power of eyes that your network reaches on a daily basis. that information and many young people on tiktok get their news. >> yeah. >> the idea that we would give the communist party this much of a propaganda tool, as well as the ability to scrape 170 mill been americans' personal data, it is a national...
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Apr 23, 2024
04/24
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KRON
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is giving the chinese owner bytedance a timeline in order to sell the app. but first, what one east university is what one east university is doing to help teach a mystery! jessie loves playing detective. but the real mystery was her irritated skin. so, we switched to tide pods free & gentle. it cleans better, and doesn't leave behind irritating residues. and it's gentle on her skin. tide free & gentle is epa safer choice certified. it's got to be tide. ♪ ♪ california sky ♪ ♪ todos alcanzamos las estrellas ♪ ♪ sunny state of mind ♪ ♪ flexin' all the time ♪ ♪ todo es dorado ♪ ♪ feels so golden ♪ ♪ vive en el estado dorado ♪ >> the high cost of living and low wages are keeping quality candidates from becoming teachers, enforcing longtime educators to opt out of careers in the classroom. but as kron for some to call reports, a new teacher residency program in the east bay is aiming to change this and it falls line with others trying to keep equity in education. >> teacher by day student at night. that's not the most lucrative job,
is giving the chinese owner bytedance a timeline in order to sell the app. but first, what one east university is what one east university is doing to help teach a mystery! jessie loves playing detective. but the real mystery was her irritated skin. so, we switched to tide pods free & gentle. it cleans better, and doesn't leave behind irritating residues. and it's gentle on her skin. tide free & gentle is epa safer choice certified. it's got to be tide. ♪ ♪ california sky ♪ ♪...
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Apr 22, 2024
04/24
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what bytedance is saying today dialwho would buy the soci mea platform? we have a very busy hour when "worldwide exchange" returns. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. my name is oluseyi and some of my favorite moments throughout my life are watching sports with my dad. now, i work at comcast as part of the team that created our ai highlights technology, which uses ai to detect the major plays in a sports game. giving millions of fans, like my dad and me, new ways of catching up on their favorite sport. food isn't just fuel to live. it's fuel to grow. my family relied on public assistance to help provide meals for us. these meals fueled my involvement in theater and the arts as a child, which fostered my love for acting. the feeding america network of food banks helps millions of people put food on the table. when people are fed, futures are nourished. join the movemen
what bytedance is saying today dialwho would buy the soci mea platform? we have a very busy hour when "worldwide exchange" returns. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. my name is oluseyi and some of my favorite moments throughout my life are watching sports with my dad. now, i work at comcast as...
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Apr 26, 2024
04/24
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that is the new response from tiktok parent company bytedance. with a ban now looming reaction this morning in washington and the growing chances tiktok could eventually go dark here in the us. attention all commuters. there is a major interstate closure that starts tonight. it could impact your weekend plans. mike inouye is laying out what you need to know to get around. this is today in the bay. it is here friday. yes. good morning to you. i'm marcus washington and i'm chris sanchez. i'm here for laura garcia and for you as well. let's start the day with a look at that forecast. mike, we know you're going to be busy. carrie, if you have a construction project, not a bad time to do it, i guess. so we are going to have a dry weekend. and so i know that's what they look for. so we are going to start out this morning. temperatures in the mid to upper 50s as you're heading out. and everything looks pretty good. but it is still breezy. if you have those winds kicking up yesterday evening, expect the same again today. so as we're getting started, we a
that is the new response from tiktok parent company bytedance. with a ban now looming reaction this morning in washington and the growing chances tiktok could eventually go dark here in the us. attention all commuters. there is a major interstate closure that starts tonight. it could impact your weekend plans. mike inouye is laying out what you need to know to get around. this is today in the bay. it is here friday. yes. good morning to you. i'm marcus washington and i'm chris sanchez. i'm here...
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Apr 24, 2024
04/24
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congress took action over national security concerns since bytedance is chinese owned. this is part of a 95 billion dollar foreign aid bill to deliver funding to israel, ukraine, and taiwan. bytedance would have nine months to sell but the president could choose to extend that by another few months. and engineering professor and tech professor tells us they could sue a drag that out for years. he says were there are legitimate national concerns considering they collect personal information like your age, location and contact list. >> all this will create an understanding of what's going on in the americany know society. >> i am biased but i think it goes against our basic human rights of freedom of speech. >> reporter: we also heard from a woman who doesn't want tiktok to go away. she and her husband have 1.4 million followers and says the video sharing platform helped her husband grow his business. reporting liven bob redell today in the bay. >> thank you. >>> happening today, the map accused of driving his tesla off a cliff on purpose with his family inside is due bac
congress took action over national security concerns since bytedance is chinese owned. this is part of a 95 billion dollar foreign aid bill to deliver funding to israel, ukraine, and taiwan. bytedance would have nine months to sell but the president could choose to extend that by another few months. and engineering professor and tech professor tells us they could sue a drag that out for years. he says were there are legitimate national concerns considering they collect personal information like...
