Kevin O’Leary’s $20B TikTok offer is rejected as ByteDance confirms it won’t sell the key technology behind the app’s success.
First launched in the United States in 2018, the app quickly became the most downloaded social and entertainment app in the world. By 2020, when Americans were looking for ways to
TikTok users in the United States were not able to watch videos on the popular social media platform on Saturday evening, just hours before a federal ban on the popular social media platform was
ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.
The Supreme Court seemed to lean Thursday toward upholding a law forcing Chinese parent company ByteDance to sell off TikTok, with all nine justices indicating national security concerns posed by the social media app outweighed potential threats to free speech.
TikTok is now accessible again in the United States. Just how long that lasts will likely depend on incoming President Donald Trump.
ByteDance has repeatedly stated it has no desire to sell TikTok, yet O’Leary has been persistent in his campaign to buy the U.S. arm of the platform — even without the algorithm in place.
TikTok’s app was removed from prominent app stores on Saturday evening just before as a federal law that bans the popular social media platform
STATEMENT FROM TIKTOK: In agreement with our service providers, TikTok is in the process of restoring service. We thank President Trump for providing the necessary clarity and assurance to our service providers that they will face no penalties providing TikTok to over 170…
Shark Tank star Kevin O'Leary has made his position quite clear in light of TikTok's impending ban in the US: "I do not want this shut off, not for one second," he told Fox Business. The statement comes as ByteDance,
The rise of TikTok as a dominant force in social media has been meteoric, redefining how users interact, share, and consume content. From its quirky dance
The business world is expecting big changes — and potential disruptions — as Donald Trump returns to the White House.