🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

TikTok's pressure campaign accidentally proved Congress' fears

Business Insider

Business Insider · 1y ago

TikTok's pressure campaign accidentally proved Congress' fears

TikTok launched a campaign urging its users to "speak up now" against a bill that could ban the app in the US. The move, however, seems to have backfired as it reaffirmed lawmakers' concerns about the app's Chinese ownership, data privacy issues, and influence over teenagers. Congressional offices received numerous calls from TikTok users demanding lawmakers vote against the bill. Some offices received as many as 50 calls, leading to increased support for the bill among previously undecided members of Congress. A House panel subsequently voted in favor of advancing the bill.

Related News

Democratic senator raises concerns about Joe Biden campaign's decision to join TikTok

Economic Times

Economic Times · 1y ago

Democratic senator raises concerns about Joe Biden campaign's decision to join TikTok

Democratic Senator Mark Warner expressed concern about the decision by President Joe Biden's campaign to join the Chinese-owned TikTok app, citing national security implications. Republican lawmakers have also criticized the move. The Biden campaign currently has over 57,000 followers on TikTok. The US government's ban on TikTok's use on government devices remains in place, and the Committee on Foreign Investment in the United States (CFIUS) has demanded that TikTok's Chinese owners sell their shares. Efforts in Congress to ban TikTok have stalled, but some lawmakers want TikTok's parent company, ByteDance, to be put on an export control list.

TikTok's owner is raking in cash

Business Insider

Business Insider · 1y ago

TikTok's owner is raking in cash

TikTok's parent company, ByteDance, saw a significant increase in revenue, with earnings jumping from $25 billion in 2022 to $40 billion in 2023. This growth was driven by the success of TikTok Shop, enabling ByteDance to enter the international e-commerce market. However, the US Congress passed a bill that could require ByteDance to sell TikTok unless it is acquired by an American company. This ban could have implications for President Joe Biden's reelection campaign. Additionally, news of ByteDance utilizing OpenAI's technology raised concerns within the AI community and violated OpenAI's terms of service.

TikTok and its 'secret sauce' caught in US-China tussle

Economic Times

Economic Times · 1y ago

TikTok and its 'secret sauce' caught in US-China tussle

As the US continues its campaign to force TikTok to sever ties with its Chinese parent company, Beijing has made it clear that it will not allow the forced sale of the app and its algorithm. Analysts suggest that China fears setting a precedent where a Chinese company is compelled to sell its most valuable assets. The algorithm, seen as the "secret sauce" behind TikTok's success, has been a focal point in discussions surrounding a potential sale. Beijing considers the threat of a forced sale to be akin to "daylight robbery" and vows to protect its interests.

What's going on with the new bill that could ban TikTok?

TechCrunch · 1y ago

What's going on with the new bill that could ban TikTok?

The U.S. Congress has introduced a new bill to pressure TikTok's parent company, ByteDance, to sell the popular app or force it out of the country. The bill aims to ban software with ties to U.S. adversaries from being distributed within the country, and if the bill becomes law, Apple's App Store and Google Play could not legally distribute TikTok. The legislation has received support from President Biden who stated that he would sign the bill if it reaches his desk. The fate of the bill in the Senate, however, remains uncertain.

Democratic senator proposes new safeguards to keep TikTok online - The Economic Times

Economic Times

Economic Times · 28d ago

Democratic senator proposes new safeguards to keep TikTok online - The Economic Times

Democratic Senator Ed Markey has proposed new national security measures to keep TikTok operational in the U.S. without ByteDance being forced to divest its U.S. operations, contravening a Congress directive. Previously, President Trump ordered the Justice Department not to enforce this requirement. Markey's plan suggests enhancing transparency and limiting foreign data access to secure TikTok's presence. This comes amidst ongoing debates over TikTok's future and Trump's extension of divestment deadlines.

Donald Trump's pledge to 'never ban' TikTok will be tough to fulfill, legal experts say

Business Insider

Business Insider · 9m ago

Donald Trump's pledge to 'never ban' TikTok will be tough to fulfill, legal experts say

Despite Donald Trump's promise during his presidential campaign not to ban TikTok, the app is facing potential banning as Trump takes office in 2024. TikTok's owner, ByteDance, is required to divest from its US assets or face a ban from app stores based on a law passed by Congress. TikTok is challenging this law in court but is not yet successful. Even with Trump's election win, the future of TikTok in the US remains uncertain as Trump cannot simply repeal the law. He has two options to intervene - not enforcing the law or claiming it doesn't apply to TikTok - but both approaches come with legal challenges and uncertainties. It remains unclear if Trump will prioritize saving TikTok as he begins his term.

Trump says it could be worth keeping TikTok in US for a little while

Economic Times

Economic Times · 8m ago

Trump says it could be worth keeping TikTok in US for a little while

President-elect Donald Trump expressed his support for allowing TikTok to continue operating in the United States, citing the billions of views he received on the platform during his campaign. The U.S. Senate previously passed a law requiring TikTok's Chinese parent company, ByteDance, to divest the app due to national security concerns. However, the Supreme Court will hear the case, and if no divestment occurs, TikTok could be banned in the U.S. on January 19. Trump's comments indicate his opposition to TikTok's potential exit from the market, though it is unclear how he plans to undo the divestiture order.

3 theories to explain Trump's TikTok flip-flop

Business Insider

Business Insider · 1y ago

3 theories to explain Trump's TikTok flip-flop

Former US President Donald Trump has changed his stance on TikTok, now saying that the app should be allowed in the US. This is a reversal from his previous position in 2020 when he expressed a desire to ban the app due to concerns over user privacy. Speculation has arisen suggesting that Trump's change of heart may be linked to his recent meeting with billionaire investor Jeff Yass, who is an investor in TikTok's parent company. The Trump administration had been inconsistent in its approach to TikTok, with various proposals ranging from banning it outright to forcing a sale to a US company. President Joe Biden has also shown contradictory positions on TikTok, supporting legislation to force a sale while simultaneously using the platform for his 2024 presidential campaign. TikTok's recent campaign against a potential ban has faced criticism for potentially backfiring and mobilizing users against the app.

US Supreme Court upholds law banning TikTok

Economic Times

Economic Times · 7m ago

US Supreme Court upholds law banning TikTok

The US Supreme Court upheld a law banning TikTok, affecting 170 million users, citing national security concerns over Chinese ownership. Despite arguments from TikTok's owner, ByteDance, claiming a violation of free speech, the court prioritized security worries over data collection. Congress mandated ByteDance to sell or shut the app by January 19, fearing espionage. The ban will proceed, with debates ongoing over potential delays and attempts to find a US buyer to protect user data.

South Korea delays decision on Google's request for map data exports - The Economic Times

Economic Times

Economic Times · 20d ago

South Korea delays decision on Google's request for map data exports - The Economic Times

South Korea has postponed a decision on Google's request to export map data, following U.S. pressure regarding non-tariff barriers. The delay aims to address South Korea's security concerns, as the nation fears revealing sensitive locations. Google argues the data is publicly accessible and has been reviewed for security. U.S. officials contend restrictions hinder navigation services in Korea, affecting American companies. Despite the postponement, discussions between Google and South Korean authorities continue.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Just Months After Promotion, Open ...

Microsoft locks down a building a ...

Gaming Ban Stumps Cricket: Virat ...

Download the medial app to read full posts, comements and news.