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Apr 17, 2024
04/24
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bytedance said they have no plans to launch it anywhere else, but trust me, you want an app to test to see its reaction. that�*s what happened, they�*ve had a negative reaction. the what happened, they've had a negative reaction. what happened, they've had a neaative reaction. .., , negative reaction. the company said the rewards — negative reaction. the company said the rewards are _ negative reaction. the company said the rewards are restricted _ negative reaction. the company said the rewards are restricted to - negative reaction. the company said the rewards are restricted to people | the rewards are restricted to people aged over 18 who have to verify their age, aged over 18 who have to verify theirage, but aged over 18 who have to verify their age, but the issue at stake is age verification and they have been called out before.— called out before. yeah, and there is a challenge _ called out before. yeah, and there is a challenge for— called out before. yeah, and there is a challenge for every _ called out before. yeah, and there is a challenge for every company l is a c
bytedance said they have no plans to launch it anywhere else, but trust me, you want an app to test to see its reaction. that�*s what happened, they�*ve had a negative reaction. the what happened, they've had a negative reaction. what happened, they've had a neaative reaction. .., , negative reaction. the company said the rewards — negative reaction. the company said the rewards are _ negative reaction. the company said the rewards are restricted _ negative reaction. the company said the...
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Apr 24, 2024
04/24
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bytedance under this bill will now have nine months. basically two to divest tiktok that we obviously expect a number of legal challenges, but this is set up to be a significant political issue. >> yeah, it's interesting, you know, of course, a lot of what we've been focusing on is the foreign aid. but i think as that kind of gets settled, there will be a lot of conversation about what the legislation regarding tiktok how that's going to proceed because we know that tiktok bytedance has lloyd up lobbied up and it doesn't look like they're going to just take this lying down so there could be a lot of litigation. and quite frankly, i think there's going to be continued can you conversation in washington now they've got a lot of things that they need to do right away. you but i think there is a wider issue to be discussed that goes beyond tiktok, but i think tiktok is an easy kind of is it easy social media app to focus on because it is china owned but it remains to be seen if this is actually going to become law. because again, we expect
bytedance under this bill will now have nine months. basically two to divest tiktok that we obviously expect a number of legal challenges, but this is set up to be a significant political issue. >> yeah, it's interesting, you know, of course, a lot of what we've been focusing on is the foreign aid. but i think as that kind of gets settled, there will be a lot of conversation about what the legislation regarding tiktok how that's going to proceed because we know that tiktok bytedance has...
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Apr 26, 2024
04/24
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i debts does not have any —— bytedance has no plans to sell tiktok. that has been applicable to be used. the us is concerned it would hand user data over to the chinese government although tiktok says it has not and will not share us is data with beijing for the critics say the algorithm is also a problem and its ability to influence americans. the latest development being dispelled presidentjoe biden signed into law this week: for a sale or a nationwide ban. tiktok plans to sue and could take the case all the way to the supreme court that could take years. but there are a lot of issues with a potential sale as well. finding a buyer for such a valuable company would be a challenge and anyone with a deep enough pockets like facebook parent meta or google would prompt competition concerns. also there is a great area overly powerful algorithm. beijing's at the is protected and would oppose any forced sale of tiktok. thank will take all necessary measures to protect chinese companies. thank you very much indeed. finally, this year is set to be the biggest
i debts does not have any —— bytedance has no plans to sell tiktok. that has been applicable to be used. the us is concerned it would hand user data over to the chinese government although tiktok says it has not and will not share us is data with beijing for the critics say the algorithm is also a problem and its ability to influence americans. the latest development being dispelled presidentjoe biden signed into law this week: for a sale or a nationwide ban. tiktok plans to sue and could...
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Apr 24, 2024
04/24
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bytedance, specifically tiktok does not indicate they will do so. we will keep fighting for the rights in court. the facts and the constitution are on our site and expect to prevail. basically signaling this will be a protracted legal battle over this issue. despite what lawmakers may say that they want to see tiktok continuing to operate in the u.s., they wanted in u.s. hands rather than in the hands of a chinese company that could be sharing data with the chinese commonest party. he begs to differ and said make no mistake, this is a ban on you and your voice which is one of the issues opponents of the legislation had around first amendment rights. this could maybe be in violation of this content creators who are trying to use the platform to share their voice. those concerns did not prevail over the wider concerns that proponents of the legislation had about the data security of americans and potential chinese manipulation of the content they are seeing on the platform. ed: we will continue to cover this very big tiktok story later in the hour. ka
bytedance, specifically tiktok does not indicate they will do so. we will keep fighting for the rights in court. the facts and the constitution are on our site and expect to prevail. basically signaling this will be a protracted legal battle over this issue. despite what lawmakers may say that they want to see tiktok continuing to operate in the u.s., they wanted in u.s. hands rather than in the hands of a chinese company that could be sharing data with the chinese commonest party. he begs to...
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Apr 10, 2024
04/24
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bytedance's revenue is surging. the owner of tiktok said the revenue soared 60% in 2023, the first time it's outpaced tencent and alibaba. the company faces an uncertain future in the u.s.. the house passed a bill last month to ban tiktok unless bytedance sells its prized assets. that is your bloomberg brief. jonathan: some stunning numbers there. up next, boeing's deepening crisis. >> we will approach this acknowledging our mistake. >> we don't put airplanes in the air we don't have one hundred percent confidence in. jonathan: that story is up next. ♪ you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. great job astro-persons. over. boring is the jumping off point for all the un-boring things we do. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. taking chances is for skateboarding... and gas sta
bytedance's revenue is surging. the owner of tiktok said the revenue soared 60% in 2023, the first time it's outpaced tencent and alibaba. the company faces an uncertain future in the u.s.. the house passed a bill last month to ban tiktok unless bytedance sells its prized assets. that is your bloomberg brief. jonathan: some stunning numbers there. up next, boeing's deepening crisis. >> we will approach this acknowledging our mistake. >> we don't put airplanes in the air we don't...
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Apr 23, 2024
04/24
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just isn't realistic. >> the problem is that when bytedance decides to create a wall to block u.s. data from leaving the united states, it's like asking the wolf to build a safer hen house. >> reporter: now, a lot of us just go to tiktok for a little entertainment, but some people like anna brown of burlingame make a living off tiktok. she says it saved her family during the pandemic when she could not get work as an esthetician. she is just one of millions of content creators who depend on the platform and millions of content creators that tiktok is trying to rally to put pressure on lawmakers. i don't know if it's working, because the house already voted to pass it, the senate will take their vote today, and president biden says when it gets to his desk, he will sign it. in san jose, kris sanchez, "today in the bay." >> a lot of users not so excited about that. all right, thank you. >>> new this morning, san francisco's attorney next week will ask a judge to throw out legal claims tied to a controversial police response to last year's hill bomb skateboarding event in the mission
just isn't realistic. >> the problem is that when bytedance decides to create a wall to block u.s. data from leaving the united states, it's like asking the wolf to build a safer hen house. >> reporter: now, a lot of us just go to tiktok for a little entertainment, but some people like anna brown of burlingame make a living off tiktok. she says it saved her family during the pandemic when she could not get work as an esthetician. she is just one of millions of content creators who...
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Apr 25, 2024
04/24
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FBC
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bytedance and tiktok, they didn't confirm the offer a, but let's fast forward to now. would you shoot the shot again? >> well, i think the deal's just going to get sweeter and sweeter as the time goes on, you know? they have nine months to divest, maybe a little extension. but the reality the is the ccp has come out very vocally and said they will not allow tiktok to divest, so i think we can get a pretty good deal on it if that's still an option. kelly: yeah. well, of course, they don't want anyone to have that algorithm which is where the value of tiktok lies. so, of course, this is still fresh news, but i'm curious, have you seen any user activity flocking to triller, and why do you think you are the number one alternative to tick okay right now? -- tiktok right now? >> well, i think it's multifact tomorrow. if you look at what happened historically e when president trump tried to ban tiktok, our app became number one in 72 countries in all a categories surpassing meta, withdrew talking about. and and this time we're seeing the bipartisan ban. it wasn't a potential
bytedance and tiktok, they didn't confirm the offer a, but let's fast forward to now. would you shoot the shot again? >> well, i think the deal's just going to get sweeter and sweeter as the time goes on, you know? they have nine months to divest, maybe a little extension. but the reality the is the ccp has come out very vocally and said they will not allow tiktok to divest, so i think we can get a pretty good deal on it if that's still an option. kelly: yeah. well, of course, they don't...
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Apr 24, 2024
04/24
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because president biden signed into law a bill that requires the chinese parent company, bytedance, to sell tiktok within nine months or be banned in the united states. tiktok said, "this unconstitutional law is a tiktok ban, and we will challenge it in court." our next guest testified before congress supporting the tiktok ban. ivan is ceo of barefoot security, a cyber security expert. great to talk to you. so, let me ask you, when you testified before congress, what did you tell them about tiktok you thought was concerning enough to deserve a ban in the united states? >> some of the findings we presented, tiktok has a lot of information on people who never use tiktok and did not suspect tiktok would be collecting the information. >> how do they get it ? >> one of the most common ways is through tracking pixels, we touch on websites that we use every day, like when booking a doctors appointment or finding something online, banking online. >> you are saying tiktok is giving information about us even if we don't download tiktok or we never go on the platform, and school other people's vi
because president biden signed into law a bill that requires the chinese parent company, bytedance, to sell tiktok within nine months or be banned in the united states. tiktok said, "this unconstitutional law is a tiktok ban, and we will challenge it in court." our next guest testified before congress supporting the tiktok ban. ivan is ceo of barefoot security, a cyber security expert. great to talk to you. so, let me ask you, when you testified before congress, what did you tell them...
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Apr 23, 2024
04/24
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as we mentioned, part of the bill would force tiktok's apparent company bytedance to sell its stake in the company within a year. that's a move that many are people are watching out for. tiktok has 170 million american users. it tracks how we consume content, the devices we use, how long we watch posts and what kind of posts we like to feed its algorithm. lawmakers say the problem lies in the potential that this data, some or all of it, is accessible to the chinese government. tiktok denies this. >> we've taken voluntary and unprecedented steps to protect and safeguard u.s. user data, far beyond any of our peers. we're working hard to educate legislators and fight for the over 170 million americans. that's half of everyone in the u.s. that make a home on tiktok. that's what i can say. >> reporter: the house passed the bill that would require bytedance to sell its stake in a year. if the senate passes this bill, it will land on the president's desk, where the president says he will sign it. we are in the midst of a little back and forth here. we will continue to watch all of this develo
as we mentioned, part of the bill would force tiktok's apparent company bytedance to sell its stake in the company within a year. that's a move that many are people are watching out for. tiktok has 170 million american users. it tracks how we consume content, the devices we use, how long we watch posts and what kind of posts we like to feed its algorithm. lawmakers say the problem lies in the potential that this data, some or all of it, is accessible to the chinese government. tiktok denies...
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Apr 22, 2024
04/24
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for bytedance? because it's, basically being fast-tracked and bytedance need to know if it's what is going to do, if it's faced with this serious decision about whether or not to sell it or have it close the fate is very much murky, max, as you have pointed out. >> in fact, i was talking to one expert one longtime observer of the chinese tech sphere, as he put it to me this is a moment of truth for beijing, we have reached out to china's ministry of foreign affairs. we are still awaiting a response, but based off of our past reporting, i think it is more than fair to say beijing is not keen on this idea of selling off tiktok. in fact, it would not like the doesnt like the idea of american lawmakers telling them what to do. so it's something that would certainly would be frowned upon. it was just a few weeks ago that i asked him ministry spokesperson about this possible move by the united states congress about this potential sale of tiktok and about some of the distrust that has been expressed by ame
for bytedance? because it's, basically being fast-tracked and bytedance need to know if it's what is going to do, if it's faced with this serious decision about whether or not to sell it or have it close the fate is very much murky, max, as you have pointed out. >> in fact, i was talking to one expert one longtime observer of the chinese tech sphere, as he put it to me this is a moment of truth for beijing, we have reached out to china's ministry of foreign affairs. we are still awaiting...
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Apr 23, 2024
04/24
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supporters of the measure say bytedance is ties to the chinese communist party. put millions of americans personal data at risk and threaten national security. currently the chinese communist party is able to gain unlimited access to the account information of tiktok users. the measure is part of a foreign aid package. the house passed saturday. it gives 95 billion dollars to ukraine, israel and taiwan 1000 gave bytedance more time to sell the app. extending the deadline from 6 months to one year. the move is expected to gain more support in the senate. tiktok responded with a statement on x calling it unfortunate that the house quote, is using the cover of important foreign and humanitarian assistance to once again jam through a ban. bill. massachusetts senator ed markey raised concerns a ban could hurt free speech that could and likely will. >> result in widespread censorship. virginia senator tim kaine says he doesn't think tiktok will go away. he thinks bytedance will choose to sell the that what will happen is tiktok will be owned not by. >> and entity conne
supporters of the measure say bytedance is ties to the chinese communist party. put millions of americans personal data at risk and threaten national security. currently the chinese communist party is able to gain unlimited access to the account information of tiktok users. the measure is part of a foreign aid package. the house passed saturday. it gives 95 billion dollars to ukraine, israel and taiwan 1000 gave bytedance more time to sell the app. extending the deadline from 6 months to one...
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Apr 24, 2024
04/24
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you have leadership at bytedance in china and tiktok saying this is a long legal battle if indeed the u.s. passes the bill. it will not disappear. the concern is the algorithm. it looks like it is the united states hard line. we are looking at a long legal battle in the supreme court. tom: users will be looking at that and monitoring that. thank you for the breakdown of this bill heading to the president's desk where he will sign it. boeing prepares to release rose salts for the cash burn in the wake of the max seven crisis. challenges for boeing and how that is feeding in. we set you up with a preview of that, stay with us, this is bloomberg. ♪ >> we believe for the next five years there is banking, insurance, optimized ecosystem. and then we've got an operator in mexico, spain. online lending business and a platform over time. the brand that we've built, a digital platform, that is what we believe is the long-term plan. tom: that was the ceo of south african lender speaking to jennifer who will be leading our special coverage next friday on africa amplified on bloomberg tv so tune
you have leadership at bytedance in china and tiktok saying this is a long legal battle if indeed the u.s. passes the bill. it will not disappear. the concern is the algorithm. it looks like it is the united states hard line. we are looking at a long legal battle in the supreme court. tom: users will be looking at that and monitoring that. thank you for the breakdown of this bill heading to the president's desk where he will sign it. boeing prepares to release rose salts for the cash burn in...
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Apr 24, 2024
04/24
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bytedance denies this saying it shares nothing with the chinese communist party. chinese companies at the end of the day, they don't do their obligation to their customers. shareholders. what they owe it to the prc government bytedance will have 9 months to divest from tiktok. if a ban goes into effect tiktok wouldn't disappear from users. phones but updates. a new downloads wouldn't be available from u.s. app stores. this legislation may address or at least mitigate a national security rest, but it could and likely will result in widespread censorship. but critics say the u.s. government is chilling. free speech. this censorship with predominantly impact young people in our country. others say the amount of support in congress speaks for itself. certainly enjoys a whole lot of support i think there are only 48 vote against it. now it will be at least 9 months before any ban would take effect. it's expected to face legal challenges reporting in washington. i'm trevor shirley. >> well, the california state university system is announcing more than 4 and a half mill
bytedance denies this saying it shares nothing with the chinese communist party. chinese companies at the end of the day, they don't do their obligation to their customers. shareholders. what they owe it to the prc government bytedance will have 9 months to divest from tiktok. if a ban goes into effect tiktok wouldn't disappear from users. phones but updates. a new downloads wouldn't be available from u.s. app stores. this legislation may address or at least mitigate a national security rest,...
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Apr 20, 2024
04/24
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essentially what it says is that the chinese parent company of tiktok, bytedance, would have my buns to divest. now the interest in tiktok in the united states and the president would have the authority to extend that by about 90 days so it would be a year that bytedance would have to sell off tiktok or face a ban in the united states. there have been concerns about national security interest. the fact that bytedance, the way that it uses and shares data from its users, 170 million in the united states, those concerns are what driving the idea that there needed to be a divestiture on the part of bytedance. the biden administration has set it once dust -- it does believe that this sale is something that needs to happen. there were concerns from the administration around national security issues. so much so that back in 2022 the biden administration band tiktok from government devices. the biden presidential campaign does have at tiktok account and does use the account tried to engage with younger voters. that is why they do not necessarily want to see a ban but it does want to see thi
essentially what it says is that the chinese parent company of tiktok, bytedance, would have my buns to divest. now the interest in tiktok in the united states and the president would have the authority to extend that by about 90 days so it would be a year that bytedance would have to sell off tiktok or face a ban in the united states. there have been concerns about national security interest. the fact that bytedance, the way that it uses and shares data from its users, 170 million in the...